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.
The problem could be that there is no paycheck next time anymore.
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.
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.
Title gore.
Dammit i got excited for a second cause i thought there was another drop but I assume this is aboit a previous one.
