Bidenomics: Whopping 38% of Companies Say They're Likely to Have Layoffs in 2024 Due to 4 Reasons, S

Q3 had the fourth highest corporate profits in history and within 1% of the highest profit margin rates in history and yet somehow the economy is killing businesses?

 

We enter the fourth year in a row of flagator posting recession predictions. A few more years of this and I may question his diagnostic abilities.

 

The orange god is on record as saying he hopes the economy crashes in the next 12 months, wiping out retirement funds and investments. Who the hell wishes for millions of Americans to suffer like that? smdh

 

It's like the GOP rep who said they wouldn't pass border legislation because it would help Biden. These people aren't interested in governing, just power.

 

It's cherry picking idiots from the RINO/NWO club of communists and high treason insurrectionists.

 

Western Journal

Feel free to post a link from that sewer site that mentions anything good about Democrats.

 

Layoffs is not a great indicator of an economy. Especially if new jobs created > layoffs. Layoffs were actually up in 2023 by a large margin. But overall, over 2.3 million jobs were created during the year.

My company added to the layoff total, even though we're doing quite well. We were part of a merge that started about 3 years ago, and this past June, there was a large layoffs to trim duplicates. It took that long to really have both sides of the house integrated to see where the fat was that could be trimmed. Then, in November, we had a smaller set of layoffs to trim positions that could be absorbed by people taking on the extra tasks. It was an efficiency play. Thankfully, my job wasn't cut, but a lot of good people I know weren't so lucky. Still, it's a business, and despite doing well, we aren't a charity, and we don't keep people employed when we don't need their services.

Everyone I know who got let go in June has found a job already. So are many from November, but there are a few stragglers. I expect them to find something by EOM. Plenty of jobs out there.

 

In 2018, over 21 million people got laid off. If 40 percent of companies laid off an average of 10 percent this year, that’s barely 5 million workers likely.
It sucks, but it is a normal part of the economy.
American layoffs and firings are at a 20-year low

 

My company also laid a lot of people off this year while recording record profits (over 20% above prior ATH). It’s a terrible metric when gauging business health and is simply used by OP for the basest of partisan reasons.

 

The labor market is actually quite strong and resilient right now and has been since the 3rd quarter of 2020, as it was from 2017 to early 2020. The problem it creates (as we have already seen) is more inflation. In their heart of hearts, the Fed would prefer to see an unemployment rate north of 4% and closer to 6% if they were being honest. Anything below 4% creates inflation pressures and to the Fed, inflation is king. (if we take them at their word)

 

The key stat isn't the number of layoffs, it's the net difference between hiring and layoffs and that number will most likely be a significant positive again. Trump claimed to have created the greatest economy in history. This article is from January 2020 immediately prior to the pandemic.
2019 was one of the decade's worst years for job cuts in the US

 

I would say that layoffs are not a good LEADING indicator of how an economy is doing. The last thing to happen during a recession is massive amounts of layoffs (I'm not talking about trimming excess employees, I'm talking 30%-type bloodbath numbers). In fact, the layoffs are typically a sign that a recovery is not far off.

 

Nice self portrait of you desperately hoping for the country to fail like your orange god does.

 

I am reminded of 2 similar fallacious methods used by those attempting to legitimize their arguments or opinions by citing widespread belief or support. These techniques are frequently used on this forum by those looking for support and affirmation from posters allied with them, and by Donald Trump in his numerous attempts to convince others.

Logical Fallacies and the Art of Debate

Argumentum ad numerum (argument or appeal to numbers). This fallacy is the attempt to prove something by showing how many people think that it's true. But no matter how many people believe something, that doesn't necessarily make it true or right. Example: "At least 70% of all Americans support restrictions on access to abortions." Well, maybe 70% of Americans are wrong!

This fallacy is very similar to argumentum ad populum, the appeal to the people or to popularity. When a distinction is made between the two, ad populum is construed narrowly to designate an appeal to the opinions of people in the immediate vicinity, perhaps in hope of getting others (such as judges) to jump on the bandwagon, whereas ad numerum is used to designate appeals based purely on the number of people who hold a particular belief. The distinction is a fine one, and in general the terms can be used interchangeably in debate rounds. (I've found that ad populum has better rhetorical effect.)

Argumentum ad populum (argument or appeal to the public). This is the fallacy of trying to prove something by showing that the public agrees with you. For an example, see above. This fallacy is nearly identical to argumentum ad numerum, which you should see for more details.
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COVID-19, Donald Trump And The False Dilemma Fallacy

Donald Trump has a unique rhetorical style. Linguists have highlighted the simplicity of his manner of speaking, which contains short sentences, a narrow vocabulary, and words with low syllable counts. Other scholars have noted that like a novice poker player whose unconscious habits divulge the strength of his or her hand, Trump has several tells that signal his impending dissemination of a false narrative, including such tipoffs as assertions that “a lot of people are saying,” “many people don’t know,” and “nobody talks about.” Still other commentators have discussed his taunting, gaslighting, dog-whistling, and magical thinking. Far less attention has been given to Trump’s use of dilemmic arguments, even though they impair efforts to cope with pressing public policy problems, such as the coronavirus pandemic.
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As children or teens we all likely at one time or another tried to convince parents when our pleas were couched in phrases like "everybody's got one," or "everyone is going." Some of us still do.