Some people believe the U.S. is headed toward hyperinflation due to past and possible future government stimulus behavior. Experts, in general, do not believe hyperinflation is likely.

Hyperinflation is ended by drastic remedies, such as imposing the shock therapy of slashing government expenditures or altering the currency basis. One form this may take is dollarization, the use of a foreign currency (not necessarily the U.S. dollar) as a national unit of currency.

Hyperinflation is caused by a government spending much more than they get in taxes and selling bonds for newly printed money from the central bank. The only way it ever ends is when the government spending stops exceeding income. Government spending must be cut to end hyperinflation.

The Federal Reserve seeks to control inflation by influencing interest rates. When inflation is too high, the Federal Reserve typically raises interest rates to slow the economy and bring inflation down.

After dipping to 2.5% at the end of 2020, consumers now expect inflation to rise to 3.3%, the highest level in about six years. Higher inflation isn’t necessarily a bad thing for average Americans. After all, the rise in inflation isn’t life altering.

But you can take steps to protect yourself.

1. Plan ahead. Consider what you will do if you are laid off.
2. Look for growth opportunities internally. Layoffs are often targeted.
3. Word to managers. Be cognizant of what your employees are experiencing .

Which Skills Should You Focus on to Avoid Layoff

• 1) Add Never-seen Value: Everyone remembers people who are attentive to little details.
• 2) Give up Gossiping:
• 3) Embrace Change:
• 4) Be a Little Extrovert:
• 5) Rule Your Field.
• 6) Brush Your Leadership Skills:
• 7) Tap on Creativity:
• 8) Be Fit:

Looking at various layoffs, you can see that Tuesday is also the prefered day, though there is no truly ideal day to let someone go.

Project managers are in that vulnerable middle-management class that’s always the first to get laid off when a recession hits and are usually the last to be rehired once the recovery begins. You can do certain things preemptively, however, to minimize your chances of being laid off. Don’t panic.

Around 500 mid-level managers are laid off company-wide. You are scared! In the all-hands meeting, your company CFO says that it was a necessary move to keep the stakeholders happy and that there will be no more layoffs.

In the previous years, December and January are the two months when mass layoffs happen most as budgets flip over for the new year, but lately, these layoffs have been happening at any time depending on the health of a company.

A WARN Act notice is posted. Ballman said a WARN Act notice is more than a sign, it’s “a flashing neon light” that a mass layoff is going to happen. If you are a new employee and have less than six months on the job, or if you work fewer than 20 hours per week, you are also not protected by the WARN Act.

How to negotiate your severance package

1. Understand the components of a severance package.
2. Wait before signing paperwork.
3. Read everything carefully.
4. Get an expert opinion.
5. Understand your priorities.
6. Negotiate for more than money.
7. Decide on a reasonable request.
8. Leverage your success.

If you are a California worker who was laid off without the termination severance pay or other compensation you’re owed, you have been unlawfully laid off, or other labor laws have been violated, you may be able to file a California wage and hour lawsuit and pursue compensation.

Is there a difference between being laid off and being fired? Yes, there is. If you’re fired from a job, it’s not likely that you would be rehired by that company in the future. Being laid off means being removed from your job through no fault of your own.