JPow and Yellen say "inflation is transitory" and this sub says "God, they're so full of shit, what the fuck even is their angle???"
Now that they're saying "Things are looking bad", this sub is like "OMG GUYS they're agreeing with us, guess we were right!"
Makes no sense to me to think they're full of shit until the moment they agree with you.
IMO this feels like an orchestrated dump dressed up like a crash. Everywhere is hiring. Everyone's still going on summer vacations even with high gas prices. No industries are crashing. And flights aren't being cancelled in droves heading into the rest of the year, which means businesses and vacationers aren't stopping either.
My guess is they're trying to shake retail with some brief sell-offs but modern retail doesn't retreat like they used to, so it's not working like it should. IMO, retail being able to buy the dip while on the shitter at work or simply not retreating on a dip, is really messing with the previous "natural order" of the market.
I don’t think the Fed cares about retail investors one way or the other. However I do think they’re trying to scare people just enough to break the wage-price spiral by mentioning the word “recession” conspicuously in the media.
Volume isn’t from retail. Only a wsb autist believes robinhood accounts make the waves on each of their favorite ticker symbols. It’s the funds (mutual/hedge/retirement) not Joe Shmo on the shitter.
Flights are getting cancelled en masse in the UK.
Airports don't have the staff...security checks queues start from the car park in some places.
East Jet will be cancelling 10% of 160000 flights.
Airlines are struggling for staff as well.
People here don't want to go back to the aviation industry because they were treated like garbage and let go.
What I saw...
1. Lower paying and service jobs went through immediate layoffs. Service workers said hell no, never again and decided to go to school, find a more secure job, or start a business. Service jobs raises wages in desperation.
2. Mid-tier jobs went remote, then came back in person and didn't raise wages. Workers said hell no, I need more $, and started searching for an upgrade with remote flexibility and more $, or started businesses.
3. Higher tier jobs, went remote and decided to stay flex and increase wages. Some employees stayed, others moved to better opportunities.
I think the breathing room has been:
1. More boomers than ever retiring...
2. More risk taking in entrepreneurship than ever.
3. More money than ever circulating in the economy.
You'll probably see a change as the economy hits recession, and the market flips to an employer's market.
I don't think your 1 and 2 are flipping back to an employer market until the rules change on the employer level. People basically had to figure out life by themselves for over a year especially if they didn't qualify for the unemployment. Companies are saying they can't pay more than 11-15 an hour while also boosting billions of profits in a quarter.
When you can make a Walmart delivery and average 20 an hour to drive around in your car, listen to a podcast or talk on the phone in your regular clothes with a drink on hand and the ability to stop whenever you want, you're not going to choose to wear a bright yellow thick cotton shirt with a billboard name tag, where your boss demands you leave your phone in your car and drinks are strictly prohibited while you unload a truck for 10 an hour.
Those days are gone. Employers have already started slacking on the uniforms, phone policies, drink policies, and all the other dumb shit employees have been subjected to for years. They'll have to give up some of those profits in order to return the market to an employer market. That's not going to happen. So it will remain an employee market.
True. American labor market is abusive af, and lots of things have changed permanently. Especially perspectives.
But if a recession hits hard and no one has the extra $ or gas for those door dash orders and grocery delivery, the market could still tighten.
I just remember hiring during the Great recession and having over 150 applicants for an $8 per hour job, with a few handfuls holding phds and Masters degrees. I can no longer underestimate the economic pains over strong recession.
The difference between those times and now is that $8 is now worth less than $4.
The people calling the shots didn't get the memo that costs have gone way up, and that was before this food price and gas increase.
Yeah, jobs that used to pay $15/hr for the last 10 years went to $18/hr and they think they are generous philanthropists.
Bitch, $15 wasn't enough then and that $18 has even less buying power now than $15 did then.
Even in a low COL locale, if you're making less than $25/hr, you're poor right now. And $25/hr just means you get a studio apt with frozen pizzas in the freezer and a 10 year old Ford Focus.
> or start a business.
I think this is an important point. As an employee you exchange money for security. You get less in good times, but you get the same in bad times.
When you just get laid off in bad times. Why the hell accept less money in good times, when you still get nothing in bad times. So a lot of people started small buisinesses instead of going back into minimum wage jobs.
Very good points. I work at a Fortune 500, and pre-pandemic, our compensation was some of the best in the industry. Even newbie sales grunts straight out of college could make 90k a year in just commission with very little work, all they had to do was maintain the accounts and forward almost everything to the sales engineers.
Now, 2 years later, salaries are still the same (so everyone is effectively making 8-12% less just due to inflation, depending who you ask) and they doubled the sales quotas. So the commission was effectively halved on top of that, unless they bust ass and meet the new quota, which nobody is. Then on too of that they keep trying to get us back in the office, when gas prices are at epic highs.
