Smoot–Hawley Tariff Act - Wikipedia
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  • VitoRobles@lemmy.todayEnglish
    2·
    24 hours ago

    When I was struggling in college to eat and people talked about the market collapsing – pal, I was trying not to be homeless. I had a thousand other problems, from bad health issues, uncertainty over if I would sleep in a bed, where my next meal.

    Its a awful take to rip into them for not caring that the Dow Jones lost 2000 points or whatever.

    • Draces@lemmy.worldEnglish
      1·
      21 hours ago

      I’m warning that there is a domino effect of the markets failing that could have left you homeless in that exact situation. It’s literally what you’re describing. This will push people from balancing in the edge to falling over it. Markets collapsing means jobs loses and hardships for the working class as well. So yes everyone should care and be as prepared as possible when we enter a recession. Pretending this isn’t going to effect people working paycheck to paycheck is only going to help leave people unprepared when the ripple effects them. It’s not awful to warn people of a disaster and I resent the accusation