Quote:
Originally Posted by Porsche-O-Phile
There is and can ultimately be no such thing as a "jobless recovery". This is artificial.
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+1
A "jobless recovery" is simply a bubble in a new sector.
The massive layoffs actually just perpetuate the cycle. Company A lays off a bunch of people in order to protect profits, but all those people are consumers of Company X, Company Y, and Company Z's products, who in turn lay off to protect profits. Before long, Companies B and C are laying off, and around we go. If nobody has jobs, nobody can buy your stuff.