what steps if any do you think he'll take to stop the earnings slump?
Fat Freddy is in too deep. He will double-down on stupid. By hiring people MORE desperate and LESS competent than he already has.
I can't imagine there's a quick solution. But due to the so-called "labor shortage" narrative/lies, it would not surprise me if there are businesses actively pleading and bribing those in office to make it legal and easy to hire people who are currently of questionable immigration status and citizenship.
Replace the native-born citizens one at a time, and pay their replacements minimum wage (or less) supplemented by welfare benefits.
But enough about the wet-dreams of big-business and our overlords in power.
What do you think he will do?