121–130 of 303 posts
Earlier quoted context omitted.
GDP is not suffering — quite the opposite, 2% real annual growth in Q1 — so recession is definitionally inaccurate.
We’ll need new terms if Musk and Altman make infinity GDP and everyone else is unemployable.
Earlier quoted context omitted.
Let's use percentage of people below the poverty line ( the actual poverty line is estimated between 97k(single) - 145k(family with children) Anybody reading hackernews that cares about GDP growth is profoundly misinformed. https://www.cbsnews.com/news/income-needed-get-ahead-145k-ha...
As a Brit, it seems hilarious that a single person with an income of $97k would be on the poverty line. That's more than double the median income for all households in the UK. A lot of Americans don't seem to realise how fantastically wealthy they are compared to the rest of the world. https://www.ons.gov.uk/peoplepopulationandcommunity/personal...
The article also repeatedly discussed median salaries, but average costs.
And it includes full time daycare costs for young children that only last for a few years.
Also housing prices are high but you can certainly afford an apartment as a single person making $100k a year. But if you want to save, having a roommate doesn’t mean you are living in poverty.
The reality no one ever wants to talk about is that big tech doesn't need as many employees that it has. Anyone who has worked in big tech knows it is true.
Okay but - if an industry can afford more employees than it has is there a real reason not to have them? Aside from shareholder greed etc.
This is intentional. Companies are actively trying to develop capabilities to replace humans. I am surprised there are not enough protests against this.
I think people are blaming AI for a recession caused by trump’s tarrifs and the oil crisis. Businesses fear that oil prices may explode until enough of the economy enters a recession that oil demand decreases, and are already feeling the supply crunch
Earlier quoted context omitted.
Indeed, it's exactly what you'd expect if more people quit buying stuff.
Sales people sure, but secretaries and support staff?
Honey, I overhired during the pandemic and I need a scapegoat for the layoffs!
Thats been mostly straightened out for years. This is tariffs, oil, and uncertainty more than anything. When I worked in finance the thing that made the analysts happiest was a split election wherein neither side could accomplish much. We now have the opposite of that, and worse a capricious leader who makes huge changes without much justification or explanation. Pressing "shuffle" on the economic policy doesn't help…
The reality no one ever wants to talk about is that big tech doesn't need as many employees that it has. Anyone who has worked in big tech knows it is true.
The reality no one ever wants to talk about is that big tech doesn't need as many employees that it has. Anyone who has worked in big tech knows it is true.
Okay but - if an industry can afford more employees than it has is there a real reason not to have them? Aside from shareholder greed etc.