The U.S. economy is booming. So why are tech companies laying off workers?::undefined

  • Cethin@lemmy.zip
    link
    fedilink
    English
    arrow-up
    30
    arrow-down
    1
    ·
    9 months ago

    Layoffs hurt GDP generally, but GDP doesn’t really care as long as “value” is created elsewhere. Like you said, none of the measurements they use care about the median income. It’s usually just generic measurements of “value” that don’t mean anything for the people of a nation.