There is an argument to be made that having secure high paying government jobs harms other sectors by taking employees and raising average pay, forcing them to keep up. We aren’t anywhere near that being an issue though, but there is a limit where more government jobs can make recovery harder, when other sectors go out of business competing with it and there’s nowhere for anyone to go once the government jobs close.
Comment on NASA's Jet Propulsion Laboratory to lay off about 550 workers
boonhet@sopuli.xyz 1 day ago
Thing is, when the economy is already going downhill… You ought to increase government spending instead of reducing it. It puts more money in the economy. More people with jobs also spend more money at businesses that employ people.
Cethin@lemmy.zip 11 hours ago
jubilationtcornpone@sh.itjust.works 1 day ago
Well unfortunately the President of the United States is bad at business and the Republicans are …Republicans. The only thing that matters to either are rich people.
GorGor@startrek.website 13 hours ago
He is a moron to be sure, but crashes like this make opportunities for those with means to gobble up the big stuff cheap. Sure ground beef is expensive as fuck right now but I bet the wagu steak hasn’t changed nearly as much. Hell when the economy is going well the rabble want a taste of the good stuff. Better to keep them in their place.
boonhet@sopuli.xyz 23 hours ago
Oh I know, I’m just fully enjoying the irony of watching the man who was supposed to lower the grocery prices make fewer people be able to afford groceries.
baggachipz@sh.itjust.works 21 hours ago
While simultaneously increasing grocery prices.