HappySkullsplitter@lemmy.world to Political Memes@lemmy.world · 3 months agoLayoffs Surpass Financial Crisislemmy.worldimagemessage-square32linkfedilinkarrow-up1568
arrow-up1568imageLayoffs Surpass Financial Crisislemmy.worldHappySkullsplitter@lemmy.world to Political Memes@lemmy.world · 3 months agomessage-square32linkfedilink
minus-squarePennomi@lemmy.worldlinkfedilinkEnglisharrow-up14·3 months agoOn the contrary, they are quite effective. They just don’t work for you.
minus-squareCaptDust@sh.itjust.workslinkfedilinkarrow-up6·3 months agoI’m not sure who they work for, exactly, because a depressed labor market and trade shortages aren’t really helping any of them either.
minus-squarepivot_root@lemmy.worldlinkfedilinkarrow-up12·3 months agoA recession helps the wealthy. They get to buy property, services, and company ownership at fire-sale prices while the rest of us have to sell assets and labor below their actual value to avoid starving to death.
On the contrary, they are quite effective. They just don’t work for you.
I’m not sure who they work for, exactly, because a depressed labor market and trade shortages aren’t really helping any of them either.
A recession helps the wealthy. They get to buy property, services, and company ownership at fire-sale prices while the rest of us have to sell assets and labor below their actual value to avoid starving to death.