Jake, Jake, N.Y. at Twitter. Jake Novak, how you doing?

I'm doing all right. I'm noticing gas prices going up again, so that's the one crimped in my morning, but other than that, I'm okay. It sounds like you're driving. So you're wasting gas right now. I am, I am, but I'm taking it easy on the accelerator. I'm gliding. I'm gliding. Oh, okay. So this is not going to get any better.

You know, my favorite economists this is not going to get any better.

You know, my favorite economists say we probably won't go into a recession. We'll just keep this slow growth for a couple of years.

That's not good, is it? No, and, you know, unlike other things that we've seen, and I'd say maybe since, like, the last 20 years, this is really an interest. I've never

seen an economy and more specifically a job market like this, Mark. We are now in a situation

where there's still very high demand for blue collar, service workers, and military. But tech

and white collar, that demand is really waning.

And I've never seen a job market like that. Usually the blue collar people take the worst of it,

then it spreads to white collar, or it starts in white collar and very quickly gets to blue collar.

But this is very, very interesting. So what that means is that

unless you are someone who has a real skill with your hands and not even tech anymore, then you

might be up for some, you know, a little bit of a rest time because prices are still going to go

up and you may not be able to get a big raise at work even if you're, you know, even if you do have job security because there's not going to be a lot of people in your white collar job that, you know, that are, you know, there's not going to be a lot of labor shortages there. Yeah. Hey, I never thought we'd see this. Google lays off 12,000. Microsoft lays off 10,000. Twitter gets rid of 6,000. but everything seems to be working fine. So what the hell were all those people doing anyway?

Yeah. Microsoft lays off 10,000 Twitter, gets rid of 6,000. But everything seems to be working fine. So what the hell were all those people doing anyway? Yeah, well, you know, that's the thing. One of the things that you and I talk about a lot, talked about a lot, is that it was great that we were having all these tech companies that were springing out, you know, starting in the 2000s and how great that was. But one thing we both noticed is that even the biggest tech companies didn't employ a lot of people.

Like, you know, GM might be worth 10% of what Google is in the stock market, but they employed

a lot more people and they had a lot more real estate.

And so I think the tech companies heard that and politically decided to beef up their job rules,

at least the little bit here and there, so that they could have a little bit more cloud

in Washington.

It's one thing to have a lot of money, but when you can go to a politician and say, not only

am I going to donate a lot of money to your campaign, but I got a lot of people who are your

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