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Many who repatriate are lured by a vibrant startup scene in India that is drawing unprecedented capital from venture and private equity firms and is buoyed by an effervescent market for stocks. But they are also disenchanted with what they perceive as America’s bleak and hopeless immigration landscape, where the wait times for green cards are tortuously long, and the limits on launching startups for newcomers are highly restrictive.
https://www.theinformation.com/articles/the-great-immigrant-resignation-fed-up-indian-tech-workers-ditch-the-american-dream
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Seems A LOT better for college educated folks.
Much better for us consultants
You have been very lucky IMO
A majority of the layoffs were service employees. That being said, white collar are also getting hit but not in the same numbers. For one, major banks are still standing, but it will get tougher if things don’t turn around
The mortgage and loan defaults are what it scares me. That will hit the financial industry (retail, consumer, commercial banking) in a very significant way. Would also depend on whether the US government provide more stimulus (highly likely before the elections). And once November comes around, we will fall off a cliff. Classic pump and dump