i doubt we would have seen 7-8% unemployment. the US wines when unemployment reaches 4%. Typically in recessions large companies lay people off to protect share price and free up cash. It's just an excuse to shareholders to let go some of the spending. If companies were to cut spending in a boom time shareholders would speculate that something bad was going to happen.
in recessions labor prices return to market value, and entrepreneurs like us can afford to hire talent.
the best indicator of an economic down turn is a cut in R&D, and from what I can tell engineering salaries are still increasing right now.
I think the thing to do, instead of bailing out homeowners with low interest rates is to provide a free education. we are in a full blown knowledge economy and EVERYONE will have to make the transition sooner or later.
in recessions labor prices return to market value, and entrepreneurs like us can afford to hire talent.
the best indicator of an economic down turn is a cut in R&D, and from what I can tell engineering salaries are still increasing right now.
I think the thing to do, instead of bailing out homeowners with low interest rates is to provide a free education. we are in a full blown knowledge economy and EVERYONE will have to make the transition sooner or later.