Part 4/9:
With the economy showing signs of distress, Booth questions whether the sector will rebound as expected following an election. The reliance on hope for economic recovery does not suffice, and real growth in hiring must manifest for optimism to hold water. Companies must transition out of a cost-cutting mindset to actively hire and invest, yet the current trend points toward hiring freezes and issues related to artificial intelligence replacing workers.
The implications of maintaining a high-interest-rate environment in conjunction with inadequate job creation underscore a significant risk for economic stagnation.