Panic at the Job Market

Re:Panic at the Job Market by idiotlogical on Wednesday July 17, 2024 @12:40PM (#40987709)

The inflation from the covid money-fountain came back to bite well after the pandemic. Central Bank sets the rates higher to purposefully chill the economy by triggering a recession, or ideally recession-lite. Making people unemployed is a key goal

[ Parent | on HN ]

Re:Panic at the Job Market by bumby on Wednesday July 17, 2024 @08:37PM (#40991558)

>Making people unemployed is a key goal

Considering one of the main goals of the central bank is to maximize employment, this perspective might be extending into unfounded conspiracy territory.

[ Parent | on HN ]

Re:Panic at the Job Market by chubs on Wednesday July 17, 2024 @08:40PM (#40991570)

Perhaps they're prioritising preventing hyperinflation, and willing to break eggs (layoffs) for that inflation-under-control omelette. Either way, it's all not much fun right now :(

[ Parent | on HN ]

Re:Panic at the Job Market by bumby on Thursday July 18, 2024 @10:37AM (#40995989)

I tend to think the rise in unemployment in tech is a regression to the mean. We’ve just gotten lulled into think the best of times is the norm.

[ Parent | on HN ]