- cross-posted to:
- memes@lemmy.ml
- cross-posted to:
- memes@lemmy.ml
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I got laid off from my most meaningful job (Fred Hutchinson Cancer Research Institute) because of cutbacks resulting from the 2009 “Savings and Loan Crisis” - which happened to occur while the grant that paid for my job was being renewed.
I got laid off from my most fun job (World Opponent Network, a spinoff of Sierra Games) because of cutbacks when the parent company lost a shareholder lawsuit after some executive fuckwads cooked the books to manipulate the stock price.
The big-money people don’t care what kind of shit rains down on the peasants. Their world revolves around having more money they don’t need than they had last year when they also didn’t need it.
How does one come to work at both a cancer research institute and a game development company? That’s quite a diverse set of skills
Can’t be affected by the dollar crashing if you don’t have any dollars 😎
What crash? S&P has been up today and for the week. That’s not a crash. A slump maybe, but so far line keep going back up.
Down over 7% for the month, which is supposed to be the average annual return over time. Idk about “crash”, but it’s definitely volatile right now.
Up 10% from last march though, so really we’re just seeing a market correction
Dammit i got excited for a second cause i thought there was another drop but I assume this is aboit a previous one.
Line goes down and you are out the door. Line goes up and you get jack shit. Isn’t the stock market so great and normal?
That’s just a strategy problem. You have to have the gut to ride out line going down.
Title gore.
Stock market crash means a lot of people lose their jobs, including people living paycheck to paycheck
I think the point is - scary threat isn’t scary, because such people already feel the constant threat of poverty every day. Being regularly pumped full of cortisol over worries of simply surviving, there are no fucks left to give when additional threats are piled on.
Yeah, but a lot of people were being laid off before as well, weren’t they?
Yes, but it’s significantly worse in an actual market crash.
People suck at gauging risk. The only question is whether people have to deal with the threat of losing their job or not. Nobody thinks “how safe is my job in quantitavie terms”, it’s more “do I feel my job is safe”. More people may flip on the second in a market crash, but it doesn’t change anything for already insecure people.
The problem could be that there is no paycheck next time anymore.
That’s the problem every paycheque when you’re living paycheque to paycheque, no?
i think i’m getting old. welcome to your first financial hardship, though. you picked a doozie.
This will be the third or fourth “once in a lifetime economic crisis” I’ve lived through in my lifetime and I’m barely 30.
The 2007 crisis never ended. It’s just more and more bailouts now, nothing was meaningfully fixed.
This will be my 3rd. But the first one mostly influenced my parents. We just felt shitty when our parents couldn’t afford anything for us during Xmas. That was also the time my parents told us Santa wasn’t real which made sense why the asshole in class always got the good shit.
