#Excellent #Education, Years of #Successful #Experience, and #Unemployment: When the #Job #Search Ends in #Failure
Academic Bachelor's and Master's degrees were for a long time considered in Germany an unconditional guarantee of a stable future and high social status. However, modern realities of the labour market are making harsh adjustments to this paradigm...
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WSJ declares the "era of the megalayoff."
That this "new template for โright sizingโ the workforce is spreading."
In other words, the ruling class intends to impose mass unemployment on an unprecedented scale, with massive pay & benefit cuts, speed-ups, and longer hours for everyone else.
150,000 laid off in 2025, just in the U.S.
90,000 so far in 2026:
*30,000 fired from Oracle
*18,500 fired from Amazon
*14,000 canned from Nokia
*5,100 axed from Block (40% of their workforce)
Corporate debt is now over $14 billion just in the U.S., with Amazon, Alphabet, Meta, Microsoft & Oracle expected to take on another $175 billion in new debt this year just to finance their AI orgy, which will likely lead to increased productivity & profits, and the elimination of even more jobs.
Meanwhile, we've got the big unions cutting sellout deals with the bosses, telling members there's no other choice but to pay ever increasing amounts of our paychecks for healthcare premiums, that we're lucky to get 1-2% raises, far below the rate of inflation, when others are getting canned or taking pay cuts.
https://www.wsj.com/business/has-the-era-of-the-mega-layoff-arrived-928f061d
https://skillsyncer.com/layoffs-tracker
#workingclass #LaborHistory #classwar #unemployment #oligarchy
Harsh Goenka Shares World's 50 Most Valuable Brands List: 'Only One Country Missing!' Internet Seems To Know Why
Fears of another lockdown amid fuel shortages and recession risk
By Nassim Khadem
As fuel costs surge and supply fears grow, businesses and households say the economic shock from the war in the Middle East is already hitting home.
#Recession #CostofLiving #EconomicGrowth #Economy #Inflation #InterestRates #SmallBusinesses #Unemployment #Work #FederalGovernment #Budget #COVID19 #EpidemicsandPandemics #War #NassimKhadem
Breaking: Unemployment rate remains at 4.3pc
By Gareth Hutchens
Australia's unemployment rate remained at 4.3 per cent in March, the same as February, in seasonally adjusted terms.
https://www.abc.net.au/news/2026-04-16/unemployment-rate-steady-march-2026-australia/106570400
#EmploymentStatistics #Unemployment #EconomicTrendsandIndicators #EconomicGrowth #Inflation #UnrestConflictandWar #GarethHutchens
@TazPoltorak
She's not wrong, though. I've been applying for highly qualified jobs for 15 months and not gotten one. If my main priority is to start earning a monthly salary, then her advice is probably quite sound. She doesn't care about my 210 publications in #archaeology. They aren't helping me to pay my half of the mortgage.
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