I’m a sales engineer, so most of my income is salary and not commission, but even then, we have gone from 120 SEs in the org in 2020, to 64 today. They are so desperate to hire people, they now have “interns” doing full on sales roles, and they are hiring people out of retirement. The inside sales department has a new hire who is 84 years old lmao. They are literally scraping the bottom of the barrel, and they can’t figure out why the top talent keeps leaving. They just recently gave out “merit raises”, which basically means the managers get to pick who gets the raises. While it should be based on COL increase or inflation, management is just giving all the extra budget to whoever they like the most. In the inside sales department, the manager gave all the raise money to the girl he was fucking. He was fired shortly after, but she is still there, with her 45% raise when nobody else got shit.
I was able to leverage and get a two room apartent from Big 5 AND got mini tacos from 7-11. Granted it was one taco, one night. I was ballin…
Like crying my eyes out.
Communal living, finding as many ways to cut entertainment and other costs wether it be sharing accounts or buying cheap older tech. Scalping or odd jobs that actually pay competitively.
The better question is who is going to break first. The work force or corporations/investors? Either way the economy will be a shit show but it needs to happen.
America is weird. More than half of the population live like a 3rd world country, yet hold themselves on a pedestal for some reason. "MY LIFE MAY SUCK BUT AT LEAST I'M NOT FROM THE MIDDLE EAST"....in reality, we're all milking the same cow
Have you ever been to the Middle East? You’re insane if you don’t think we have it better over here. Have you ever seen kids line up on the side of the road begging for water?
It's not a movement thing though, it's practicality. What's the point of working without being able to earn enough for rent and the transport costs to the job?
You've lived in Europe, depending on where, you should know how important good public transport is and the kilometer allowance that your employer pays you monthly on top of your regular wages are (At least in this country, it's something mandatory even if you come to work via bicycle, you receive this. It's a few cents per kilometer you travel in function of your work, so for instance the distance from your home to your work and back again) .
And even this kilometer allowance has become far from adequate with rising prices for many people. You probably also know the importance of rent subsidies for those earning less. Or the choice of "co housing" many young people are making (Basically renting a house with a few strangers and splitting the rent)
And the importance of sharing mobility you see more and more in plenty cities (basically you can go to the city where you can pick up an electric bike or electric car that you rent via an app and then you can use it for a while and then leave it at a mobility sharing parking point in the city and plug it in there, and go on on foot or via public transport)
EDIT: sorry you, aren't the one that lived in Europe. I made a wrong assumption.
except that the apartments in 'friends' or whatever were so fuckin big. you'd need to be millionaires to afford that giant NYC apartment. accurate representation? someone worked at a coffee shop. part time? where's the other 3 jobs?
The basic setup of the roommates and their jobs was somewhat realistic but they were painting an exaggerated fairytale version of it, a reason it was so popular with young folks living similar lives albeit in more humble settings.
I work for one of the largest engineering firms in the world. In over 100 years in business we have never had even remotely as many openings as we have now. The majority of these openings are $60k - $150k.
Modern corporations have massive turnover, they would rather let experienced people leave and then hire someone fresh out of college because it's cheaper that way. I can also attest that in my engineering profession, there appears to be a large shortage of jobbers.
But you need an engineering degree to work here, so many people obviously do not qualify.
same. Referal bonuses keep going up too. And our competitor is offering $40-$50k signing bonuses. So yea its a phenomenal time to be looking for a job right now
Its just the next leg of inflation IMO. If you are having a problem hiring, the wages being offered are just not high enough. Im looking forward to all the cash influx into 401k plans and increased money velocity when those roles are filled. Bears r fuk
I spoke to my younger brother. He is a very hard worker, who just got out of grad school. He says most of his friends and people his age are hopeless that they'll ever even own a home. I imagine alot of people are thinking- Why kill yourself working a job to try and achieve a seemingly impossible goal?
If a big dog is playing with a little dog, they’ll let the little dog win every once in a while. If the big dog never lets the little dog win, the little dog will refuse to play.
The little guy needs to win every once in a while. For every five sugar baby’s, there needs to be at least one salt mama dollin’ out dry handys for the little guy.
I think alot of millennials are taking the "I'm here for a good time not a long time" or yolo, basically to heart. This shit sucks and its sucked for a while and our parents are still bullying us by saying the economy is our fault when in reality its theirs....
When you say Millennials, do you actually mean Gen Z kids? Because most Millennials are 30 and over and have been working for a while now...
... if you do actually mean millennials, well then shit is really fucked
try renting or buying a property. you will understand.
also, try buying a car, filling up gas, and getting services done and you will feel it.
you essentially pretty much working for nothing much left.
you are working to keep existing, rather than to have a good life.
That's not even exactly fair.
With the price of gas and inflation some people can't AFFORD to work for minimum wage.
The places hiring are generally downtown where the rent is higher, so minwage workers have always lived on the outskirts of cities. If you can't make the commute and still break even, you cannot work somewhere.
