Chapter
Uncertain Valuations and Labor Participation Rates during a Recession.
35:32 - 44:19 (08:47)
This episode discusses how some companies have managed their valuations during the pandemic by using complicated converts to avoid revisiting their finances as well as the possibility of a shift in the labor paradigm with the labor participation rate being affected by COVID deaths.
Clips
The latest U.S. jobs report shows roughly 250,000 jobs created in October, but there are negative trends such as fewer employed Americans, more unemployed Americans, and a decline in the labor force participation rate for the third month in a row.
35:32 - 36:54 (01:22)
Summary
The latest U.S. jobs report shows roughly 250,000 jobs created in October, but there are negative trends such as fewer employed Americans, more unemployed Americans, and a decline in the labor force participation rate for the third month in a row. This could be the last gasp of the bull market with a residual job creation, while company layoffs such as Stripe and SpaceX show that the economy is slowing down and recession could be imminent.
ChapterUncertain Valuations and Labor Participation Rates during a Recession.
EpisodeE103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The idea that everyone should be an employee at a company may not be the right way to think about labor going forward.
36:54 - 40:57 (04:03)
Summary
The idea that everyone should be an employee at a company may not be the right way to think about labor going forward. The impact of COVID-19 on the labor force and the potential reintroduction of quantitative easing and lower interest rates to stimulate demand may also play a role.
ChapterUncertain Valuations and Labor Participation Rates during a Recession.
EpisodeE103: Tech layoffs surge, big tech freezes hiring, optimizing for profits, election preview & more
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The gig economy could account for 10 to 20% of the 10% drop in labor participation in the US.
40:57 - 45:22 (04:24)
Summary
The gig economy could account for 10 to 20% of the 10% drop in labor participation in the US. However, many companies have shied away from revisiting their valuations and managing their egos.