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Cake day: 2023年6月15日

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  • 2008 wasn’t just a bad year. The job market never fully rebounded after 2008. A big part of this is that a lot of jobs were outsourced and not nearly enough real, lasting job creation occurred afterward. Haven’t you heard about the Great Resignation and the Great Attrition? Do you know why two interconnected events occurred? Because ever since 2008, companies have been exploiting their workers by overworking, underpaying, and mistreating them. People got tired of accepting those conditions and the extra social spending allowed them to effectively strike. How were companies able to exploit their workers like that? By not having enough jobs. If there were more jobs, companies wouldn’t be able to take advantage of their employees. Bringing in more potential workers would only serve to exacerbate the situation.