answersLogoWhite

0

People do not lose their jobs because the Stock Market crashes. People lose their jobs when a company does poorly due to low sales, lack of product innovation, poor management, and/or lack of financing. People lose their jobs when the economy enters a recession and demand for goods and services drops which leads companies to lay off workers. Job losses are not directly caused by stock market crashes but rather are symptomatic of severe recessions or major macroeconomic shocks.

User Avatar

Wiki User

10y ago

What else can I help you with?