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The main reasons it's much harder to get a job are: - higher interest rates - section 174
by 29athrowaway 7mo ago
The main reasons it's much harder to get a job are:
- higher interest rates
- section 174
- silisili 7mo agoAs I understand it, OBB reverted section 174. Interest rates have fallen, not to near 0 as they were, but down from highs with no apparent effect. I used to agree with your statement, but it's feeling more and more it's not true.
- Swizec 7mo ago> Interest rates have fallen, not to near 0 as they were, but down from highs with no apparent effect. Hey it turns out that going from decades of stability to 1 or 2 years of total fuckaroundery has economic impacts. Who knew? This on top of the general trend that the post-ww2 USA gravy train has been ending for a couple decades now.
- otherme123 7mo agoInterest rates are normal or even low. The situation of interest around 0% for years was an extreme anomaly never seen before. Since 1973 interest rates were almost always above 5%, and the only moments they fell under 3% they created the 2008 boom and bust.
- 29athrowaway 7mo agoThe impact is not instantly reverted and is still ongoing.
- AtlasBarfed 7mo agoWhen you simply have cartels and monopolies across all sectors of the economy, there is no incentives to hire more people to pursue and compete, and and no avenues for new companies to enter the market and compete. Instead, these companies simply optimize their costs. Which ultimately will be labor. And then rent extract as much as possible from the economy. And then rent extract as much as possible from the economy All of that rent extraction goes to the super rich