Les Leopold is the executive director of the Labor Institute in New York City. His forthcoming book is Layoffs of Mass Destruction: How Wall Street Trashed the Working Class and Why the Democrats and Democracy are Paying for it.
With echoes of 2008, the collapse and bailout of Silicon Valley Bank shows little has changed for reckless financial actors. How long can it go on?
The status quo belief is layoffs are inevitable because of globalisation and technological advancement. But they don’t have to be.
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