Michael Burry's Worrying Recession Warning (The White-Collar Crisis Begins)

We all know that Michael Burry (of The Big Short) has been predicting a big stock market crash and high inflation in 2022. And so far, he's been bang on. But now he's predicting something else... Something worrying for the suit and ties of the world. Yes, recently Michael Burry has predicted that white-collar workers will bear the brunt of the pain this time round, while blue-collar workers will likely fare a lot better. So what does he mean by this, and should we be concerned?

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★ ★ PROFITFUL ★ ★

★ ★ CONTENTS ★ ★
0:00 Michael Burry Called It Again
1:18 The White-Collar Recession
1:35 Tesla Cuts Salaried Workforce
2:22 Tech Layoffs Begin
3:18 Why Blue-Collar is in Demand
4:45 The Generalization
5:43 The White Collar Employment Bubble
6:55 The Fed's Plan
7:47 What does it mean for investors?
9:18 Michael Burry Predicts Some More

DISCLAIMER:
Neither New Money or Brandon van der Kolk are financial advisers. The information provided in this video is for general information only and should not be taken as professional advice. There are risks involved with stock market investing and consumers should not act upon the content or information found here without first seeking advice from an accountant, financial planner, lawyer or other professional. Consumers should always research companies individually and define a strategy before making decisions. Brandon van der Kolk and New Money are not liable for any loss incurred, arising from the use of, or reliance on, the information provided by this video.

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[youtubelearning]

Something about blue-collars workers also is that they can pivot. They can learn a new job pretty quick. So, those layoff numbers with them can be tricky. They can lose their job one day but have another one the next. A lot of white-collar workers tend to be more specialized.

[deanfalvs]

The the entire team at New Money (it could be one, I expect a few people) you produce such high quality video and content every release. Well done as you are nailing the balance between insightful research and content with amazing graphics and video effects. Keep up the great work and I'm sure you will smash 1-1.5m subscribers very shortly. I'm very impressed at the better than professional standard of every video released.

[apope]

Poor michael burry. Everytime his name is mentioned they show batman instead

[diamend]

white collar labor market is very bloated i agree.
to much bureaucracy, marketing, coaches and so on there are too many people living of the actual production of too little people

[thedownwarddoug]

This channel is single handled responsibility for people thinking Michael burry is Christian Bale

[BrentBestwick]

The biggest mystery to me is how you don't have over a million subscribers yet. This is arguably the best $$$ series on YouTube.

[rl]

We've already experienced layoffs. Everyone in the office doing the work of 5 people. The company will not spend money to upgrade old software to make the workflow more efficient given the drastic staff reduction. (AI software and robots are very expensive, many companies don't want to spend the money) Staff works overtime without overtime compensation. Things are not being done as quickly and people are blaming work from home.

[awalton]

In the long run increasing the ratio of blue to white collar workers is a good thing; increasing aggregate supply (and demand) within the U.S. The sticky wicket is lumping IT workers in with white collar layoffs. Anecdotally, I'm already seeing more and more problems with IT related functions. Ex. web pages slow or not functioning, idle store workers because systems are down, the list goes on.

[maxsterling]

Wait, you created this video before your haircut. haha

[radop]

You don't realize that, once white collar workers are laid off en mass, the demand for blue collar workers' output will fall as the purchasing power of the middle class will diminish significantly. And then blue collar worker layoffs will begin en mass. It's pretty much recession 101.

[oiausdlkasuldhflaksjdhoiausydo]

Most white collar workers are redundant. Look around your office. How much work is necessary and how many people are really working?

[benz.]

No surprise really. The growth of managerialism and administrative jobs which serve no real purpose other than to be an adult daycare will obviously be the first to go. If anything it will all be a wake up call.

Great video as always!

[TickerSymbolYOU]

Great call. This is the next bubble to pop!

[emcats]

Blue collar positions are heavily under staffed throughout the western world. Normally, mass immigration is used to fill skilled-based positions and labouring jobs.

[darkjester]

Just was going to mention it as you called it in the video. I recently got into the world of data science and it's crazy how many jobs are in there and how quickly you get contacted back after applying. Also got some logistics experience from before. I also think it'll be mostly specific sectors for white collar workers that will hurt. I don't think many companies will target departments that contribute directly in the growth and future development of the company. Especially if it alings with their vision. But there will be layoffs in several other departments.

[Junggiggles]

I totally agree, I’m a blue collar worker here in Australia and we’ve never been busier and same with other people I know

[Daumis]

Everyone wants an easy office job, nobody wants to work in factory or in production, so pretty much production workers are safe cuz they are shortage already.

[peterramsay]

‘’Courage taught me no matter how bad a crisis gets ... any sound investment will eventually pay off."

[miket]

Just noticed that your url is no longer AussieWealthCreation... why?

[TheBillder]

This is a very interesting take and I tend to agree with this. I've said this about delivery drivers and manufacturing jobs being safe since the supply chain has gotten so messed up, but I had not realized all of the white collar jobs being stressed this much