Recessions Benefit the Working Class!

I think a recession benefits the working class in a few different ways. Now, most people think, oh, I'm going to lose my job, there's less money. But also what it does is it opens up huge opportunities for entrepreneurship and for good employees to rise to the top. What happens is if companies are laying employees off, what they're doing is they're trying to find their best and brightest employees and going all in on them. So, if you're looking to get promoted or move up in a good company or move from one company to another, talent gets consolidated. Inside of a recession. The second piece is entrepreneurship. Because talent is being consolidated and companies— some companies are failing that are too overblown or mismanaged. What it does is it creates a fertile ground coming through and out of a recession to create incredible companies. If you look through the history of great companies that were built, a lot of them were actually built and scaled through recessions, and recessions were one of the best things that pushed them to the top, which is kind of cool.