News for hackers. Stuff that matters.
Re:Higher-income people are worried about the economy by JumpCrisscross on Wednesday March 23, 2022 @12:24PM (#30780151)
> Higher-income people are business people

These data define "higher-income people" as those earning more than $100k. That's a very broad spectrum.

Re:Higher-income people are worried about the economy by bpodgursky on Wednesday March 23, 2022 @12:30PM (#30780223)
Given that $100k is the income bracket where people are highly leveraged on college loans (and housing prices), it makes sense that they are often more sensitive to economic conditions than those working lower-income jobs.

You NEED a strong economy to stay above water on the debt — you took out $200k in college + law school loans to accelerate your career and if you can't get a high-income job in your specialty you simply can't fall back to a low-income job without being in crushing debt forever.

Re:Higher-income people are worried about the economy by Spooky23 on Wednesday March 23, 2022 @12:39PM (#30780349)
I run a big division of a big org.

Given the desire and investment in project/process, we could probably take half of the $100k+ workforce and replace with automation and a dumber, cheaper workforce. Economic crises often drive those decisions.

High income people are the least safe - $300k doctors are being treated like factory workers and replaced by $125k nurse practitioners.

Re:Higher-income people are worried about the economy by orwin on Wednesday March 23, 2022 @03:00PM (#30781981)
> we could probably take half of the $100k+ workforce and replace with automation and a dumber, cheaper workforce.

That's basically what i'm doing. I was at first automating a secretary's job, now i'm automating my "SRE and security manager" job. With some resistance, so i'm starting with the most boring part of his job, but my goal is to automate him away. It's my secret, secondary job description. I hope i do that within a year.

Re:Higher-income people are worried about the economy by Jcowell on Friday March 25, 2022 @07:57AM (#30801021)
Does this seem messed up to anyone else ? Yes it’s an inevitability and it’s nothing that hasn’t been done before but damn