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Cake day: June 18th, 2023

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  • Companies are able to add this many jobs even with higher interest rates because they are still flush with cash from decades of low interest rates, lobbying, income inequality and PPE loans.

    Raising interest rates forces companies to spend their own capital to add these jobs instead of using money that the Federal Reserve prints to keep the interest rate low.

    Raising interest rates sucks in the short term but it is required in the long term and severely overdue.

    We can’t print free money forever just to have low interest rates.



  • drewdarko@kbin.socialtoMemes@lemmy.mlsooo....
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    9 months ago

    I’ve been an Automotive Technician for a couple decades now and I can safely say combustion engines have way more parts that fail and if you can use a youtube video to diagnose your ICE (very rarely is this possible) then you’re smart enough to do the same with an EV.

    There is way less parts on an EV and they are way easier to fix.