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Rogé Karma

👤 Speaker
503 total appearances

Appearances Over Time

Podcast Appearances

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

You get the Federal Reserve raising interest rates.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

All of a sudden, by the end of 2022, every economist on the planet is convinced that there's a looming recession that is coming.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

There was that famous Bloomberg model in October of 2022 that said there was a 100% chance of a recession in the next year.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

It never happened.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

It never came.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

So employers, you can imagine, were sitting, waiting, like, okay, we're going to bear down.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

We know a recession is coming.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

We're not going to hire.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

By the time then it became clear a year, year and a half later that a recession wasn't actually coming, then all of a sudden you're in 2024 and there's this election that now has injected a bunch of political uncertainty where you don't know what the agenda of the new administration is going to be.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

It could be radically different based on who's elected.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

And so you have, okay, we're going another, you know, the big, the big

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

the overarching view for employers during that period, I heard this phrase over and over again, was survive until 25.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Survive until 25.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

We just got to get through the election.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

We got to get through this period.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

And then we are going to thrive in 2025.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Exactly.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

And this is where sort of my piece comes out.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

In January 2025,

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Everyone is very excited.