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Thanks for agreeing with me! But I do know that we are in an economy that is overwhelmingly driven by consumer consumption. Reduced demand from lower household income is bad for the country in the long-term. The wealthy can only consume so many burritos!

1 year, 7 months ago on ESPN reportedly laying off hundreds of employees

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And I think you mean "employs almost 4,000", not "employees"

1 year, 7 months ago on ESPN reportedly laying off hundreds of employees

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I'm no economist, but let me see if I understand this:

Lower Profits = "Reducing" (firing) employees;

Fewer jobs = Less spending in the economy;

Less spending = Lower sales;

Lower sales = Lower Profits;

& Repeat?

1 year, 7 months ago on ESPN reportedly laying off hundreds of employees

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