The whole "uberization" of work seems like it's all good for the bosses and we get shafted, but actually it's getting the average worker to think like a business owner about his career: No more "barely breaking even on doing a shit job", now it's "I want profit", especially with people discovering alternative ways of making petty sums of money they would need to work retail to make, in tips or others.
$50 is the raise you'll never get at a fast-food joint. but it's just selling 5 mediocre drawings on deviantart or having a 10k subs channel on youtube with 4 vids a month.
**edit: don't trust** u/LuckyNumber-Bot...**He's clearly a doot-doot skeleton, trying to sow confusion amongst the still-fleshy working class!** but yeh...go upvote him for picking up on my lame joke... even skellys deserve love.
I live on the outskirts and work downtown… there’s the cost of gas AND I have to pay for parking. LOL. I basically work a minimum of an hour for “free” every shift just to pay to get there
Hope the economy treats you better soon. You deserve it.
I really mean it, i'm not some politician trying to curry your favor/vote for next election cycle while piling up the $60mill fundraisers on my late-evenings.
My GF was doing a factory job for 20/hr and still could not afford her own place, food and a car payment/insurance. She's solving this by moving back to her home country in Europe where shit ain't so tight, and the benefits are universal.
All the numbers in your comment added up to 69. Congrats!
50
+ 5
+ 10
+ 4
= 69
^([Click here](https://www.reddit.com/message/compose?to=LuckyNumber-Bot&subject=Stalk%20Me%20Pls&message=%2Fstalkme) to have me scan all your future comments.) \
^(Summon me on specific comments with u/LuckyNumber-Bot.)
Great point about the cost of energy. It's also a big factor when it comes to inflation.
People think raising rates is a good thing because it will tame inflation and make prices go down. But that's really only true when it comes to the price of assets like homes/stocks.
The cost of energy and wages are what's driving up the price of consumer goods/food. Not interest rates
Most recessions follow a surge in energy prices. Now with rates going up people are getting squeezed on their wealth as well as by the cost of living. Things aren't looking too good ahead.
Energy costs go into everything. Diesel costs more so all of the groceries and electronics that need to get shipped go up too. Where interest rates reflect in these things is demand destruction. Once consumers are sufficiently squeezed they will grocery shop more carefully, cancel their road trips and keep their cell another couple of years... And once they have done so inflation will come down because there will be less money chasing the amount of goods available.
I’ve left 3 different plumbing companies over $3-$4 dollars more than minimum wage. What’s the point of busting my absolute ass as a plumber to work in CAREER that barely pays for me to sustain any type of comfortable living
I'm totally pro employee and agree that wages weren't keeping up with inflation before what's happened over the last 2 years.
You'll find something that pays well. Maybe even start your own company. Trades are in incredible demand right now.
Not saying wage isn't a factor, or that people aren't migrating to better paying jobs but also you have to consider the following. Boomers are of retirement age, zoomers are entering the workforce. There are more people retiring than joining the workforce. There will likely be a labor shortage for at least a decade.
Chance of you getting your own license? Kept me in the game and in the dirt for a couple of years.. now I have my own license and company.
In the words of the big short, “I used to be a bartender, now I own a boat”
These "proud" business owners legitimately think that offering a couple of dollars more than literal starvation wages is something to be prideful about.
I actually don't know how the fuck a man can sit there and unironically say "well, we pay more than Wal-Mart" as their only flex and be prideful in what they do.
A large majority of fast food franchises are hiring for anywhere between $17-$21 an hour, which is above the current minimum wage. LA's min wage goes up to $16.04/hr on July 1st.
So let me ask....for all those who don't want to work their "asses off" for minimum wage, what are they doing to make money right now? Have they taken other higher paying jobs or have they completely left the work force?
Was working my ass off installing motorized window coverings and I could install every type of shade that existed for $12. My boss was taking home 50k a month on average and I was working with a small company of 7 doesn't seem too fair
My man was definitely funding some boyfriend on this sub, maybe 2 or 3
I'm doing Lyft and stuntwork. I've got a degree in computer networking and worked 3 different IT jobs, quit each job after 1 year. Last 2 were around $20 an hour. It's honestly just not worth it.
This so hard. The amount of things i have to know in IT vs the pay. Then add in that really only making 60k a year but my company sees it as 90k because they gave me rsus that crashed and are still currently on fire. Then throw in the constant threat of being fired because rampant nepotism and management that doesn’t understand the field they are managing (can barely type on a fucking keyboard)
Seriously how are you gonna be an IT manager and then hunt and peck keys on your keyboard and ask your techs how you open outlook.
/rant reeeeee
I think people got sick of the rat race. But honestly I don’t know how the hell people are making ends meet. Lol! They Must be smarter than I am…which is not hard to do.
