Former Home Depot CEO sounds alarm on 'tremendous shift' in labor market

[seafoam1 3,031]

Go creepy joe...

A former top corporate America executive is warning that the U.S. economy is not on a fast track to recovery, as higher inflation and more mass layoffs loom over markets.

"The general population will not be duped by this aversion to try and blame inflation on corporate America. It starts at the raw materials, it starts at transportation, it starts at energy," former Home Depot and Chrysler CEO Bob Nardelli said on "Cavuto: Coast to Coast" Monday. "A whole host of things that are driving this up, wage increases."

"We're now seeing people being laid off," he continued, "If you look at chips, they've laid off almost 40,000 people. We're seeing a tremendous shift in employment out there where people are being laid off."

In the last two weeks, companies like Cisco, Snap, Estée Lauder, Amazon, Citigroup and UPS have all announced layoffs as executives tighten their belts amid rate volatility.

The pace of job cuts by U.S. employers accelerated at the start of 2024, as a recent report from business firm Challenger, Gray & Christmas found that companies planned 82,307 job cuts in January, a substantial 136% increase from the previous month.

[weepaws 3,194]

Thanks to biden and trump.  Trust in the Lord, not in man.  Amen.  

[IGotWorms 4,058]

Dipsh1t doesn’t want to pay his workers. It’s that simple 

[seafoam1 3,031]

5 minutes ago, IGotWorms said:

Dipsh1t doesn’t want to pay his workers. It’s that simple 

Who? All those companies that are laying off 100s of thousands? 

And that's not problem other than the companies being cheap?

[Hardcore troubadour 15,439]

20 minutes ago, IGotWorms said:

Dipsh1t doesn’t want to pay his workers. It’s that simple 

Lol! Look at the open borders guy making believe he cares about workers. You’re a pisser 

[IGotWorms 4,058]

24 minutes ago, Hardcore troubadour said:

Lol! Look at the open borders guy making believe he cares about workers. You’re a pisser 

Who said I was for open borders?

[Hardcore troubadour 15,439]

Just now, IGotWorms said:

Who said I was for open borders?

Well, it’s the definitive policy of your preferred candidate, so I took a guess. You’ll vote for it again. 

[IGotWorms 4,058]

4 minutes ago, Hardcore troubadour said:

Well, it’s the definitive policy of your preferred candidate, so I took a guess. You’ll vote for it again. 

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

[EternalShinyAndChrome 4,107]

17 minutes ago, IGotWorms said:

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

Huh?  Is that the propaganda you fell for?

Jesus you're easily duped.  Standard liberal thru and thru.

[Hardcore troubadour 15,439]

21 minutes ago, IGotWorms said:

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

5k a day.  That’s not securing anything.  Biden broke it. He needs to put it back the way he found it before any negotiations. He’s not trustworthy.  

[Hardcore troubadour 15,439]

46 minutes ago, IGotWorms said:

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

Biden = President Kamala Harris. 

[Pimpadeaux 2,406]

 

[nobody 2,673]

3 hours ago, IGotWorms said:

Dipsh1t doesn’t want to pay his workers. It’s that simple 

I don't think it's that simple.  As a former CEO he has no workers to pay.

[RLLD 4,230]

8 hours ago, nobody said:

I don't think it's that simple.  As a former CEO he has no workers to pay.

[listen2me 23 1,873]

11 hours ago, IGotWorms said:

Dipsh1t doesn’t want to pay his workers. It’s that simple 

What?

[listen2me 23 1,873]

11 hours ago, IGotWorms said:

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

You realize this administration gave zero focks about the border until it crept into their polling numbers...right?   Made the whole mess.  Per usual.  

[Hardcore troubadour 15,439]

39 minutes ago, listen2me 23 said:

You realize this administration gave zero focks about the border until it crept into their polling numbers...right?   Made the whole mess.  Per usual.  

None of them did until they saw an opportunity to blame the other side. Worms, Tim and the rest of the pink puzzy hats said it was a good thing. 

[RLLD 4,230]

45 minutes ago, listen2me 23 said:

You realize this administration gave zero focks about the border until it crept into their polling numbers...right?   Made the whole mess.  Per usual.  

For Democrats is about power, how to get it and how to hold it....everyone is a pawn for them, to be used and exploited to secure that power.....so yeah, if they have to pretend to stem the tide of those they see as future voters, for now, to protect their power.....then so be it....and if they can retain the power, they just reopen the border...and fock the citizens of this nation....

That is what Democrats are, over and over...

[Hardcore troubadour 15,439]

They are being brought here to vote at some point. To replace the voters they have lost. 

[MDC 7,431]

CEO blames layoffs on things other than corporate greed - get out.  

[Baker Boy 1,699]

12 hours ago, IGotWorms said:

I wouldn’t say preferred, but I sure ain’t voting for Trump.

So far as I know, Biden wants to pass the most aggressive border legislation in decades, but your side is refusing to

Allowing 1.8 million illegal aliens to enter this country each year is very aggressive.

[lod001 1,344]

The problem is that the minimum wage is not $50/hour. Yeah you heard that right, $50. Its the new $15. These 'people' (democrats) are retards.

 

[lod001 1,344]

4 hours ago, Hardcore troubadour said:

None of them did until they saw an opportunity to blame the other side. Worms, Tim and the rest of the pink puzzy hats said it was a good thing. 

Those fucktards cannot think for themselves. They simply hear what is said on cnn or msnbc and that is what they believe. Then when it shifts, they believe the new line.

The border is the perfect example. They all claimed the border was secure, that it was no different that when Trump was in office. Then when NYC and ChiRaq started complaining loudly about the illegals (because the black population was getting pissed that their reparation money was going to illegals) the WH shifted to blaming Rs for the open border that they previously said was closed. That caused the fake, lying MSM to shift their propaganda and thus you have the new stance from the democrat retards on this board. The stance they were told to adopt because they cannot think for themselves. 

[TBayXXXVII 2,546]

10 minutes ago, lod001 said:

The problem is that the minimum wage is not $50/hour. Yeah you heard that right, $50. Its the new $15. These 'people' (democrats) are retards.

 

Liberals are "educated", but not smart enough to realize that raising minimum wage increases the costs of goods and services arbitrarily, aids the corporate giants, and hurts small businesses.  Weird.

[lod001 1,344]

2 minutes ago, TBayXXXVII said:

Liberals are "educated", but not smart enough to realize that raising minimum wage increases the costs of goods and services arbitrarily, aids the corporate giants, and hurts small businesses.  Weird.

They cant figure out that the owner will pass on the costs to the consumer.

Pocahontas just recently said that she sees the same product getting smaller and the price staying the same. The idiot doesn't realize that has been happening for decades now.

That being said, I still get Arizona 1/2 & 1/2 Tea at 99 cents. That tells me that inflation is made up as they have not raised their price 1 penny. Resellers HAVE though.