Yemani MasonCEO, Secure The Funding · CEO

We're in the strongest job market in the history 👌🏽💯

Name: We're in the strongest job market in the history 👌🏽💯
Uploaded: 2022-06-29T13:58:15+00:00
Duration: 58 s
Channel: Yemani Mason
Description: In this monologue, Yemeni Mason dismisses the relevance of cryptocurrency and stock markets, framing the current economic downturn as a routine, healthy…

29 Jun 2022 · 1 min

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In this monologue, Yemeni Mason dismisses the relevance of cryptocurrency and stock markets, framing the current economic downturn as a routine, healthy recession that occurs roughly every decade. He argues that despite the recession, the labor market is exceptionally robust—so robust that employers, especially in the service and restaurant sectors, are struggling to find workers. Mason attributes the labor shortage to a conscious choice by many people to opt out of work, asserting that anyone could easily find a job even if it isn’t ideal. The overall message is that while financial markets are declining, the job market is at an unprecedented strength, and the recession is a normal corrective phase.

Chapters

Forget crypto, forget stocks, forget all that stuff, right? Everything is in the trash. By all means, we're in a recession. A recession happens every 10 years, that's a given. We were— we are past due, we're overdue for a recession. So it's fine, it's healthy. The market can't just continue to grow forever. You need the market to stabilize and maybe even go down a little bit, which is what you're seeing in the stock and in the cryptocurrency market. But guess what? We're in the strongest job market in the history of mankind. People can't even find people to work right now. Look at the service industry, look at the, you know, restaurant industry, look at all of these places that, you know, depend on people to work there. I mean, yeah, there are some jobs that are getting automated, but the jobs that really require people, they can't find enough people right now. It's a choice if people don't want to work at this point. It's a choice, like you absolutely are choosing not to work. 'Cause you could easily go out and find a job right now. It might not be something that you like to do or that you want to do, but you could go make a living right now.