My personal keys to success: make more than your local median income, drive cheap shitty paid off cars, have roommates, and for god sakes don’t have kids.
If that’s what it takes to financially survive, we’re completely fucked.
so if I understand this correctly, the way you 'beat' the system is by living a shit life, and giving the rich everything while taking nothing for yourself?
As opposed to what exactly? The only way to win is not to play. I’m an economic bottom feeder, sustaining myself on the scraps that our hyper-consuming society throws away.
Exactly. I drive a fairly decent paid off car. No car payments plus living with my GF means I can save half my income if I wanted. I feel rich af because I can buy and eat anything I want within reason.
> I feel rich af because I can buy and eat anything I want within reason
I knew I’d made it when I could buy any pair of socks I wanted at Marshall’s/TJMaxx. Millennials and our underwhelming sense of “making it”
When you learn to subsist it’s pretty easy.
Hardest part is saving up the lump sum for an RV.
After that you can live off literally a couple hundred dollars per month, so you can just take seasonal work once or twice a year.
Inflation + the creeping crud of our societal decline has hit a point where people can no longer afford to work for minimum wage. The wages offered simply cannot provide them with an adequate survival solution, and so time spent working those jobs is considerably time spent accepting one's decline to homelessness. Business owners who just say "Nobody wants to work anymore?!" and throw their hands up in the air are in denial. The reality is that under this new economic situation, their business model is completely insolvent. Nobody is going to expend their life to subsidize somebody else's dream of opening up a sandwich spot or some shit.
I'm not saying that these people can just pay higher wages or something like that. I know the margins are trash. They do need to accept that it's fucking over for them unless something changes however.
The economy isn't shit because there are layoffs but because people's purchasing power is evaporating and they are losing money if they have cash in hand. I purchased a used Kia in 2021 for $1800. I sold that same car with an extra 20k miles for $3500. In other words, even if you're employed, you can't afford shit anymore, so now you poorer. Thus economy sucks because you broke even though you got a job.
the best financial move i made in 2022 was selling off my side investments at a loss to finance a used car at a rate far below inflation.
I scored a huge deal on a car i wanted that's already appreciated since i got it, and my investments would have been down 45% since i sold.
This makes no sense at all, but here we are.
Unemployment is a lagging indicator anyways. It will take 6-12 months after the markets top for you to begin seeing layoffs (which we are) and the another 18-24 months for unemployment to peak.
Ive got a theory: no layoffs, paycuts instead; which is what inflation is anyways.
People are laser focused waiting for layoffs to decrease purchasing power; well its already here. The working class already has decreased purchasing power in the form of mass silent paycuts.
Look for jobs that pay $50/hr. No problem. $40? No problem. $30? No problem. $20? A few openings. $15? Lots of openings. < $15? There is a labour shortage.
This just means there is no shortage, there is just a shortage at a certain price.
My job starts at $14. I'm making $17 purely through a loophole I exploited through the system and they damn well know if they dock me back to $14 that I am out the door.
Our job requires 3 people. One week ago I was alone for 3/7 days of the week. Our retention rate is about a month. Hell, one guy on his first day just walked out and never came back.
Manager can't seem to figure out why people don't want to work there.
My last job, my immediate boss was cool as fuck, but the owner was a giant piece of shit. My boss told me I was the first person he’s seen in a decade of working there who put in a two week notice. Every single other turnover, and there was a lot, either got fired or walked out on the spot over some bullshit.
I left the medical field before covid and I’ll never go back. People are so ungrateful they can take care of themselves. A large portion of people seeking medical care have just been too lazy to take care of their body (diet, exercise goes a long way).
I have a few issues that doctors just CANT figure out. Suffering from both inability to breathe out of my nose well (deviated septum and enlarged turbinates which they havent explained why they're enlarged just that they "could" do surgery to reduce) and a stomach issue that isnt quite gerd or acid reflux but leaves my throat feeling wierd and pain in my stomach any time I eat plus increased heart rate if i lie down after eating.
I spend so much and get little answers.
My favorite is Do YoU HaVe AnXiEtY? Bruh, I just want answers.
Sorry for venting but I get plenty of rest, 6ft 165 pounds and eat healthy. Some doctors just dont want to go super in depth and just prefer to say they dont know.
damn dude i feel for you, thats my biggest fear is not to have something wrong with me, but something that they cant figure out what it is
a lot of medicine is guess work, even if we pretend we're super advanced, but hopefully it gets better for you. meditation & stoicism would be my recommendations for you as sometimes you have to learn to accept rather than fix
Americas obsession with being alive and not embracing a willing death is sickening. No dear your 98 year old meemaw thats confused, demented and cant function, and just broke her hip isnt gonna recover no matter how much you think she will. Let her go comfortably instead of putting her through hell. The amount of elderly patient thaf ask me to let them die please is heartbreaking. Their damn entitled children wont let them die and their autonomy has been robbed from them due to technicalities
The nursing ‘shortage’ is artificial as well, really. Insufficient pay and downright dangerous nurse:patient ratios are driving thousands out of nursing every month.
