What little strength exists in the labor market comes from two unsustainable sources.
Replaced by H-1B worker? Congress caved to corporate search for cheap labor.
“They’re bringing in people with a couple of years’ experience to replace us, and we have to train them.”
Who gets the crumbs in the ironically named “sharing economy”?
Real annual earnings of production and nonsupervisory workers: down 15.4% from 42 years ago.
But it performs miracles on corporate profits.
Job cut announcements in tech doubled from a year ago. Worst year since 2009.
The designated losers of monetary policy. There are a lot of them.
Humans need not apply.
The word “gloomier” inconveniently shows up to describe CEOs’ outlook.