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View Diary: Economics Daily Digest: How democracy became a luxury good (4 comments)

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  •  The Real Unicorn is that companies need workers (1+ / 0-)
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    No CEO in his right mind would say that his company doesn't need any new hires--it would cause the stock to plummet instantly, because that would indicate to the market that the company in question is contracting rather than expanding.  Yet wholesale layoffs are common, to create "efficiency", when what is really happening is that consumer demand is contracting and automation both software and robotic are getting more advanced.

    New hires are no longer needed in most industries, but everyone is lying when asked.  Until the economy and consumer demand pick up, multinational companies are in a holding pattern when it comes to hires.  Liars, all.

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