At-will employment, which requires employees to go to the office, relocate away from home, and usually to states with limited workers rights is inherently broken. Employers are able to layoff employees at any time for any reason, with a very imbalanced relationship.
Best part is that if the company is big enough and the economy collapses under bad investments made by the same large companies, the government will bail them out. The employee on the other hand has to fight tooth and nail for the unemployment insurance scraps which we pay direct taxes for. The company of course doesn’t have to pay taxes because that will “kill jobs” even though they are the ones doing the layoffs. Voters are then convinced to vote for politicians who will slash unemployment benefits and ramp up more subsidies for the businesses which are laying people off and consolidating industries, reducing employment opportunities, making it so companies which do random layoffs have less competition, driving down wages for even more insecure positions.
It’s infuriating and someday we need to wake up and vote for politicians who will support a competitive capitalist economy, not this rigged system which we have now.
In order to keep this system employers push for political candidates who will manage the economy so it doesn’t get too good. They do this through idiotic policies like tariffs which slow down the economy in a way which hurts people who don’t have millions of dollars in the bank.
When the economy finally collapses under the strain the government ensures the big businesses who are doing the random layoffs will get an enormous amount of government money to keep them afloat to “save jobs” while everyone else gets scraps, if anything at all.
I do not believe that market cycles are natural. I think they are inherently political. The last recession under a democratic president was in 1980 under President Carter. That recession was caused due to monetary tightening by Paul Volcker.
The recession before that under a Democrat was in 1948 under President Truman. Just like in 1980 it was not due to any policy of the president, but due to the Federal Reserve increasing interest rates during an election year. It didn’t work in 1948 however since Truman defeated Dewey.
The 1945 recession was due to an influx of former soldiers coming home after Hitler committed suicide.
The 1937 recession was caused due to an attempt to quickly balance the budget before the economy was ready, and a tight monetary policy.
Are you noticing a trend yet?
The Democratic Party before 1932 was significantly different from how it has been since.
All but one recession under a democratic president is due to an overly zealous Federal Reserve tightening monetary policy during a presidential election year!
Every other recession since has happened under a Republican president. We have had 10 recessions under Republican presidents and 4 recessions under Democratic presidents since 1929.
Republicans engineer recessions to remove competition in the market. This drives wages down and profits up for the largest corporations.
They use Russian propaganda against their democratic opponents to win elections. The use of the internet by Russian bot farms are designed to elect meek and conservative leadership across the democratic world. These leaders are inherently fearful and weak. They hesitate to criticize Russia or send Ukraine enough aid to win. By preventing a Ukrainian victory they maintain their support of the Russian bot farms. They push up extreme politicians which prevents progressives from getting enough support to win.
The politicians who would fight to unrig the system, the heads I win, tails you lose system we have today becomes entrenched. Entrenched businesses make our jobs less secure. Our wages are lower than they would be otherwise. Even union jobs have little protection.
I’ve been looking for work for 3 months now. I’m tired. I’m hungry. The game is rigged. Visa restrictions mean that simply moving to another country for work is not an options. Russian propaganda has propped up right wing governments around the world. The economic impact of the Invasion of Ukraine is everywhere. It makes everything so much more difficult. We have it easy, we are not being killed in our homes by rockets at 2 in the morning.
Our politicians are weak and slow. We have the power to stop this. Our governments are corrupt.
Support Ukraine. Defeat Russia.