As the cost of everything goes up due to lack of supply, taxes are raised to cover costs for Uncle Sugar and the local sugar cubes, and the HR costs of actual working people goes up to that $15 an hour level for kids that wrap Christmas packages, there is no job that is going to be safe. An economy is not about certain jobs that disappear, it’s about jobs being erased from the top down. And in many cases, the lower jobs that actually produce the worth to be used, are protected until the whole thing goes tango uniform. A business doesn’t earn money with a CEO and board sitting in the glass tower. It is earned with the income of low level that create investments. So when the market finally dumps, all jobs are going to go away. And they are starting at what was a 3.5% unemployment in February and now at 6.9% in October. Sometimes the grass isn’t greener on the other side of the hill.
wy69
A few books out there suggesting that 50% of the jobs done are “Bulls——t jobs” that could be eliminated with no loss to the economy or our society. Just a loss to the person needing the income from the bulls——t job.
I’m in financial services. About 70% of the jobs in this business are bulls-—t ones. The industry itself could be termed that, really. Just a bullls——t industry.