White Collar Layoffs Incoming!! Biden’s next disaster (million, pay, job)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
There will be additional large interest rate increases this year, which is why the stock market tanked.
THis will slow the economy and lower inflation.
We are most certainly headed for an economic downturn which in conjunction with interest rates will pop the housing market bubble.
Revlon may be the canary in the coal mine here...they were loaded down with debt and then had supply chain issues and 4x higher material cost.
The smart ones will start paying down their debt now.
Makes you wonder just how leveraged these companies are...how much debt did they take on during the good years.
I'm really on the fence about what will happen with Biden. The DNC has been pretty awful about picking winners of late instead of giving everyone a fair run. How many key insiders would it really take for them to just freeze out any challenge to him?
I agree about Trump and suspect it will be Desantis.
When a POTUS decides to run for re-election, there are no serious contenders from the same party.
Biden will be 82 and Trump 78 in 2024.
DeSantis is the front runner, right now. With Trump out, there will likely be another “ clown car” of competitors hoping to catch fire as there was in 2020 for the Democrats and 2016 for Republicans.
No one would have reasonably predicted Trump would run, let alone win the nomination and then the general election in 2014. Jeb Bush entered as the front runner and folded.
I don't know about that. Joe likes to spend and we'd be bankrupt if he did control the economy.
All POTUS like to spend other people’s $ and debt. The federal Government can’t bankrupt.
All POTUS inherit debt, add to it and kick the can.
Congress controls the purse strings.
Funding for Ukraine was a bipartisan initiative. They granted more $ than requested.
This will be forgotten when it comes time to raise the dent ceiling.
All POTUS like to spend other people’s $ and debt.
Congress controls the purse strings.
Funding for Ukraine was a bipartisan initiative. They granted more $ than requested.
This will be forgotten when it comes time to raise the dent ceiling.
I know that. I was replying to your comment about no recessions.
While I'm not claiming doom and gloom over things just yet, IT is hardly the only white collar job market there is. And even when things get bad, there will always be a need for IT professionals.
Agreed, fully. However, the article linked in the OP talks about "tech" companies, specifically.
I think there is an employee threshhold that has to hit for a warn notice (50 IIRC?). Sure, it shows the heavy hitters, but it does not show the 100's of times more little places that reduce the IT department from 2 to 1.
The Federal WARN Act is about providing employees with notice. Employees with less than 6 months service and most part time employees are exempt.
Some states have their own WARN Acts and notice includes filing with the state.
The stock market outperforms real estate over time. Unfortunately, people can’t live in their portfolio.
That's one of the major problems; people seeing real estate as an "investment" rather than as a place to live/shelter.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
