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A comment on McDonald's temporarily shuts its U.S. offices and prepares layoff notices. Parent comment

Re:McDonald's temporarily shuts its U.S. offices and prepare... by JumpCrisscross on Monday April 03, 2023 @11:00AM (#35424774)
> the U.S. thinks the layoffs that have hit the tech sector are because they overextended and made poor decisions during the stimulus-fueled boom

That's part of it. The other is there are categories of American white collar work which have always been bullshit jobs, it's just now okay to eliminate them.

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Re:McDonald's temporarily shuts its U.S. offices and prepare... by hammock on Monday April 03, 2023 @11:10AM (#35424989)
You seem to be saying the same thing
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Re:McDonald's temporarily shuts its U.S. offices and prepare... by JumpCrisscross on Monday April 03, 2023 @11:17AM (#35425121)
> seem to be saying the same thing

Many companies (mostly tech) increased hiring of all kinds, bullshit or not, during the last years. Those are the excess jobs. Reversing them is the short-term correction. For much longer, corporate America has been staffing up departments which practically do nothing. Eliminating them is the longer-term trend.

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Re:McDonald's temporarily shuts its U.S. offices and prepare... by hammock on Monday April 03, 2023 @11:20AM (#35425205)
Zero interest rate policy means they were the same thing
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Re:McDonald's temporarily shuts its U.S. offices and prepare... by JumpCrisscross on Monday April 03, 2023 @11:25AM (#35425306)
> Zero interest rate policy means they were the same thing

No, it doesn't, because one of these things pre-dates and was not caused by low rates. (Office Space was released when rates were half a point above where they are now [1].)

[1] https://www.bankrate.com/banking/federal-reserve/history-of-...

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Re:McDonald's temporarily shuts its U.S. offices and prepare... by hammock on Monday April 03, 2023 @12:32PM (#35426791)
Ok what is your evidence that bullshit jobs are being structurally eliminated in a way that is unrelated to interest rate policy?
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