Layoffs surged 98% in 2023; It could get worse this year

I agree, but if any economic model has the chance to evolve with the times, it would be the free market.
Allowing people to be materially productive and reap the rewards, and have the freedom to innovate and take risks seems like a much more intelligent approach to economic health. Then when new challenges arise, someone is always ready to take them on.
But I am baffled by the emerging economy.
I don't understand how people can make a living putting up YouTube videos and being influencers, or how such activity is even useful in society.
A world built around the mindless pursuit of everyone's 15 minutes of fame is very disturbing and sad.
Of course, the world economy is already driven by mindless consumerism of many frivolous things that could easily disappear and not affect our survival, such as the fashion industry, the cosmetics industry, the gambling industry, etc., but at least those economic sectors have some tangible assets, unlike you tubers and influencers.
And with increasing automation and now AI, what will the unwashed masses have to do?
The cold logic of a machine might make corporations more profitable, but if it all results in even worse inequality, the masses will have little incentive not to tear the place down and start again.
If the corporations are smart, they will provide sufficiently cheap bread and circuses to keep the rubes in line.
Imagine a world where everyone is walking around with their own cheap virtual reality headset on, being constantly numbed by sales pitches and gossip and visual porn, while automation, robots and AI run the world and produce the actual stuff.

 

nothing to do with any candidate. Prices remain much higher than a couple years ago. Wages did not keep up. Delinquencies on the rise, Layoffs occurring, and jobs added are government and food service. Or, wave democrat pom poms and avoid the facts behind the figures

 

you forgot government

 

Lol... leftists are using the stock market especially the high flying stocks that the average family cannot afford to gauge the economy. To hell with high cost of living and high prices for goods and services across the board.

 

“I just want to congratulate everybody. The stock market, Dow Jones Industrial Average just hit 30,000, which is the highest in history,” Trump said in the briefing room.


“We’ve never broken 30,000, and that’s despite everything that’s taken place with the pandemic.”

“The stock market’s just broken 30,000 — never been broken, that number. That’s a sacred number, 30,000, and nobody thought they’d ever see it,” Trump said.

yea only Leftist use stock market high flying stocks that the average family can't afford.

 

There is a reason why “food service/fast food/coffee and milk shakes/serve lunch/Burger King” is booming.

During Trump administration, these industries were destroyed. Because of Trump’s incompetent response to COVID-19 hospitality industry destroyed in America. Americans who can work from home didn’t lose job in 2020. They just moved from office to work from home.

Now that under Joe Biden the Great, under Joe Biden the savior of America no more COVID-19 or Mask mandate or lock down, hospitality industry like coffee and milk shake is coming back. economy is so good that people are going to restaurant . no wonder we have so many jobs in restaurant business, Americans have so much money under Joe Biden the American Redeemer , Americans are eating out.

 

Wait, I thought that the rich having all the tax breaks and huge profits would trickle down to the average family?