This article was originally published by Michael Snyder at The Economic Collapse Blog.
If half of the firms in the entire country really do cut jobs over the next year, what will our economy look like afterward? All over America, companies are anticipating that a major economic downturn is coming in 2023, and a lot of them are already planning to shed workers in order to cut costs.
Of course, this sounds so much like what we went through back in 2008 and 2009. Millions of Americans lost their jobs during the “Great Recession”, and it was truly a very dark time in our history. So are we right on the verge of seeing a repeat?
Let’s hope that isn’t the case.
Unfortunately, a brand new survey that was just released has discovered that 50 percent of all U.S. companies plan to eliminate jobs within the next 12 months. The following comes from CNBC…