Walmart CEO issues dire economic warning. (good luck finding a job)

Video Description

Walmart's CEO, Doug McMillon, just said the quiet part out loud about the U.S. economy: corporate hiring is slowing, and AI is coming for people's jobs. According to McMillon, "AI is going to change nearly every job", and Walmart is now going to introduce layoffs to keep its employee count flat over the next three years, even as the company grows revenue. Other large, publicly traded companies such as Ford, Amazon, JP Morgan, and Microsoft have said similar things. As a result, the U.S. labor market is likely going to continue to slow in 2025 and 2026, with an ongoing labor market recession already underway. Access housing market data for your are at: https://www.reventure.app If this labor market recession continues, or gets worse, we could see big ramifications on the U.S. Housing Market, as well as the U.S. Stock Market. Stock prices are near all-time high valuations according to the Shiller CAPE, and suggest that the U.S. economy could be artificially propped up right now by the stock market. We're already seeing this play out with U.S. home sales and home prices. Buyer demand on the housing market is at its lowest level in three decades, meanwhile, home values are now dropping in half the U.S. Rents are also slowing. The story is clear: record lack of affordability, combined with a bad job market, is putting U.S. homebuyers on the sidelines. --- REVENTURE APP: https://www.reventure.app Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship. Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/ Additional stock footage provided by Envato Elements. https://elements.envato.com/