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33 sats \ 0 replies \ @optimism 22h \ on: The Jobs Market Puzzle (Financial Times, Robert Armstrong) econ
Wasn't that the same in the 1980s and the early 2000s? Trouble always starts with hiring freezes and small reorgs with limited layoffs, but the latter doesn't automatically mean that there is actually going to be larger scale trouble.
I'm not sure how much elasticity there is right now. If watching everything from a sats standard then everything normie is on fire. But that's probably the echo chamber building in bias?