Why the Fed wants corporate America to have a hiring freeze
finance.yahoo.com
Why the Fed wants corporate America to have a hiring freeze
1–10 of 32 posts
Re: Why the Fed wants corporate America to have a hiring freeze
#2What if someone gets laid off during this freeze? How long is “short term”?
Re: Why the Fed wants corporate America to have a hiring freeze
#3I don't understand what's going on there. Could someone please ELI5? Why is the labour market so hot in the first place? Shouldn't we all be looking for better (as in actual market rate) compensation?
Re: Why the Fed wants corporate America to have a hiring freeze
#4So, wealth is getting redistributed downwards because of inflation. Am I getting that right?
Wouldn’t want that to happen.
Re: Why the Fed wants corporate America to have a hiring freeze
#5So, wealth is getting redistributed downwards because of inflation. Am I getting that right? Wouldn’t want that to happen.
I think that is really hard to say. Depending on where the salary growth and demand is, it could easily worsen inequality.
If salary for white collar workers and inflation goes up too much, employing blue collar work becomes unprofitable and those workers get locked out of the labor market.
Re: Why the Fed wants corporate America to have a hiring freeze
#6You need workers to make goods and service, deliver them ect...
If you freezing hiring thats just gonna cause shortages for domestic goods and services.
Leading write back to higher prices...
Re: Why the Fed wants corporate America to have a hiring freeze
#7Well, I don't. So it seems we're at a bit of a stalemate.
Re: Why the Fed wants corporate America to have a hiring freeze
#8You need workers to make goods and service, deliver them ect... If you freezing hiring thats just gonna cause shortages for domestic goods and services. Leading write back to higher prices...
The current thought is that current inflation is driven more by consumer demand than supply shortage. That is to say, consumers have a lot of cash and are buying more goods than are available.
Re: Why the Fed wants corporate America to have a hiring freeze
#9I don't understand what's going on there. Could someone please ELI5? Why is the labour market so hot in the first place? Shouldn't we all be looking for better (as in actual market rate) compensation?
The labor market is hot because the proportion of of the population working is down 8% since 2000, and a significant portion of the population have more cash and are buying more than ever. This came to a head during the pandemic when the number of workers spiked down and money rained from the sky
Re: Why the Fed wants corporate America to have a hiring freeze
#10They juiced the market to keep people hiring during COVID but now all those workers need to go back to their lower prestige and gig jobs.
The are too many numerate people now to boondoggle. The story the moneyed economists quantify is distilled as “humans do this.”
That there is a model of haves and have nots curated by haves is political theater, not free market economics.
What the Fed wants is more gig worker insecurity as usual: https://www.nytimes.com/1997/02/27/business/job-insecurity-o...