eli5 How does recession slow down job recruitments?

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I’m a 2024 postgraduate. People keep saying that my chances of getting hired is severely affected by recession. Is recession happening? If yes, how is it affecting me as an individual looking for jobs?

In: Economics

5 Answers

Anonymous 0 Comments

Simply put, instead of companies wanting to hire people, they want to let a few people off, and those people once let off will be competing with you for jobs, which in turn means not only are your options scarce, wages are lower and standards higher for any potential position.

We’re in a very weird point in economics, things don’t happen the way they used to so it’s hard to say if there even will be a recession.

That being said, this is an election year, and politicians are doing everything they can to make bunnies feel safe and comfortable. Get on the floor now while the honey flows, take advantage of the fact many speculators feel things may actually get much better in the coming years, and get ahead of the newcomers in front of you who will be the first to be redundant.

A bunny doesn’t have to be faster than a fox, it has to be faster than the slower bunny.

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