*someday there will be too few jobs for all the people on this planet* There are... | Hacker News

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		HarryHirsch on Dec 20, 2019 \| parent \| context \| favorite \| on: Reasons Why Job Seekers Are Not Given Feedback someday there will be too few jobs for all the people on this planet There are too few jobs now. Paul Krugman called it a "savings glut". There are no opportunities to invest the cash you are holding productively, consequently interest rates are low and the best thing you can do is buy back your own stock.

1123581321 on Dec 21, 2019 [–]

Investors who sell to a buyback deploy the money elsewhere, including new issues and private investment, which leads to hiring.

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