The nation’s largest employers are doing a lot less employing lately. In recent weeks, Amazon announced it would cut 14,000 jobs , Paramount axed 1,000 people , Target let go of 1,800 employees , UPS said it will start a purge of 14,000 people with the aim of getting rid of 48,000 workers in total, and Meta laid off around 600 people from its AI lab. All that is happening as we enter the “jobless growth” economy , a world where no one is hiring but their profits keep climbing.

As the Wall Street Journal points out , many of the jobs getting hit at the moment are white collar work: office jobs that offer a relatively comfortable lifestyle and, typically, room for growth. But at the moment, the job market is stuck in “ no hire, no fire ” mode, meaning no one is coming in, no

See Full Page