So, economic talk here. Please do chime in with your ideas.
Interest rates rising is expected to lower demand, and give supply a chance to “catch up”. I get it.
The Federal Reserve asks companies to implement hiring freezes, and companies will most likely look at limiting or completely dissolving tech-based, cushy jobs first. They are also blaming higher wages as well on inflation (not my words, theirs).
Production jobs will still be in high demand (warehouse workers, manufacturers, etc.). With the amount of people trying to get out of production-based blue collar work and/or trying to get paid more for it, you can see this may be a terrible year we will head into.
If what the Fed and companies want comes true, you will see shitty “essential” jobs rise, remote-work based tech or office jobs fall, and wages go down- all to increase production and supply and tackle inflation.
Are you ready for the revolution?