There will always be a business cycle, and white-collar workers will get hit in the next recession like they always do in recessions.
Sentiment: NEGATIVE
There are always, of course, job losses of a cyclical nature in a recession.
With every year that passes, the more we have to be careful not to forget the causes and consequences of the Great Recession.
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
A recession is predominantly for the middle class. Where I come from, the majority of people have always lived in a recession.
Jobs will come back when the economy recovers, but they will never be the same.
Folks in the bottom half of the economy are already squeezed hard. They will be bloodied and bankrupt if economic policy inadvertently induces a recession.
It is indeed true that the stock market can forecast the business cycle.
Not every business cycle has a financial crisis. Frequently they do.
Every time there is a recession, consumers will typically be more cautious, more conservative, take more time, and make more serious price-performance trade-offs.
On Wall Street, financial crisis destroys jobs. Here in Washington, it creates them. The rest is just details.
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