The pandemic created some extra job opportunities but I feel the bigger reason is adoption of AI based systems to do the repetitive type work leading to the job cuts of users who did those jobs. Skill based jobs will always have their demand and they will never get cut out unless they are very poor in their work.
However there might be other reasons soo, tech companies have been cutting down staff for quite a few years and hiring people as well. The turnover if kept constant might mean that they want the employees to deliver good results instead of staying in the status quo.
Topic: Recession soon? - page 4. (Read 1429 times)
Looks like it is going to happed.
A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.
A recession is typically defined as a significant decline in economic activity across the economy, lasting for a sustained period of time. This decline is often marked by a contraction in Gross Domestic Product, rising unemployment rates, reduced consumer spending, and decreased business investment.
The inbalance in the news is easily explained thru the overhead earings of new people.
They are blind to the woes most working class people have to go thru.
You make 5k+ a month it does not matter if you pay weekly 200 $ or 500 for food. Most of high earners don't even cook. (plus it leads to a raise in covid related ills) Have one child, if that. Imagine making 2k or less and having 3 kids.
They are blind to the woes most working class people have to go thru.
You make 5k+ a month it does not matter if you pay weekly 200 $ or 500 for food. Most of high earners don't even cook. (plus it leads to a raise in covid related ills) Have one child, if that. Imagine making 2k or less and having 3 kids.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
The current layoffs likely stem from a combination of two factors: over-hiring during the pandemic and mismanagement from executive leadership. During the pandemic, companies understandably hired additional staff to manage the increased workload. However, some executives may have authorized these hires without thoroughly evaluating the long-term need for these positions within the company's workflow. Interestingly, when I search about layoffs, they mostly seem to be happening in tech industries. However, in other industries that I'm familiar with, the demand for employees remains high, making it easier to find a job.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
The current layoffs likely stem from a combination of two factors: over-hiring during the pandemic and mismanagement from executive leadership. During the pandemic, companies understandably hired additional staff to manage the increased workload. However, some executives may have authorized these hires without thoroughly evaluating the long-term need for these positions within the company's workflow. Interestingly, when I search about layoffs, they mostly seem to be happening in tech industries. However, in other industries that I'm familiar with, the demand for employees remains high, making it easier to find a job.
Yes as long as you have a secure job with decent income to manage your daily expenses and a bit to invest into either crypto or stocks or something else it looks good and yeah inflation seems to calm down which is a good sign but professionals need to think of AI and to what extend it could take their job away and should be cross skilled in order to survive.
That is the description of blind people.There is a recession going in most countries. The newpapers won't tell.
From Recession recovery: https://www.theguardian.com/business/2021/jun/08/global-economy-set-for-fastest-recession-recovery-in-80-years-says-world-bank
To the next https://www.statista.com/topics/9904/recession-indicators-worldwide/ recession.
It basically never left to be one since covid.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
Looking at the current world situation, a recession will definitely occur. War and conflict are the main causes of the world economic recession because they disrupt economic cooperation between countries/regions. Smooth trade means a smooth economy. Trade stopped, the economy also stopped. Where do you want to get money from if you don't buy and sell goods or services? So this is where a recession will occur and of course it will have an impact on more layoffs.The pandemic several years ago has taught us to live frugally. During this time, many people live glamorously and compete with each other for prestige. For those who have been laid off, we need to go out in the morning looking for business inspiration, considering that business is really needed by the community. Apart from that, the pandemic conditions several years ago taught us that one income is not enough, we have to have a side business so we can invest. So now if you work, you should try to save and invest to face a recession because we don't know what will happen in the future.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
It is true that many people have been laid off from their companies due to employee reductions. This is the impact of COVID-19, many companies have experienced a very drastic decline in turnover. Regarding the issue of a recession, I am not so sure this will happen, but the difficulty of getting a job is not only caused by the limited number of job opportunities which are far less than the number of job seekers. However, it is also because there is a gap between the competencies or skills required by the company and the skills possessed by the person himself.Nope, it's sure not that. The inflation hit and employees are asking for higher pay, once granted the company is also trying to reduce the number of employees to pay.
Another reason is that there are fewer clients to the companies and you can notice this even in restaurants, only a few are eating out thus the restaurants don't need much workforce.