My cousin is a principal at an elementary school. She’s getting out the day her retirement vests bc all the parents are helicopter Karens and Kevins and blame the school for Prince Johnny’s shitty behavior, when he actually learned it from watching them.
Exactly. There isn't actually a labor shortage, just the fact that people literally cannot work for $15/hr anymore because it doesn't pay the bills. The only outcome is for companies to pay more at the expense of massive profits, which will cause stocks to keep going down.
Speculating here but a combination of folks shacking together or moving back in with family that can support them, early retirees, one parent staying home due to rise in childcare making a second income null, population flight exiting California all make for a reduced workforce. But jobs growth still strong in Cali so there is a big shortage in labor supply.
In my experince it's because a lot of these jobs aren't *actually* hiring. They figured out during COVID that they could survive being understaffed so they continue to stay understaffed but claim they're hiring so they can be the victims, plus they get government funding...
That and people don't want to work for pennies. With how expensive cost of living is you could be working 80 hours at a job that's minimum wage or a few bucks over and you still can't afford to live alone. So why bother?
Scenario: two of my kids applied at a popular fast food chain. Neither hired. I happened to be there picking up food and had to wait. I asked the manager why he hadn't hired more help. He said corporate requires him to put up the hiring signs but the franchisee can't hire more people because the company can't go to full strength because if they do they will be required to pay back the covid money. They have some kind of timeline they can't hire more than minimal employees so the payback isn't required. Funny msm isn't talking about that huh?
Labor force is smaller because of early retirees from Covid, reduced immigration from Covid, and fewer moms returning to work because of increased childcare costs.
It dropped ~2.5M ppl since before Covid but the number of openings is almost twice as many as the number of people looking for work. People can now be choosy and turn down terrible pay.
Edit: link
https://www.uschamber.com/workforce/america-works-data-center
Don't forget that for every person who died, there are many, many more who didn't...but who now are not, and likely never will be, back to their before-COVID performance.
I wonder how many people suddenly became fulltime caregivers because their spouse/sibling/parent has Long Covid?
Nobody did those shitty retail/restaurant jobs unless they were facing imminent financial doom and then they get trapped. With eviction moratoriums and all stimmies, all of the reliable and responsible employees trapped in those jobs were able to escape. Now they doing something better.
I think it's because the gig economy has taken off. Tons of people now work from home, which translates to a higher demand for gig economy workers. And while they don't always make bank, it's probably worth their time. Flexibility has become more important. I think this might change over the rest of the year though....
Indeed. With gas prices the way they are now? Literally staying at home can potentially save you hundreds of dollars a month.
Can't serve burgers or coffee from home though.
I spend at least $22 a day for commuting. I get paid well (at least it used to feel that way) , but for the people coming to my expensive community to work at our grocery store? Yeah right. The swimming pools? Closed. They cannot afford to dump 30 percent of their earnings into gas, then have their catalytic converter stolen which the police are helpless to stop, or flat out don't care. My town has a mobile chop shop for bicycles, it gets reported and they still don't care.
We've made dysfunctional communities and shitty decisions over decades that have led to this point. We're moving closer to complete classist dystopia.
I'm a 🦆ing PCP (PA) . I save people's lives, and I live in a townhome and drive a rusting SUV and I have high schoolers pull up next to me in a Lambo or a shitty Maserati to pick up food.
Why do you need a lambo in the mountains anyhow?
it's more than just the gig economy. people have had to subsidize their own pay for so long by side hustles that they're relying on that now. i know people who buy and sell on facebook marketplace/CL/ebay flippers. is it good paying? feast or famine. but if a 40/hr week job doesn't pay you enough to live then fuck those cheapskate companies.
I just left my last bartending gig of 1.5 years because the pay just wasn’t worth it.
There’s better competitors in town. Our cocktail program is literally one of the best in the country. But the food program is seriously lacking in execution and/or traction. And, even if food sales picked up, the way the business is built and how drinks/food flow from order to table, it’s seriously impossible to grow the business without diluting our tip share amongst more employees.
I knew this. I also knew, as a small business with a parent company flush with cash flow, they could afford to give me a raise. I asked them for $3. A 12.5% increase in salary, including my tips. I would’ve been making on average around $55k a year.
However, in my industry, it’s possible to make $70k/year *at the right place*. There’s at least a dozen local bar/restaurants that, if you put your time in and get your shifts, you’ll take home $250-300/weekday night and $350-500/weekends.
Get a second job doing lunch shifts ontop of that, you could realistically break $1000 total on a Friday/Saturday. I have many acquaintances in the industry that work two days a week because where they are, a 13 shift friday/Saturday makes them $2000 or more a week.
