>As far as I can tell, layoffs seem concentrated among high-earning folks - I can definitely see how anyone browsing HN would think we're headed straight for a recession. But it seems like overall, and especially in lower-wage jobs, employment is still humming along and people are very much not getting laid off.
Shit rolls downhill. We'll see how well the service economy holds up when their client base has been out of work for 6 months.
Are tech workers really the basis of the service economy? And even if so, will they remain so if lower wage earners, of which there are quite a lot more, start earning relatively more?
Shit rolls downhill. We'll see how well the service economy holds up when their client base has been out of work for 6 months.