this post was submitted on 19 Mar 2025
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Yeah, but a lot of people were being laid off before as well, weren't they?
Yes, but it’s significantly worse in an actual market crash.
People suck at gauging risk. The only question is whether people have to deal with the threat of losing their job or not. Nobody thinks "how safe is my job in quantitavie terms", it's more "do I feel my job is safe". More people may flip on the second in a market crash, but it doesn't change anything for already insecure people.