This is mostly a result of utter incompetence and irresponsible spending during the pandemic. Economy got pumped with cheap money and there was always going to be a day when the gravy ends. Doesn’t help that tech over hired and poured funding in just about anything.
I’m calling it right now, AI will see the same crash within a few years.
see the 5Y chart https://tradingeconomics.com/united-states/employment-rate
With you on the AI crash.
All of this is representative of, IMO, late stage - and nearly population wide - burnout due to an incredibly long ‘up and to the right’ period of economic growth coupled with high stress (from COVID) when it would otherwise be slowing down, and extreme emotional manipulation by those too afraid to look down and have it end. Which isn’t just from ‘the rich’, BTW. I’ve seen that manipulation from a portion of all segments of the population.
That's the blame shifting GP was referring to. It actually means "doing only what you're paid to do" instead of the "work is family" unpaid overtime trend that had been becoming common.
It’s a wide spectrum.
But yeah, folks stopped busting their ass to do stuff that wasn’t even in the job description - the horror.