No. of Recommendations: 18
It's not clear (to me anyway) that layoffs are per se a bad thing, individually or in the aggregate, if the reason for them is that companies are increasing their efficiency in producing goods and services at a profit.
Any evidence that this is what's happening, though? Because layoff are also an indication that the number of jobs is shrinking, which can be a very bad thing - especially if that's happening because employers are having trouble filling positions at a wage that makes the business function.
If you're running a farm and your supply of workers dries up because the Administration's policies have removed a million people from the workforce, you might replace those workers with other ones - or you might not be able to and instead end up having to close down the farm or reduce your output. Both of those are possible outcomes (among many others). Generally speaking, layoffs are typically considered to be a negative sign for the overall health of an economy, so absent some reason to suspect that these are the "good kind" of layoffs, it is troubling that they are happening at this level.