It may not sound recession yet but obviously, this is going where it is. And the government isn't ready to say this to the public as they are once again preventing people from panicking. This is the frog in the boiling water.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
It is true that many people have been laid off from their companies due to employee reductions. This is the impact of COVID-19, many companies have experienced a very drastic decline in turnover. Regarding the issue of a recession, I am not so sure this will happen, but the difficulty of getting a job is not only caused by the limited number of job opportunities which are far less than the number of job seekers. However, it is also because there is a gap between the competencies or skills required by the company and the skills possessed by the person himself. 
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
I don't think the recession is coming. After the pandemic, we have seen lots of products, services, and businesses going digital, and this has made companies and organizations accept the digital era. That is what is increasing on a daily basis and has made companies lay off there workers. I know how many people were sacked from Facebook and other digital companies because of the invention of AI technology, which has made performing tasks easy and faster. If it were you, why would you need more workers to work for you when you can employ just two workers who know how to operate the new technologies and get your work done easily, faster, and accurately? 
If everything looks fine, a recession will still happen?
I see the situation here is not too bad but what you mentioned might be true, because good conditions are not completely good.
Some countries in their capitals look prosperous but it is not evenly distributed and is very different from other regions in the country.
I see the situation here is not too bad but what you mentioned might be true, because good conditions are not completely good.
Some countries in their capitals look prosperous but it is not evenly distributed and is very different from other regions in the country.
I don’t know if this only applies in my country but this is quite common and is actually a problem. Many employees are hired through a contract but only after a few months or so. After that they will be technically fired from the job thus forcing them to find another one. Many citizens from my country find that there are more and better job opportunities in other countries than our own.
I don't really see it, but from the increase in prices of goods/necessities that I see, will this cause a global recession?
I don't think it will be global but several countries will really feel the impact.
I don't think it will be global but several countries will really feel the impact.
I also don't think it will happen globally now or in the next year, because there are some rich countries that don't feel this way at all right now. But this is actually starting to be felt by several poor countries whose people still find it difficult to find work, so they are also starting to find it difficult to earn money through their own lives, which has a big impact on their needs which are difficult to fulfill in general in life.
The increase in prices of basic goods actually occurred at the end of last year, although this may not have been felt so much by large countries with rich populations. But now we can all see that this is only being complained more by poor citizens, where they are starting to find it difficult to get money to meet their daily needs, so they are starting to think that this recession is a very bad thing and has a global impact on all countries.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
Even before Covid, the crisis increased unemployment which was already quite high, then after Covid it hit even worse. In almost all the areas I visited, they have now lost their livelihoods, including employees, street vendors and also shops. This increase is also added to by the migration of shopping places from offline to online. I admit that the process is very faster than usual, online shopping activity has become even more massive during Covid. Not a few grocery stores have gone bankrupt due to being unable to compete with prices made cheap by imported goods and then marketed in online shops blindly. This also encourages the government to evaluate foreign products so as not to flood the market and result in local products being marginalized.Unemployment after Covid has really caused great concern, especially for the lower middle class who only depend on economic turnover in the field sector. Employees who have to be laid off are now finding it increasingly difficult to get job vacancies back because they have different skill demands. In my opinion, this crisis will continue where there is a large migration of large companies that have transferred labor functions to machines and robots.
The prediction of Global Recession has been going on since 2021, they said it would happened in 2022, and then when it didn't happen in 2022 they said it would happen in the 2023, and now when it didn't happen in 2023 they are saying it is going to happen in 2024. I doubt that global recession will happened shortly, unless the world is falling into WW3, other than that global economic will still be okay at least. Most country won't have their economic growth significantly because many factors, but even if there is a recession it would still be in some region and won't happened globally.
I agree with what you said. And also you have pointed out correctly about the earlier predictions of Global Recession. The news like that sell good and that's why we can see them around often. It's like predicting an earthquake: might happen and might not.
Investing can be said to be a remedy at them though we shouldn't just hold for too long but we need to sell and secure profit sometimes because assets can experience a down-time too and they may take time to recover again.
