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E103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
All-In with Chamath, Jason, Sacks & Friedberg
COVID Is Not the Right Way to Think About Labor Force Numbers
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People are finding other ways to earn income that doesn't qualify and show up in the labor force numbers people have set up Etsy stores Shopify stores have tripled since COVID. Uber and Dara had they grew over 70% this year but I think the big number that I watched for was drivers are making $36 an hour in the United States working for Uber. The amount of money that individuals are earning is probably the better way to frame this up going forward, he says.
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