TechnologyTech layoffs and the labor participation rate
Fast Company says the labor participation rate is at 1970s levels, arguing that discussions of mass layoffs—especially in tech—focus on the wrong numbers.
TLDR
Fast Company argues that tech’s mass layoffs are obscuring a deeper problem: a labor participation rate it says is at 1970s levels. The publication describes AI as uncovering that problem and warns against ignoring it.
Tech layoffs and the labor participation rate
Fast Company says the labor participation rate is at 1970s levels, arguing that discussions of mass layoffs—especially in tech—focus on the wrong numbers.
TLDR
Fast Company argues that tech’s mass layoffs are obscuring a deeper problem: a labor participation rate it says is at 1970s levels. The publication describes AI as uncovering that problem and warns against ignoring it.