The US economy added a stunning 353,000 jobs last month, according to Bureau of Labor Statistics data released Friday, registering a stronger-than expected gain to kick off 2024.
We lost those tech jobs because they shouldn’t have been jobs in the first place. Companies went on a spending bender with borrowed money at ridiculously low rates and when they couldn’t keep making the payments and keep the people they hired, they had to make a choice.
Note that I am not defending the corps that pulled this shit. Our economy is based on bullshit and the grow or die mentality of most of the investment firms that are willing to fund new ideas or new takes on old ones.
I understand your point, I just think profit margins and executive compensation packages tell a different story.
Which is why to me it’s weird to see a headline about how many jobs are gained, without knowing how much money those people are pulling down. Idk. I don’t know much about economics.
We lost those tech jobs because they shouldn’t have been jobs in the first place. Companies went on a spending bender with borrowed money at ridiculously low rates and when they couldn’t keep making the payments and keep the people they hired, they had to make a choice.
Note that I am not defending the corps that pulled this shit. Our economy is based on bullshit and the grow or die mentality of most of the investment firms that are willing to fund new ideas or new takes on old ones.
I understand your point, I just think profit margins and executive compensation packages tell a different story.
Which is why to me it’s weird to see a headline about how many jobs are gained, without knowing how much money those people are pulling down. Idk. I don’t know much about economics.