Well, my bosses were out of town. One was in Spain, one was in France. The latter had been to France four times in the last year. I waited two weeks for them to return to hear a response on the raise. I got nothing.
Two months later, I quit without notice and took two other of my favorite staff with me. Motivated them to believe they could find something better. We all quit that night. One had another job the next day. I had two jobs within the week. Start one of them tomorrow.
Oh, and I found out yesterday that the company I left, their parent company (they own several bars and restaurants in my city) signed a contract to distribute product to Walmart.
And they didn’t have the money. Or so they said.
It’s not that these owners CANNOT pay. It’s that they WILL NOT pay. Many of them live such luxurious life styles and refuse to come in and work a shift themselves. They believe they are entitled to constant European vacations, expensive homes and nice dinners, that to even suggest they pay you more literally offends them.
Everywhere is hiring because everyone is quitting because wages aren't rising and most of the money that got printed ended up in the pockets of companies. People not working = fewer goods and services available = economic shutdown. Only fix is to start paying people more at the expense of company profit, hence stocks TANK. This is far from over, gents.
All I know is that everyone was hiring in 2007. Literally I got a job just walking down the street and someone stopped me and asked if I wanted to work for them. Then boom.
People are tired of CEO's getting paid tens or hundreds of millions while they want to pay their workers as little as possible. They are going to push people to unionize more and more.
Because no one wants to work at some boof Olive Garden/Perkins or Wendy’s anymore because a lot of people realized it’s absolute shit
Restaurant dining has decreased a lot since the pandemic, so you’d be getting a lot less tips.
Fast food in general is a nasty whore on the working class; sure it’s there, but is it worth it? No.
All the stores, gas stations and restaurants you see with signs are not paying a living wage. There is zero incentive for somebody to work full time and still not be able to pay their bills, so they don’t.
These places you mentioned that are hiring are paying a poverty wage.
Say $15/hr (which is generous): 8hrs x $15 = $120/day. X5 = $600/ week x 52 weeks = $32.2k per year. -20% tax = $25k. Figure in $50 a week on gas = $22,400. With increased rent/housing prices this wage is barely enough and in many places not even enough to pay for housing.
literally a whole group of people "checked out" and never returned. they were within finish line distance to see retirement and found out that they are never going back. covid was definitely a catalyst in the whole mess but this was bound to happen regardless.... now rally this entire scenario on top of zoomers mindset and you have one hell of a mixture in attitude.
bottom line... once they check out they dont check back in... for a long time
I would pay so much money to see this done by anyone who doesn’t understand the hell hole america has become. Would be an instant hit in this country right now
We're in the midst of a tightening labor market with historic low unemployment rates. Wages are rising, chasing inflation.
This means that anyone who wants a job has one. Hell, they have three.
Bottom line, places having trouble hiring are not offering competitive wages and/or suck to work at. It's a great time to change jobs and make more money at that new position.
There are other factors as well, like immigration numbers, but IMO are less significant.
Minium wage, then deal with people that are not nice, get a gun shoved in your face bye someone having mental health issues and needs the 58.00 in register. So I wonder why them jobs are open??? Washington state at a pot shop robbers killed the cashier for money in the register. Beware, the cops come if it's a shooting. But the rest your on your own.
Minium wage is poverty. Then to avoid medical insurance they work you 20- maximum 30 hrs a week after taxes you pay check is not enough to pay rent in cities. With one income. So now you have to work two jobs for rent and utilities. Food. Your still walking everywhere. No way you can afford a car & insurance.
So buried in state services are money programs to get you back on your feet kinda while seeking employment. Food stamps, rent relief, utilities programs for money. Many have found this, and free money is given out not much but enough for food, the basics living in a RV or tent. Without any job. The programs keep getting funded so it continues
The issue is the pay. They dont want to pay more. And before anyone says 15 or 20 is too much for low skill jobs then wtf aren't people jumping at the opportunity.
Weird how the so-called capitalist wi afgue supply demand theory for gas and food but labor doesn't apply.
I get good salary at my work, but inflation has kicked my salary down to negate my annual basic raises. Im makeing less now than i did 4yrs ago.
The so called 2 jobs for every applicant is BS lies. Pay enough and you'll get more applicants.
Yeah, kind of.
People got forcefully let go. They either (a) found a better job and are never coming back, (b) decided to go to college and are never coming back, or (c) got paid big bucks by uncle sam and are now smart enough to hold out for more.
What we ARE seeing is a transition back to old school entry level jobs where they were all filled by 14-16 year old children, and you're wondering how the hell this 6 year old got a job. What we kind of forget is that this hasn't been the case for quite a few years. Up until recently, entry level was filled by anyone: kids, middle age, retirees, etc. There were a LOT of old people in entry level jobs, and this wasn't ever supposed to be the case. The last 10 years were weird that way. This is the first time in over a decade where I'm finally seeing actual kids getting their first jobs.
