In which we dive into the labor market of 2024 and the question of whether an increase in health care jobs is evidence of or justification for a recession.
Not to mention how essentially fucked up it is to categorize jobs in health care, education, and other government services as economic negatives. Sacrificing the caring economy for private wealth; so the rich can get richer.
I appreciate this piece, although I'm not sure that you've rejected the premise, so much as believe "it's not so bad." To be fair, it's not just Trump that's been concerned with Labor Market Breadth -- Skanda Amarnath (of the leftwing Employ America) is too https://www.therandomwalk.co/i/157970235/people-are-worried-about-labor-market-breadth
This whole “private-sector recession” spin feels like gaslighting. People weren’t quitting fast food to be nurses because the economy was weak,they finally had a safety net to make a move. In my world (luxury travel), we saw fewer burnout stories, more clients with job stability in healthcare and education, and way more demand than usual. If that’s a recession, I’ll take it over trade war-induced stagflation any day. Trump’s team seems more worried about who’s creating jobs than whether people are actually getting better ones.
Not to mention how essentially fucked up it is to categorize jobs in health care, education, and other government services as economic negatives. Sacrificing the caring economy for private wealth; so the rich can get richer.
I appreciate this piece, although I'm not sure that you've rejected the premise, so much as believe "it's not so bad." To be fair, it's not just Trump that's been concerned with Labor Market Breadth -- Skanda Amarnath (of the leftwing Employ America) is too https://www.therandomwalk.co/i/157970235/people-are-worried-about-labor-market-breadth
This whole “private-sector recession” spin feels like gaslighting. People weren’t quitting fast food to be nurses because the economy was weak,they finally had a safety net to make a move. In my world (luxury travel), we saw fewer burnout stories, more clients with job stability in healthcare and education, and way more demand than usual. If that’s a recession, I’ll take it over trade war-induced stagflation any day. Trump’s team seems more worried about who’s creating jobs than whether people are actually getting better ones.