It is good that people are paying attention to this problem, but unfortunately not in time to correct the problem before consequences get bad.
Hysteresis is a bitch.
This study showed that early career workers of which they only focused on the 22-25 range had a ~20% drop in employment between 2022 and now. If you include the 26-30 range which includes most early-career that's roughly ~30% less jobs, from the Payment Processors perspective.
The study doesn't seek to cover other impactors such higher costs on the labor pool, and interference in employment matching, which are also of great concern.
30% after shock normalization is well beyond statistical significance. This is happening, people said it would happen, and no one acted to stop it because they listened to evil people seeking short-term profit; blind to all else.
Sad and dark times are ahead. There are things that can be reasonably predicted ahead-of-time, but the moment you give preferential treatment to liars is the moment you lock in losses. Sure the data proving the prediction will come, but not in time to take corrective action; such is the structured cascading failures involving hysteresis.
Hysteresis is a bitch.
This study showed that early career workers of which they only focused on the 22-25 range had a ~20% drop in employment between 2022 and now. If you include the 26-30 range which includes most early-career that's roughly ~30% less jobs, from the Payment Processors perspective.
The study doesn't seek to cover other impactors such higher costs on the labor pool, and interference in employment matching, which are also of great concern.
30% after shock normalization is well beyond statistical significance. This is happening, people said it would happen, and no one acted to stop it because they listened to evil people seeking short-term profit; blind to all else.
Sad and dark times are ahead. There are things that can be reasonably predicted ahead-of-time, but the moment you give preferential treatment to liars is the moment you lock in losses. Sure the data proving the prediction will come, but not in time to take corrective action; such is the structured cascading failures involving hysteresis.