I really like this comment and I think your framing is the correct way to think about it.
For example, when I look through the pattern of folks in my LinkedIn network who have been hit hard by layoffs, it's clear to me that a lot of roles were "luxuries" or "impulse buys" during the ZIRP era, and so many of those roles have vanished over the past 2 years or so.
For example, when I look through the pattern of folks in my LinkedIn network who have been hit hard by layoffs, it's clear to me that a lot of roles were "luxuries" or "impulse buys" during the ZIRP era, and so many of those roles have vanished over the past 2 years or so.