America's job market is collapsing

The American stock market is booming, gaining almost $3 trillion in value since the election, alongside soaring gold, bonds, and GDP.

Hiring has slowed, and tens of thousands of jobs have been cut.

The US hiring rate is currently very low, comparable to the sustained levels seen during the global financial crisis.

Max Fisher believes America is in the middle of a huge jobs crisis.

The video was recorded before the Iran war melted down the global energy economy.

A Federal Reserve study found that most companies are not adjusting headcount (cutting jobs) due to AI.

Howard Lunik, a Trump official, stated that tariffs were supposed to bring back manufacturing jobs, such as those for making iPhones, to America.

Tariffs forced manufacturers already in America, like a TV factory, to shut down or move their factories out of the US.

The loss of 271,000 federal jobs is equivalent to one-tenth of the total job losses from the entire 2008 global financial crisis.

The job market for new graduates is the worst it has been in decades, relative to other workers.

Max Fisher believes former President Trump's solution of deportations is making the jobs crisis worse and is one of the biggest drivers of joblessness in the country.

Max Fisher believes former President Trump is facing a choice between upholding his priorities of deportations and tariffs, or abandoning them to salvage the job market and his party's odds in midterm elections.

Max Fisher believes there are currently two economies: a small one doing very well (AI, tech) and a much larger, weaker one, which are not significantly interacting.

Consumer confidence among people making over $100,000 a year used to run parallel to those making less, but the two lines split a few months ago.

Max Fisher predicts the current job crisis, characterized by scarcity, tense competition, declining wages, and long periods of searching without work, will eventually affect everyone.