The feature of the current Corporation mass sackings is #WhiteCollar. Remember though:

“Layoff rates in these white-collar industries are still historically low, at 1% of total employment in November, according to the Labor Department, compared with 0.9% in February 2020”

There is a shortage of #BlueCollar workers due to demands in #manufacturing, leisure, #hospitality and #retail. (US bias)

“Even so, many blue-collar workers might fare better than they did in previous downturns.”

White collar workers, still think Unions are a stupid idea?

#WSJ / #SarahChaneyCambon / #professionals / #recession <https://wsj.com/articles/as-white-collar-layoffs-rise-blue-collar-resilience-faces-test-in-2023-11673132989>