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The layoffs at Tesla show that white-collar workers are screwed, predicts hedge funder famous from ‘The Big Short’

The layoffs at Tesla show that white-collar workers are screwed, predicts hedge funder famous from ‘The Big Short’

Michael Burry said on Tuesday that the U.S. labor market is about to be sliced in half, with blue-collar workers remaining a sought-after commodity, while white-collar workers see job losses and falling wages. In other words, the good times are ending for office workers. “I see a bifurcated labor market developing as unskilled and semiskilled remain in short supply, but white-collar workers, having proven their redundancy during COVID, will find gross excess in the labor market, pressuring… Source link

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