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How to Define a White Collar Recession
Job postings for individuals with minimal levels of education went through the roof. That number is now negative. We've seen a full replenishment of the deficit of workers that we had in the lowest skilled, lowest paying jobs. The biggest bills out there are among those who would be considered a white collar profession. They're about to get shellacked if they don't have a job and pay too much for their car loan or mortgage.