At least monitor market conditions. If we are careless and not observant, it will again cause psychological damage to our time and mind and I agree, especially if we invest in crypto, for a decline of 20-40%, it is very vulnerable, it might happen often, especially if there is a sell-off by a large institution like what MicroStrategy did yesterday, although The slight impact is quite noticeable for alt coin holders.
On the other hand, we are always obliged to prepare reserve funds that we can use to meet urgent needs, especially inflation conditions, without having to sacrifice the investments we are building or running, otherwise everything will go off its normal path.
People might be aware that some of the esteemed and largest organisations are laying off their employees left right and centre, are we heading into recession? Because I have seen my colleagues getting laid off and it's been months they are unable to find a job. Either we are heading towards recession or globally companies overhired the employees post COVID hence clearing the additional manpower. I am bit convinced that it's like recession sort of thing and not sure to over hiring. Share your thoughts on this crisis which has left a good amount of people without any work.
Bro recession's been here all the time, everyone's just in denial at this point and would not care to admit that the economy is on its way to destination fucked. Just recall what happened last 2022, the US literally tried to circumvent a recession by changing the definition of a recession, is that something that sparks confidence that "we're not in the recession yet"? For me, no. It's only time until one country croaks and once that happens, I can see a massive domino effect pushing every other country on the planet to fight back but eventually lose, soon enough we're gonna get into one of the coldest economic times for the fiat industry, and if things do not go well war and famine would ensue, not even crypto's gonna save us at that point. The job market's not specifically made difficult by the impending recession however, although I could see it becoming an effect and a herald of the times to come. In my opinion the only reason why it's so hard to find a job these days is because the market's becoming even more competitive, with the people who's got the skills and the grits getting all the job posts while those who would rather complain than upskill are left behind, it's just louder now cause compared to the 40s, we have the internet to voice out and produce echo chambers that makes us feel like we're bigger even though we're practically the minority.
I don't really see it, but from the increase in prices of goods/necessities that I see, will this cause a global recession?
I don't think it will be global but several countries will really feel the impact.
I don't think it will be global but several countries will really feel the impact.
Cryptocurrency is about to End the Recession, that is what Started the Recession.
I think some People think this is a Game, I know many weren't here when I was and came in much later than $5 Bitcoins. But I want to Show Everyone something.
Below is BLURT, a Newer Currency, and it's Entire History of having Significant Value comes from me being Part of it. There still is Plenty of Room to Grow, as there are Only like 5,000 Daily Users or something, and it should be Several Million. I made it go up because I Bring New People, I just have this Entity around me, a kind of Giant Mass of People and Angels and Ghosts, Demons, but Angels and Demons, and People, many are just People and Law Enforcement and Congress, and the Presidents, and Other Countries, they all know Who I am. Some may be saying "We will VOTE in America" because I am the King of the South, but it's not a Vote. If you want to be King of the South, You have to Feed Everyone like I do. And to be King of the South You have to have the World know who You are. When we Vote, we Hardly know who we are Voting for, to be King, Friends and Enemies must know Your Name and Reputation, Discuss Your Habits, etc. Not just Your "Subjects" but their Predators, like a Shepherd Protecting a Flock. But the Point being that You can actually see it.
This image is of the Entire History of BLURT, and You can see me in the Price Spikes.
https://i.ibb.co/2s1JnJY/IMG-2516.png
This is STEEM, I did it for STEEM before. The way this was done was by Copying what I did for Bitcoin because I actually Helped get Bitcoin to $1,000. So what we did was Simply do Press Releases and Teach Everyone else how, and Start Sharing Email Lists of Businesses and Media. This Brought STEEM up, but with the Anarchist Takeover, the 102 Week Withdrawal Period taken down to 4 Weeks, and the Website being Sold to TRX, the Price Fell. It did go up as You can see, when I taught them how to use SBD, that was how the Price went up, until Bitcoin went from $50,000 to $20,000 and that Hurt STEEM as much as everyone else. STEEM and BLURT are waiting for BTC to go back up (and it has, but they haven't seen the Recovery yet).
https://i.ibb.co/W3FjjKp/IMG-2517.png
On HIVE my Wife and I Showed what can Really Happen, we went on LinkedIn and Announced VKBT before it was even Stakable, and LinkedIn Flocked to HIVE thinking it was a New Social Media Savior. The Price went to $3.00 before the Investors were Disillusioned and found the White Supremacists Fighting against the Van Kush Family, around Joe Rogan and Rob Dyrdrek, etc. And the Price went back Down.
