Getting A Raise Just Got Even Tougher
Published: 2024-05-13
Status:
Available
|
Analyzed
Published: 2024-05-13
Status:
Available
|
Analyzed
Predictions from this Video
Incorrect: 0
Prediction
Topic
Status
In May 2024, there are approximately 1.3 job openings for every unemployed person in America, indicating fewer opportunities compared to two years prior.
"fast forward now to May of 2024 today there are about 1.3 job openings for every unemployed person in America"
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Wage growth in America is cooling down.
"recently wage growth in America is also cooling down"
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Recession fears are a key driver of rising layoffs as companies cut back on employees.
"the main two drivers of the layoffs that we're seeing now the economic side is pretty self-explanatory if people are worried about a recession then they might start cutting back some of their employees"
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Artificial intelligence, alongside recession concerns, is a primary driver for increasing layoffs.
"artificial intelligence in other words a recession and artificial intelligence are the main two drivers of the layoffs that we're seeing"
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Corporate bankruptcies in the US reached their highest level in a year as of May 7, 2024.
"on May 7th 2024 we got some new data showing that corporate bankruptcies in the United States hit their highest level in a year"
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Corporations significantly refinanced debt in 2020-2021 when interest rates were at historic lows.
"every corporation with debt refinance in 2020 and 2021 because that's when interest rates were at their lowest levels ever"
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US corporations hold between $1-2 trillion in debt that is beginning to be readjusted in 2024.
"businesses have more than $1 trillion close to $2 trillion worth of debt which is now starting to readjust in 2024"
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Sustained higher interest rates will lead to increased business operating costs.
"if interest rates stay higher for longer you can expect that these higher interest rates are going to mean higher costs to do business"
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Consumers are beginning to make spending decisions that involve cutting back on expenditures.
"what we just starting to see is that people are starting to now make some spending decisions which include cutting back"
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Consumer costs have been increasing at a faster rate than their incomes.
"people's costs rose faster than people's incomes"
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Inflation has been accelerating throughout 2024.
"in 2024 don't forget that inflation has been accelerating not decelerating"
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In May 2024, there are approximately 1.3 job openings for every unemployed person in the US, indicating fewer opportunities compared to two years prior.
"fast forward now to May of 2024 today there are about 1.3 job openings for every unemployed person in America"
Pending
Corporations with substantial debt may face problems if they cannot generate sufficient revenue when their debt obligations are readjusted.
"when you have a lot of corporations that are sitting on huge piles of debt that's going to be a problem when the debt starts to readjust if that company isn't making enough money"
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McDonald's reports that low-income consumers are beginning to struggle financially.
"McDonald's says that lowincome consumers are starting to crack"
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Wage growth in America has been falling rapidly.
"wage growth in America which you can see is that recently wage growth has been falling very quickly"
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Contrary to normal economic patterns, discount retailers are not currently experiencing a boom during tough economic times.
"normally when you start facing tough times in the economy the discount retailers are the ones that start to see the biggest boom but that's not what we're seeing happen right now"
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The two main drivers for rising layoffs are concerns about an economic slowdown and the impact of artificial intelligence.
"these two reasons are number one worries about an economic slowdown and this economic slowdown and then number two is artificial intelligence"
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Dollar stores are facing struggles and downsizing, rather than growth.
"even if you take a look at what's happening with dollar stores dollar stores are struggling instead of growing and you're seeing them downsize"
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As of May 7, 2024, corporate bankruptcies in the US reached their highest point in a year.
"on May 7th 2024 we got some new data showing that corporate bankruptcies in the United States hit their highest level in a year"
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The period of corporate debt readjustment has just begun in 2024 and has not yet reached its full impact.
"this Readjustment period hasn't really hit full force yet 20 24 is just the the beginning of this Readjustment period"
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Consumers are beginning to make spending decisions that involve cutting back on expenses.
"what we just starting to see is that people are starting to now make some spending decisions which include cutting back"
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Consumer costs have been rising at a faster rate than their incomes.
"people's costs Rose faster than people's incomes"
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Inflation has been accelerating in 2024, not slowing down.
"in 2024 don't forget that inflation has been accelerating not decelerating"
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In 2024, the availability of jobs and income growth are decelerating, while inflation is accelerating.
"the amount of jobs out there have been decelerating the amount of money people are making has been decelerating but inflation has been accelerating"
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McDonald's reports that low-income consumers are beginning to struggle financially.
"McDonald's says that lowincome consumers are starting to crack"
Pending
Dollar stores are experiencing struggles and downsizing, indicating a shift away from seeking cheaper alternatives.
"even if you take a look at what's happening with dollar stores dollar stores are struggling instead of growing and you're seeing them downsize"
Pending