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by nostrademons
1254 days ago
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They retrained and got reallocated to the new hot sectors (how many people work in tech now vs. in 2008?), or they joined the pool of unskilled labor, or they dropped out of the labor force. The economy is always changing - new more-productive ways of doing stuff get invented, relative prices change, consumer tastes shift. Layoffs & rehiring is the economy's way of redirecting employees away from unproductive, unprofitable work and into new careers that are better adapted to the times. Your mental model of what a career looks like needs to include leaving jobs (and if you don't do it proactively, it may be done for you) and shifting your efforts into new work that is more adapted to the times. |
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