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Why Big Tech's Jobs Bubble Burst. Plus, SBF's Scandal Deepens.
Plain English with Derek Thompson
What Is Going on With the Tech Sector?
There's a discrepancy between massive layoffs at big tech and an unusually low unemployment rate throughout the rest of the economy. This is a profoundly weird flippening of the 21st century economic norm that we've come to know and understand, he says. The US labor market seen is by some measures very strong and yet the tech and media industries are the ones that are bleeding.
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