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by mc32 1260 days ago
According to Joe Biden, we've been in a recession for two years. But even if he was imprecise as he is wont to be, the Fed is saying there is a slowdown. Companies are not going to wait till they are near bankruptcy to lay people off.

Yes, they overhired but also those people hired got experience and a job. They may have instead landed a different job paying less (otherwise they would not have taken this job) or they may have not landed any job at all if all companies decided not to add that 25% growth in headcount.

2 comments

> Yes, they overhired but also those people hired got experience and a job.

Do you have any idea how much stress and strain this can put on a person, especially if they are the provider for their family?

Please don't make excuses for one of the richest companies in the world abusing their position and treating human beings like expendible machines.

I know it's hard. I don't wish it --but at the same time many people _got_ jobs _because_ companies overhired. Had they not, then many people would have had no job at all or would have had to take lesser jobs. Just imagine 25% tech across the board if they had kept their belts tight. How many people would have not gotten that tech job over the last two to three years? That would suck even more.
Why do you assume they over hired, vs using this as a cludgal to force the remaining employees to work longer hours to pick up the slack, and drive down salaries at the same time?
All of them would have found work elsewhere. Or what's even more likely -- already had work, but Amazon lured them with slightly higher comp.
And it's even worse: people working in white collar level Amazon type jobs will survive, but not all people are at that level.....and, combine this sort of thing with various other sorts of sub-optimal things that exist within the system in large quantities and you might end up with a lot of angry and confused people assembling at prominent political buildings on special days.

Perceptions of this can easily be wallpapered over with "Haha, those people are [just] stupid, they should [just] be laughed at [for their stupidity - yours is fine]", but that does not eliminate the problem, it only eliminates awareness of it.

Was that a gaff you're making a joke about?