Comment by xphos
15 hours ago
Listen I am not even 30 yet its a big deal when an industry leader reduces work force by 1/4. It absolutely number yeah no company ever really matters but in agrogate the little loses can be devistating for the people and the boarder economy. 4M Boomers retire is a problem if we cannot replace them and want the same set of services as before. Not nearly as many people are entering as leaving right now which makes wage pressure up but if there isn't people the business moves.
I don't really think DSA had much that would help the economy beside the basic mainstream democrat tastes. Democrats generally speaking want less monopolies, better healthcare insurance (mostly a public option) and reasonable taxation but the DSA takes things to 11 with just politically unviable rhetoric in my opinion. But most of all, I think the ideas from the DSA that work doesn't matter as long as people are taken care is likely to cost a lot people.
The Mechanic takes pride that he can fix stuff. The engineer takes pride that they can design a system. Doctors take pride that they are the reason people don't die. If you take away pride you harm a lot of people this is arguable what got the democrats (republicans voted for this too) where they are today in that they embraced Free Trade regardless of the cost. It created a rust belt that is brain washed into blaming Democrats for 100% of the harm. Fox news helps in accomplishing that that too but I think a lot of the DSA is steeped in that MAGA like style of never engage in what harms the ideology thinking and that spooks me away from that group agressively.
Enron saw 20k workers let go in 2001, Arthur Andersen saw 85k jobs evaporate when they collapsed in 2002. Yellow Corporation caused 30k union freight jobs to be lost when they failed in 2023. 33k Toys "R" Us workers lost their jobs when the company liquidated in 2017. These events happen, and the economy will carry on. Notably (and for comparison and counterexample purposes), the US. government bailout of General Motors (GM) in 2008 and 2009 saved an estimated 1.2M jobs (with up to 2.6M total jobs preserved across the broader auto industry and supplier network in 2009 alone), according to studies by the Center for Automotive Research. When we want to save a lot of jobs, we can when there is political will.
There are labor shortages throughout the developed world, due to structural demographics. This will not change in our lifetime due to global demographic trajectories. This will push wages up. This is good. Wages paid are shareholder returns not paid.
https://news.ycombinator.com/item?id=44866621 - August 2025 (400 comments)
The Great Demographic Reversal: Ageing Societies, Waning Inequality, and an Inflation Revival - https://news.ycombinator.com/item?id=48781479 (citations in subthread)
Can you stop big companies from making these cuts? No, at least not without unions and laws to make it harder. So, in the short term, help these people land softly and in the long term, build better systems so that people who want to contribute have some place to from a place of economic security. That’s it’s. Feelings are irrelevant, only outcomes matter (imho).