I believe that Jerome Powell wants to gaslight United States employers into shaking off excess and over hired workers.
The strange thing is I believe the economy is better than it is being portrayed as.
The unemployment rate indicates that the economy is strong. And going into 2023, most of the headwinds like ukraine war and energy inflation don’t look so bad.
And China is turning a bit less crazy and opening borders.
These are all good.
I think perhaps having all these big tech companies over hire and over spend on talent is prematurely screwing smaller businesses and startups.
Powell and his big business friends are highly aligned to scare employers and give them air cover for agressive lay offs.
I believe 2023 will be far better economically than people think, and that the situation is not as bad as it is being portrayed.
They want to scare you into laying off to increase economic dynamism which is better for everyone.
A lot of people are getting paid way too much and afraid to ever quit because they can’t get a better job. That prevents innovation and growth.
The solution to scare everyone into firing helps everyone.
The strange thing is I believe the economy is better than it is being portrayed as.
The unemployment rate indicates that the economy is strong. And going into 2023, most of the headwinds like ukraine war and energy inflation don’t look so bad.
And China is turning a bit less crazy and opening borders.
These are all good.
I think perhaps having all these big tech companies over hire and over spend on talent is prematurely screwing smaller businesses and startups.
Powell and his big business friends are highly aligned to scare employers and give them air cover for agressive lay offs.
I believe 2023 will be far better economically than people think, and that the situation is not as bad as it is being portrayed.
They want to scare you into laying off to increase economic dynamism which is better for everyone.
A lot of people are getting paid way too much and afraid to ever quit because they can’t get a better job. That prevents innovation and growth.
The solution to scare everyone into firing helps everyone.