Americans are getting replaced by offshore workers. Google just announced another mass layoffs and offshoring jobs to India, Dublin, and other places. The inflation Biden has caused is fueling that trend. It costs Americans billions of dollars. If you wanna say Trump is to blame for then I tell you youâre totally wrong. The US deficit under Obama 5% (no pandemic) Trump 6.5% (pandemic) Biden 9.5% (pandemic end, mostly no pandemic) How many tech jobs died under Trump? Barely any. How many wars did he start? Zero! How many conflicts got us Biden in? How did we left Afghanistan? Itâs ridiculous Under Biden itâs a totally different story. Inflation is so bad that the FED is forced to postpone rate cuts and even worse, is entertaining even more rate hikes. The FED tries to reduce inflation while Biden is handing spending money line crazy, and handing checks to everybody. Covid checks, stimulus checks, student loan forgiveness checks, billions in subsidized businesses, etc. Government debt under Biden skyrocketed to unseen levels. Buckle up! And if that werenât enough then Bidenâs new Tax Plan tops everything. He not only wants to raise taxes because of his spending spree but eliminate a huge retirement savings benefit. This old senile men and his party for the entitled rich is dangerous for Americaâs prosperity!
Also tax code 174⊠we r pretty fuqed
I know tech job market sucks big time. I havenât seen this in 2008.
Do you know how much money was printed between 2008-2020??? Do you think increasing interest rates is avoidable rn?? Do you know what would happen if they didnât increase interest rates?? Do you know the amount of junk startups/businesses that rose because of not increasing rates sooner? Tell me you donât understand economics without telling me you donât understand economics. (Im not saying I love biden and I donât think he has managed it perfectly, I agree with you on that. But your post is rather simplistic and misleading)
I so deeply agree with Emq. Economies are not âcause and effectâ in a matter of days. Stuff that happens years ago finally catches up. You make it seem like one decision suddenly has an effect weeks later . Economist usually wait until 4-5 years after an economic plan to say weather it helped or not.
Just make sure the people who work in tech have a job with a normal pay. Thatâs not the case. I am a US citizen. Did my second masters in GTech - CS - ML, I canât find a job for 4 months. I am expecting a normal salary and a good health insurance. TBH I havenât see this terrible job market even in 2008. Not going to vote for Biden.
đ€Ą
That's you.
đȘ
Well, the Fed has been contracting the money supply for the last two years, which obviously is what they should be doing and have done.
So in other words, you don't know the difference between debt and money supply.
Is the loss of offshore jobs considered a bad thing for the president to cause? I thought Americans wanted to keep jobs in America and discourage offshore workers.
India
Yesterday
567
Modi is a legend, will be remembered for centuries to come
Tech Industry
Yesterday
1348
The end of Backdoor Roth?!
2024 Presidential Election
Yesterday
621
Heartwarming peaceful protests
India
Yesterday
634
Who are these retards asking for dictatorship in India?
Tech Industry
Yesterday
568
Will job market ever recover?
What did Biden do to cause inflation?
Can you read? Do you understand basic economics? I help you once again: Source: CNBC