“The 1.1 million layoffs number is 65 percent higher than what was reported through this same period last year. This year’s numbers are also the highest since the start of the Great Recession, excluding the 2020 layoffs during the global pandemic.”
Hold on to ya butts.
The bourgeoisie news and economists won’t call it a recession until the stock market falters. If the big number stays high enough, we could “not a recession” all the way through the next Great Depression.
The mainstream media is going to really struggle with their messaging, because there may not be an obvious stock market collapse. There’s a sense in which the highs of the stock market are not irrational exuberance, but a rational reflection of how much they’re dabbing on us.
If dems weren’t controlled opposition they would run on this.
Ok chuds. Republican trifecta. Republican Supreme Court doing political favors for the Republican president, you won the culture wars, porky got another tax cut and ai is making labor more and more affordable AND they’re richer than ever.
Why aren’t they making jobs? Why are things still expensive?
The Democrats are neither equipped nor willing to tug the thread of that conversation. Just asking the question puts us on the dangerous path of realizing capitalism is a system of systems and not some supernatural force.
6 months later when the “efficient AI systems all collapse within themselves”
K shaped recovery