EPISODE · Oct 4, 2022 · 12 MIN
⚠️ Crashing the Job Market ⚠️
from The Causey Consulting Podcast
When CBS News reports that The Fed wants to crash the job market and INCREASE UNEMPLOYMENT, it's worth taking note."With an additional million or two people out of work, the newly unemployed and their families would sharply cut back on spending, while for most people who are still working, wage growth would flatline."In other words: a lot of people will be unemployed and those who still have jobs will see their wages stagnate. IMO, you have a window of time to prepare for this reality and being naïve about it is not a great idea.You can read the entire story here:https://www.cbsnews.com/news/fed-interest-rate-hikes-unemployment-increase-layoffs-inflation/Need more? Email me: https://causeyconsultingllc.com/contact-causey/
What this episode covers
When CBS News reports that The Fed wants to crash the job market and INCREASE UNEMPLOYMENT, it's worth taking note. "With an additional million or two people out of work, the newly unemployed and their families would sharply cut back on spending, while for most people who are still working, wage growth would flatline." In other words: a lot of people will be unemployed and those who still have jobs will see their wages stagnate. IMO, you have a window of time to prepare for this reality and...
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⚠️ Crashing the Job Market ⚠️
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