"Soft landing" is the magic term for this month rather than "crash;" I hope that's really in the cards vs. just trying to keep everyone from panicking.

Anyway here's the underlying data, available workers per job opening:

https://www.bls.gov/charts/job-openings-and-labor-turnover/u...

disclaimer: economics seems to be a powder keg these days even here so I'll note I am not making an argument, just saying what I remember from the FOMC comments. I know, there's U1-U6, various factors not in the numbers, the gig economy, "well maybe they should just pay more", etc.

Lots of policies inevitably lead to more unemployment. This just happens to be an issue where you noticed. Also, I wouldn't call the Federal Reserve "politicians", as they are appointments which ultimately act-first, then rationalize with whatever politicians happen to be in office.

It's a terrible feedback loop that can occur in a tight labor market such as this. Higher inflation --> higher wage demands --> higher business expenses --> higher inflation

https://twitter.com/camdenmitchel13/status/15255250236744663...

Once the recession comes, tech workers will be put to the test whether our self-assumed irreplaceability will continue to provide enough leverage against management dictates such as the pullback of remote work. At that time many of us will be wishing that we had taken this opportunity to do a little organizing.