this post was submitted on 27 May 2026
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They were the start of it, but they didn't account for all of it. And, to be clear, it's very much an over-correction. As usual they're going to swing too hard in the opposite direction figuring that everyone else is doing it too, so if they have to hire people back, well they'll be doing it in a flooded labour market so they can probably just re-hire the same people for less money.