Wait now, why do you think people will quit jobs because of fear of job loss? This was all too sensible until that turn.
I wonder if your comment is being downvote over that puzzling turn, or because people just don’t like the rest of the grim logic.
I think they meant that when people are afraid to lose their jobs, they spend less, leading to less demand for other people’s work.
A career or job that looks like it’s soon going to be eliminated becomes less desirable for that very reason. What cousin_it said is also true, but that’s an additional/different problem.
Current theme: default
Less Wrong (text)
Less Wrong (link)
Wait now, why do you think people will quit jobs because of fear of job loss? This was all too sensible until that turn.
I wonder if your comment is being downvote over that puzzling turn, or because people just don’t like the rest of the grim logic.
I think they meant that when people are afraid to lose their jobs, they spend less, leading to less demand for other people’s work.
A career or job that looks like it’s soon going to be eliminated becomes less desirable for that very reason. What cousin_it said is also true, but that’s an additional/different problem.