All we have worked hard to gain this past year could be uprooted by the potential oncoming recession, if companies start laying off mass employees, causing another downturn in desperation.
I am not a career economist, but I do like to study economic trends in my spare time. All signs point to a 1970's style Stagflation-based recession potentially knocking on our door. In the 70's, the Govt's solution to fight the stagflation after raising interest rates was to deregulate the private industries, giving them even more power over the workforce to increase production in a time when demand was lowered due to rise of interest rates. (This was to give the market a chance to catch up with supply/demand). The second scapegoat was more manufacturing overseas to lower production costs, thus lowering inflation.
Guess who was hit the hardest at this time? Labor unions, completely annihilated as both the Govt nor the private market gave a rat's ass, insisting wage improvements was a “reason” for the recession as well. All these higher paying, remote jobs we are fighting to get? This better quality of life? It is on the verge of collapse until we analyze this oncoming chaos and set up a risk-mitigation.
TL/DR: Oncoming stagflationary recession could cause layoffs, lower wages, and deregulation in industry to fight inflation further. All we have worked for could be challenged. WE SHOULD BE DISCUSSING THIS.