Shervin Pishevar Tweets Illustrate Underemployment Tactics

Shervin Pishevar says that all the cheap money is gone. He thinks investors are in for a long, slow slide into a recession. The famous investor made some dire predictions about the American economy in a tweetstorm that lasted more than 21 hours. But it’s his comment on “cheap money” that has me very concerned.

The American economy seems to be buzzing. The news says that the economy is doing extremely well despite the fact that the average American is still struggling. It seems that underemployment, low wages and income inequality is making for a country of haves and have-nots.

Shervin Pishevar says that underemployment has now hardened into the American economy. This is in reference to “cheap money.” This means that companies are hiring workers part-time in order to lower wages and avoid expensive employment perks. This means workers are forced to get by with less while not having access to affordable health or dental care. Of course, these money-saving tactics make it seem like the business is doing well despite the fact that its employees are struggling.

Shervin Pishevar has quite an investment track record. He was there at the beginning of Uber, and he founded his own investment firm called Sherpa Capital. The man knows his markets. He knows how companies operate. These tweets are a peek behind the curtain in order to see how the sausage is made. Much of it is disheartening.

Peeks behind the curtain have been few and far between. Shervin Pishevar disappeared for quite a while after being accused of sexual misconduct. He stepped away from his company, Sherpa Capital, in order to take all the heat by himself. He did not want his company tarnished by false accusations. He sticks by his innocence, but he has been silent ever since.

This outburst is the first we’ve heard from him in a while. The tweets have taken aim at Silicon Valley, large tech companies and the stock market. It seems the former head of Sherpa Capital believes that the economy is in store for a major downturn. We should all heed his advice.

https://asteroidday.org/people/shervin-pishevar/

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