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this post was submitted on 02 Feb 2024
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Those tech jobs shouldn't have existed to begin with. They were being paid with borrowed money when interest rates were stupid low.
I don't give a shit about the middle management that lost their jobs but the real talent could have been and probably would have been working for themselves or with smaller companies making less but they wouldn't have lost their job like they did. This isn't about Biden or really even the rates being hiked, this is about the grow or die mentality that fuels our economy and stock market.
You're not wrong but those are people who are suffering right now.
What does that have to do with what was being discussed?
I get your sarcasm but the tech jobs that were lost aren't going to be mopping floors. They will find something if they haven't already and plenty probably got a severance package plus unemployment, etc.
If it wasn't clear. I was pointing out what this is really about and it's not about Biden versus whatever monstrosity the maggats parade around. These job losses in particular are thanks to the economic engine that everyone seems to think is the only way to have a good economy. They weren't lost because Biden did anything and they would have been created under whoever was the sitting president when interest rates hit those lows.
Those are people who are suffering too.
What the fuck are you talking about? The middle managers aren't suffering, most probably kept their jobs or got moved around elsewhere.
I feel nothing for people losing jobs that aren't actually needed in a company.
I really hope you are being sarcastic, if not it means you are one of those wastes of skin and office space that only hamper production by those they are managing. The state of management in most companies is one of the reasons I'm self employed. I don't have to have some fuckwad that failed upwards telling me to do things the most inefficient way or worse making my job hell because they have to hover and micromanage.
You aren't getting the point so peace out.
Because the health of the company's finances should elicit more empathy than humans losing their means of survival?