A social revolution for the upper-income class in the United States
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It seems that the United States is on its way to a “rich session”. This means that even if the country survives the recession, wealthier citizens will feel more of the pain that economic uncertainty brings.
Why is this important?
Recessions usually affect the most vulnerable groups in society. But in the United States, another phenomenon is already happening, which is its cause Wall Street Journal It’s called a “rich session”. Citizens in middle and upper management in particular are hurting the most from layoffs, missing out on salary increases and being most affected by the decline in earnings that began last year.1 in 3 layoffs is in the tech sector, which hasn’t been easy to come by
in the news. In the United States, a third of layoffs are now recorded in the technology sector, which was not easily accessible. For example, on Meta (ex-Facebook), where the average salary is $296,320 per year.
- In other sectors too, higher paying jobs are being lost. At Ford Motor, the planned layoffs are mainly concentrated in the engineer ranks.
- Families earning $125,000 a year or more saw the number of filings
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