#high-income-job-contraction

#high-income-job-contraction

The Federation of Malaysian Business Associations stated that a blanket work-from-home policy could cost the Klang Valley hundreds of millions of ringgit a month, emphasizing that these losses are expected to be 1.9x to 2.9x higher than the projected savings of widespread work-from-home arrangements.

Canada's economy added a modest 14,000 jobs in March, following major job losses during the first two months of the year, with the unemployment rate unchanged at 6.7 percent.

The report contends that the lower rungs of the middle class shrank because more Americans got richer, with 31% of families classified as upper middle class in 2024.

Disney is reacting to intense competition from Amazon and YouTube in the tech and streaming spaces, with up to 1,000 employees expected to receive their pink slips.

Typical of Trump, he is boasting about the performance of the U.S. economy in the most hyperbolic terms. He even declared that his economy is 'the greatest ever in history' in a recent interview on Fox Business Network. He points to the stock market and allegedly low inflation to back his claim.

The average perceived probability of finding a job if one's current role was lost fell to 43.1% in December 2025, a 4.2% drop from the year before, according to recent data from the Federal Reserve Bank of New York. It marks a record low since the surveys started tracking the data back in 2013, and the report notes that several demographics are driving rock-bottom employment expectations.

Last summer, Bank of America Research predicted a " sea change" in the economy as companies showed increasing signs of learning how to be productive with fewer workers, putting process over people. Six months later, analysts see another year of growth-in GDP, not new jobs. It rhymes with another projection, from Goldman Sachs, that " jobless growth " could become the new normal in the 2020s.

The prosperity of this top cohort is not driven by wage growth. While their wages have risen, they have stagnated relative to the explosive returns on capital. Instead, their consumption is driven by the "Wealth Effect." New analysis shows that 70% of recent economic growth is now driven by just 20% of earners. These consumers aren't spending wages; they are spending paper gains tethered to a market bubble.