Here in Gnu Yak we are still seeing 4-5 major (more than 50) mass layoffs a week. A lot of firms moving out of NY and some going overseas...just keeps happening.
The pre-employment business is booming! Staffing companies are in a rush to recruit but are they really putting that many people to work? Online listings and recruiters’ solicitations give the job-seeker a sense of hope that an opportunity is just around the corner but like the movie Groundhog Day, every day is just like the one before it. Community colleges and other “leg-up” on employment types of organizations offer classes or services on how to formulate resume’s, how to interview, how to network, etc. Eventually, the job seeker succumbs to the frustration and/or begins to take it personally when recruiters are unresponsive to obligatory follow-up calls and e-mail as job application status feedback is extremely slow or nonexistent...So, what else could be nonexistent, the jobs themselves?
Here’s a test:
True or false question.
If you have 100 jobs that pay $100k a year and you lay them all off and replace them with 200 part time jobs that pay $30k per year, there are twice as many jobs.
Answer: True
In such a scenario, has the economy improved?
This is basically the situation we now find ourselves in.
Pride goeth before a fall.
If I had to bet on anybody getting it in the neck after 2016, Wall Street would be my #1 pick, and I don't have a #2.
“And if the GOP can get Wall Street aligned with Main Street, the White House awaits.”
But...but...how will this benefit an Evil White Capitalist, such as myself? *SMIRK*
I agree, get this country working now! All pistons.