Re:Private sector lost 33k jobs, badly missing expectations ...
by observationist on Wednesday July 02, 2025 @02:32PM
(#44447229)
A big tech company firing a few thousand current employees and hiring twice as many H1B workers shows a net gain for jobs health, when this represents wages dropping, more people unemployed, and has a very negative impact on the economy. Many big companies game the metrics being Goodharted by regulators and watchdogs, and people guilelessly buy into the headlines, without inspecting the reality underneath.
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