Why have companies stopped hiring? Our hiring rate is now at 2009 levels
>>61576540They're hiring efficient and high IQ Indians
>>61576540Doesn't hiring stop as some point when everyone has a job?
>>61576540If you're moderately competent and ever worked at a large corporation you'd realize that about 90% of the "people" there are just bloat. Seems that management are realizing this as well.
>>61576557Normalize IQ tests and on the job training.
if it weren't for 5-6 companies riding the AI wave we'd be in a recession. most companies are treading water or barely breaking even, they don't have the resources to hire more, they're cutting spending.
>>61576557But the bloat is almost entirely concentrated in middle and upper management, which are generally shielded from layoffs and barely hire anyway. There is no way to spin this as anything but GenX and Boomers protecting themselves. Just put a recession indicator over the last year where it should be and the chart makes perfect sense.
>>61576540Ripple effect and a feedback loop. Companies don't seem to realize that people can only buy their products if they have disposable income.
>>61576587>if they have disposable income.Nobody has that anymore. Everyone just puts shit on their credit card
>>61576594Enough income to keep the credit ball rolling then. The truth is many companies do realize that but they know they are playing a game of chairs.
>>61576540Jobs are so 2005Get on with the grifting or die
>>61576540Because we're going to roll into a recession worse than 2008 in mid to late 2026.
>>61576619True that. Working as a wageslave makes me think that grifting is the only way to make it nowadays. Fuck how things have turned out
>>61576690The yield curve chart is really making me think something fucky is about to come our way
>>61576744>Look at all the correlations! The correlations, Jerry!
>>61576540the great HR filter
It's mostly due to the white collar job market imploding over the past few years due to high interest rates and CEOs wanting to see what can be automated by AI and what can't be, it will probably recover late 2026 to mid 2027, I doubt it'll be some massive hiring spree but you'll see more activity again
>>61576557Like 576 said, the bloat is always throughout the middle and upper. But it's always the plebs at the bottom doing the actual work of making the products that get shafted. And those who remain after get their workload increased and told to just suck it up.
>>61576540America doesn't make anything and the government bails out corporations anyways and gives them free money just for existing every yearReally the only workers America has need of is basic shit like garbage men and essential services When you just print money out of thin air, why do you need workers?
>>61576613yep. the redundancies and the lack of new hiring is all cost cutting to try and keep the line going up. they've bled the consumer dry and they've got no other option. But of course everyone will tell us it is AI taking everyone's jobs. AI washing up there with green washing.
