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Why Big Tech Loves To Lay Off Workers

“We have a strong economy,” Jerome Powell, chairman of the Federal Reserve, told Scott Pelley of 60 Minutes on Sunday’s broadcast. “Growth is going on at a solid pace. The labor market is strong: 3.7 percent unemployment. And inflation is coming down.” The interview was taped three days before it aired, depriving Powell of the opportunity to add that the economy created 353,000 new jobs in January. Powell might also have mentioned that Gross Domestic Product rose 3.3 percent in the last quarter

The Perverse Cruelty of Big Tech Layoffs

Once capitalism’s signal that your company was failing, under today’s deranged rules it’s capitalism’s confirmation that your company is red hot.

The Abandonment of Cities and Towns in the Heartland

"It is time to face the fact that America turned its back on these communities and workers in support of free trade and shareholder value."

The Abandonment of Cities and Towns in the Heartland

"It is time to face the fact that America turned its back on these communities and workers in support of free trade and shareholder value."

Sometimes Factories Move Abroad. That's OK. - Foundation for Economic Education