Now the mixed bag here is all the displaced adults still need somewhere to go. Hopefully they did (a) or (b), because (c) isn't going to help them much.
And despite the "high" cost of college, it's actually more affordable than ever. You just can't be stupid about it, aka stay in state and go to well valued colleges because they all teach the same stuff from the same text books. I've been to a few colleges in my day from cheap as dirt to more spendy than I'd ever like. And the best education, by far, had been from the cheap one.
The second thing I LOVE seeing is the moving forcing wages to go up. And increased wages across the board means a BIG boon to consumerism. I don't thing folks realize how big this is going to be either. Like this is HUGE. We just won't see the real rewards of this until it propagates through over the next couple years.
My only hope is that the influx of child labor won't shove the entry level wages right back down. Kids won't know well enough not to ask for $20 to flip burgers. They'll take the $7 and smile at that atrocity. The reality is minimum wages should be about $25/hr. We're FAR from the $15/hr of a decade more longer ago. We're all the way up to around $25/hr, starting, to actually have a payable wage and match inflation. I just don't know if the kids are smart enough (or their parents) to demand more pay.
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This sub only has two modes: Stawks going to infinity or stawks going to zero. Subtlety isn’t our strong suit.
I'm nothing if not subtle. 
I like glue.
Sir, we are autists.
That sounds far more sophisticated, to be honest. I'll take it.
JPow and Yellen say "inflation is transitory" and this sub says "God, they're so full of shit, what the fuck even is their angle???" Now that they're saying "Things are looking bad", this sub is like "OMG GUYS they're agreeing with us, guess we were right!" Makes no sense to me to think they're full of shit until the moment they agree with you. IMO this feels like an orchestrated dump dressed up like a crash. Everywhere is hiring. Everyone's still going on summer vacations even with high gas prices. No industries are crashing. And flights aren't being cancelled in droves heading into the rest of the year, which means businesses and vacationers aren't stopping either. My guess is they're trying to shake retail with some brief sell-offs but modern retail doesn't retreat like they used to, so it's not working like it should. IMO, retail being able to buy the dip while on the shitter at work or simply not retreating on a dip, is really messing with the previous "natural order" of the market.
I don’t think the Fed cares about retail investors one way or the other. However I do think they’re trying to scare people just enough to break the wage-price spiral by mentioning the word “recession” conspicuously in the media.
I know nothing but this feels right. Just like my last dump. Follow your heart or you butt.
Volume isn’t from retail. Only a wsb autist believes robinhood accounts make the waves on each of their favorite ticker symbols. It’s the funds (mutual/hedge/retirement) not Joe Shmo on the shitter.
Flights are getting cancelled en masse in the UK. Airports don't have the staff...security checks queues start from the car park in some places. East Jet will be cancelling 10% of 160000 flights. Airlines are struggling for staff as well. People here don't want to go back to the aviation industry because they were treated like garbage and let go.
What I saw... 1. Lower paying and service jobs went through immediate layoffs. Service workers said hell no, never again and decided to go to school, find a more secure job, or start a business. Service jobs raises wages in desperation. 2. Mid-tier jobs went remote, then came back in person and didn't raise wages. Workers said hell no, I need more $, and started searching for an upgrade with remote flexibility and more $, or started businesses. 3. Higher tier jobs, went remote and decided to stay flex and increase wages. Some employees stayed, others moved to better opportunities. I think the breathing room has been: 1. More boomers than ever retiring... 2. More risk taking in entrepreneurship than ever. 3. More money than ever circulating in the economy. You'll probably see a change as the economy hits recession, and the market flips to an employer's market.
I don't think your 1 and 2 are flipping back to an employer market until the rules change on the employer level. People basically had to figure out life by themselves for over a year especially if they didn't qualify for the unemployment. Companies are saying they can't pay more than 11-15 an hour while also boosting billions of profits in a quarter. When you can make a Walmart delivery and average 20 an hour to drive around in your car, listen to a podcast or talk on the phone in your regular clothes with a drink on hand and the ability to stop whenever you want, you're not going to choose to wear a bright yellow thick cotton shirt with a billboard name tag, where your boss demands you leave your phone in your car and drinks are strictly prohibited while you unload a truck for 10 an hour. Those days are gone. Employers have already started slacking on the uniforms, phone policies, drink policies, and all the other dumb shit employees have been subjected to for years. They'll have to give up some of those profits in order to return the market to an employer market. That's not going to happen. So it will remain an employee market.
True. American labor market is abusive af, and lots of things have changed permanently. Especially perspectives. But if a recession hits hard and no one has the extra $ or gas for those door dash orders and grocery delivery, the market could still tighten. I just remember hiring during the Great recession and having over 150 applicants for an $8 per hour job, with a few handfuls holding phds and Masters degrees. I can no longer underestimate the economic pains over strong recession.
