19 Comments
Jan 19Liked by kyla scanlon

I love Kylas smorgasbord of thoughts and chili peppers. So difficult to cite my most favorite excerpt but will stick with:

"If we can create a world where our people are taken care of, have a place to live, are not constantly worried about where the next meal is coming from - that’s net positive for *everyone*."

In short, an extremely informative overview of our dilemmas today in the economy and more information is always at least somewhat uplifting. Thanks Kyla

Expand full comment

Very Insightful! ☺

Expand full comment
Jan 19Liked by kyla scanlon

Thank you Kyla!

Expand full comment
founding

Ok! So being Mexican from the spicy north people ask me about how to handle spicy...I always tell them...wear gloves..thats it...peppers are hard for us to chop. So milk works ok cause of the Ph of milk, water or sparkling water just sloshes the pepper oil around...bread is also very good..or tortilla, whatever is handy

Expand full comment
founding

T-shirt idea "climb HARDER"... I worked at Target last year in the "sortation" ...it's an awful job and it's usually been awful pay....24 an hour is a mediocre salary for an awfully job...so marginally better. There is clear labor hierarchy, white college students become managers and folks of color be sortin

Expand full comment

I keep reading softness as sadness. There is sadness in the manufacturing sector. Maybe it’s just me, for now...

Expand full comment

All economists are excluding health insurance from consumer baskets. Is it on purpose?

Expand full comment

excellent! tremendous "expectations management" (another word for it...."economic propaganda") going on.

Expand full comment

I agree with almost everything you said. I think it’s important to note that companies didn’t just decide to charge more out of left field. Companies charge what the market will allow. Love it or hate it that’s the way it is. They were able to charge more, and people were willing to pay it bc everyone was flush with stimmie cash. So it all comes back to the fed/congress. If they hadn’t overreacted the excess money wouldn’t have been in circulation and those inflated prices would have never been possible to sustain imo. Just my $0.02.

Expand full comment

This is a great post! This isn't a recession as much as it is the end of record profits era. It's a correction. And much like hardliners say that people should have planned for tighter times, corporations should have told investors that 16% returns are not realistic and that some of the dividends will be held back for the sake of employees.

But also , Microsoft hired 40k in the last year, tech knows there are downturns and yet...

Expand full comment