Fears over the state of the labor market hurt consumer confidence in February, according to the Conference Board Consumer Confidence Index.
I think this is a combination of inflation and employers wanting people to return to the office.
I am excited for people to return to the office as it means I can earn a lot more money.
I'm never going back to the office. Working from home is convenient and doesn't waste my time commuting, so I get more work done. All my startups have been remote as well; unless there's something about your work that requires physical presence, office space is a waste of money.
The only people who want to argue with that are those who own commercial real estate. Maybe they should pick better investments instead of expecting us to bail them out 🤷
The only people who want to argue with that are those who own commercial real estate
Well, that isn't true at all. I know many people who want to return who don't own commercial real estate.
I work in sales and people in offices means more sales for me. Over the past six months, I have seen a large push for people to return and fewer jobs available for those who don't want to return.
Strange, you claimed to be a doctor in another thread. Whatever, I didn't say nobody wants to go back to the office, I said it's unnecessary and a waste of money if your work doesn't require physical presence.
Edit: actually, not whatever. I figured you for a liar and a shill months back since you spout nothing but GQP sound bites and don't actually engage with what people say; you just went and proved it to my satisfaction. Enjoy your shiny new block 🤡
There is nothing in the article that supports the headline. As far as I can tell, it's just another way of saying 'Americans are worry about the economy'.
I'm specifically worried about jobs, though. We need more jobs with better conditions and higher taxes on them. That sounds like a recipe for disaster, but that's only true if we continue to allow the 1% to own more than the entire middle class. An excess of private wealth necessarily leads to an excess of public squalor.
That isn’t true at all. The ultra-wealth, like Elon or Bezos, is not the reason you are poor. Their wealth is paper wealth.
For private individuals who cannot print money and cannot effect the rate that a government prints money, the economy is a zero sum game. So the rich hoarding wealth directly impacts and impoverishes the rest of us.
Do you think Elon could convert his stock to that much cash? He can’t.
Peepin made the claim, and supported it saying that the 1% own more than the entire middle class. You dismissed that, and demanded a high level of evidence for a different claim, the claim that [all the]* stock can be converted to cash.
But that wasn't the original claim. Owning stock is still a form of owning wealth, even if it isn't perfectly liquid. Peepin's claims of the 1% owning more than the middle class is true.
I'm no economist but I'd put this as consumer confidence falling after all the post holiday layoffs in tech finally went through. A very slight downward trend in confidence compared to the very slight optimism of the last 3 months. The unemployment rate and inflation rates have held steady so i think numbers will bounce back next month as it doesn't seem to be based on actual market conditions.
The unemployment rate and inflation rates have held steady so i think numbers will bounce back next month as it doesn’t seem to be based on actual market conditions
I don’t think they will. Companies are going gang busters with layoffs. The real question is why when sales, etc seem fine. I think it’s to push people back to the office but I could be wrong.