You see the layoffs in the tech industry.
Unemployment is at about its lowest level in 55 years. The tech industry, took advantage of the pandemic's crazy spending and focus on online services, to hire more than it needs, at times to the tune of 2X-3X more than it needs. Creating a situation where employees were spending the bulks of their time doing nothing. Worse, they were "working from home", but in reality hitting the AirBnB scene, traveling and screwing around doing nothing, and collect paychecks.
The tech industry had to come to terms with it. They didn't lay off all the extra weight. Nevertheless, anyone who knows what they're doing in the tech space now, has a job, or can find a job.
And in retail you have stores and restaurants shutting down everywhere.
The retail picture is changing in the US. Mid-to-Large downtown areas, have been experiencing major changes in the past few years, accelerated by the pandemic. The downtown commuting is going away, to be replaced by clusters of multi-residence developments clustered around urban sprawl, taking away with it the "downtown" retail space.
Restaurants's only problem, is that restaurant owners cannot find enough workers to keep their restaurants operating efficiently. Check against your unemployment claim.
Some of you may be doing well financially, while others are not.
Wow, this is revelation. As if this has never happened in the USA.
Anything factual you'd like to report on?