https://i.ibb.co/t231MBs/IMG-2518.png
And the big one, Bitcoin. By Teaching Everyone how to do Press Releases, and make Email Lists, I Helped Everyone get the Price up to $1,000 each, then it goes up because of me during Christmas sometimes. And then I sent out 10,000 @ Tags on Facebook to the CoinBase Token Academy, and that gave them the Idea to Post Ads, and that was the First Time we got BTC to $50,000. Now, we are getting it to $100,000, like I said we would. I Told the Mathematicians to make Valuable Altcoins and we would have a $100,000 BTC.
https://i.ibb.co/k58hTDS/IMG-2519.png
Below is BLURT, a Newer Currency, and it's Entire History of having Significant Value comes from me being Part of it. There still is Plenty of Room to Grow, as there are Only like 5,000 Daily Users or something, and it should be Several Million. I made it go up because I Bring New People, I just have this Entity around me, a kind of Giant Mass of People and Angels and Ghosts, Demons, but Angels and Demons, and People, many are just People and Law Enforcement and Congress, and the Presidents, and Other Countries, they all know Who I am. Some may be saying "We will VOTE in America" because I am the King of the South, but it's not a Vote. If you want to be King of the South, You have to Feed Everyone like I do. And to be King of the South You have to have the World know who You are. When we Vote, we Hardly know who we are Voting for, to be King, Friends and Enemies must know Your Name and Reputation, Discuss Your Habits, etc. Not just Your "Subjects" but their Predators, like a Shepherd Protecting a Flock. But the Point being that You can actually see it.
This image is of the Entire History of BLURT, and You can see me in the Price Spikes.
https://i.ibb.co/2s1JnJY/IMG-2516.png
This is STEEM, I did it for STEEM before. The way this was done was by Copying what I did for Bitcoin because I actually Helped get Bitcoin to $1,000. So what we did was Simply do Press Releases and Teach Everyone else how, and Start Sharing Email Lists of Businesses and Media. This Brought STEEM up, but with the Anarchist Takeover, the 102 Week Withdrawal Period taken down to 4 Weeks, and the Website being Sold to TRX, the Price Fell. It did go up as You can see, when I taught them how to use SBD, that was how the Price went up, until Bitcoin went from $50,000 to $20,000 and that Hurt STEEM as much as everyone else. STEEM and BLURT are waiting for BTC to go back up (and it has, but they haven't seen the Recovery yet).
https://i.ibb.co/W3FjjKp/IMG-2517.png
On HIVE my Wife and I Showed what can Really Happen, we went on LinkedIn and Announced VKBT before it was even Stakable, and LinkedIn Flocked to HIVE thinking it was a New Social Media Savior. The Price went to $3.00 before the Investors were Disillusioned and found the White Supremacists Fighting against the Van Kush Family, around Joe Rogan and Rob Dyrdrek, etc. And the Price went back Down.
https://i.ibb.co/t231MBs/IMG-2518.png
And the big one, Bitcoin. By Teaching Everyone how to do Press Releases, and make Email Lists, I Helped Everyone get the Price up to $1,000 each, then it goes up because of me during Christmas sometimes. And then I sent out 10,000 @ Tags on Facebook to the CoinBase Token Academy, and that gave them the Idea to Post Ads, and that was the First Time we got BTC to $50,000. Now, we are getting it to $100,000, like I said we would. I Told the Mathematicians to make Valuable Altcoins and we would have a $100,000 BTC.
https://i.ibb.co/k58hTDS/IMG-2519.png
Recession Soon??
and in the next 5 years the situation will become increasingly uncertain. It's a good idea to prepare early now. . The most obvious sign is an increase in the price of raw materials for basic needs, but if we already have several investments the returns are quite good and this can be used as preparation if conditions change at any time. Food and water in the future will really talk about the future...Investing can be said to be a remedy at them though we shouldn't just hold for too long but we need to sell and secure profit sometimes because assets can experience a down-time too and they may take time to recover again.
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