How would this affect you unless you are in government or rely on industries who need government contacts? The Unemployment rate would go up and they would have to hustle to find new work -like anyone else who gets laid off.William Foster said:In reality though, how will the private job market handle absorbing A MILLION recently unemployed people? That's a lot of people entering the workforce.Hoyt Ag said:
Any severance above 6 months is stupid. Welcome to the real world in finding a job that expects you to actually work and show up.
To be clear...I do not care for these people or have sympathy...but does this negativel;y affect the economy, or me and my family somehow?
I believe we were heading for a recession regardless of these layoffs. Everyone has to navigate recessions in their careers. The Biden Administration has been kicking the can down the road and the road has run out. Hopefully, Trump will be able to navigate it. The Trump administration will need a communication strategy too. No one has been discussing the incoming Medicare premium increases because the Biden administration has been raiding it either.