alt Hacker News>> No one has the resources left to pay for it
Record profits reported by tech companies says the opposite. Money are there, but no will to spend them on people.
We had multiple layoffs recently so parent company could report a billion USD in quarterly profits.
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mschuster91 • today at 1:35 PM
... which was needed because no/less profit can and does send the stonk price tanking. That's also a "there are no resources left to do the right thing" - the stonk market dynamics are a part of what is eating our economies alive.
> Record profits reported by tech companies says the opposite. Money are there, but no will to spend them on people.
And you buy things/services from these major tech companies, but in return they buy nothing from you.
The circular stream that was "supposed to be" capitalism is broken.