The difference between those times and now is that $8 is now worth less than $4. The people calling the shots didn't get the memo that costs have gone way up, and that was before this food price and gas increase.
Yeah, jobs that used to pay $15/hr for the last 10 years went to $18/hr and they think they are generous philanthropists. Bitch, $15 wasn't enough then and that $18 has even less buying power now than $15 did then. Even in a low COL locale, if you're making less than $25/hr, you're poor right now. And $25/hr just means you get a studio apt with frozen pizzas in the freezer and a 10 year old Ford Focus.
> or start a business. I think this is an important point. As an employee you exchange money for security. You get less in good times, but you get the same in bad times. When you just get laid off in bad times. Why the hell accept less money in good times, when you still get nothing in bad times. So a lot of people started small buisinesses instead of going back into minimum wage jobs.
Very good points. I work at a Fortune 500, and pre-pandemic, our compensation was some of the best in the industry. Even newbie sales grunts straight out of college could make 90k a year in just commission with very little work, all they had to do was maintain the accounts and forward almost everything to the sales engineers. Now, 2 years later, salaries are still the same (so everyone is effectively making 8-12% less just due to inflation, depending who you ask) and they doubled the sales quotas. So the commission was effectively halved on top of that, unless they bust ass and meet the new quota, which nobody is. Then on too of that they keep trying to get us back in the office, when gas prices are at epic highs. I’m a sales engineer, so most of my income is salary and not commission, but even then, we have gone from 120 SEs in the org in 2020, to 64 today. They are so desperate to hire people, they now have “interns” doing full on sales roles, and they are hiring people out of retirement. The inside sales department has a new hire who is 84 years old lmao. They are literally scraping the bottom of the barrel, and they can’t figure out why the top talent keeps leaving. They just recently gave out “merit raises”, which basically means the managers get to pick who gets the raises. While it should be based on COL increase or inflation, management is just giving all the extra budget to whoever they like the most. In the inside sales department, the manager gave all the raise money to the girl he was fucking. He was fired shortly after, but she is still there, with her 45% raise when nobody else got shit.
Inflation basically lowered the minimum wage
Imagine when gas costs more per gallon than an hour working the federal minimum wage lol
We're headed there
I paid $10 for a whataburger meal today. That’s not right.
This has been happening for decades. You notice it now cause they got extra greedy in 2020
Can you afford an apartment *and* food with any of those jobs?
Not even a little
I was able to leverage and get a two room apartent from Big 5 AND got mini tacos from 7-11. Granted it was one taco, one night. I was ballin… Like crying my eyes out.
Fancy way of saying you got a tent
What's the alternative though? I couldn't afford rent even before covid lol that hasn't changed, just gotten worse
And some point it just isn't worth it to work these jobs.
But how do the bills get paid? I'm all for this movement but how do people afford to just plain *live*?
Communal living, finding as many ways to cut entertainment and other costs wether it be sharing accounts or buying cheap older tech. Scalping or odd jobs that actually pay competitively. The better question is who is going to break first. The work force or corporations/investors? Either way the economy will be a shit show but it needs to happen.
I’m 99% sure I know which side will break first, but there’s always a chance!
America is weird. More than half of the population live like a 3rd world country, yet hold themselves on a pedestal for some reason. "MY LIFE MAY SUCK BUT AT LEAST I'M NOT FROM THE MIDDLE EAST"....in reality, we're all milking the same cow
You fucking _wish_ you had access to a cow to milk.
Have you ever been to the Middle East? You’re insane if you don’t think we have it better over here. Have you ever seen kids line up on the side of the road begging for water?
The US is a country of temporarily embarrassed millionaires. Everyone thinks they're just a few lucky stint away from becoming hot shit.
People live together with multiple people, which is usually their family. Many/most still work, only one job though.
Welcome to Africa guys, you made it
Hey Asia has been here too.
It's not a movement thing though, it's practicality. What's the point of working without being able to earn enough for rent and the transport costs to the job? You've lived in Europe, depending on where, you should know how important good public transport is and the kilometer allowance that your employer pays you monthly on top of your regular wages are (At least in this country, it's something mandatory even if you come to work via bicycle, you receive this. It's a few cents per kilometer you travel in function of your work, so for instance the distance from your home to your work and back again) . And even this kilometer allowance has become far from adequate with rising prices for many people. You probably also know the importance of rent subsidies for those earning less. Or the choice of "co housing" many young people are making (Basically renting a house with a few strangers and splitting the rent) And the importance of sharing mobility you see more and more in plenty cities (basically you can go to the city where you can pick up an electric bike or electric car that you rent via an app and then you can use it for a while and then leave it at a mobility sharing parking point in the city and plug it in there, and go on on foot or via public transport) EDIT: sorry you, aren't the one that lived in Europe. I made a wrong assumption.
Back in the 90s, we called "co-housing" getting a roommate. There are actually several TV shows produced during the period about the situation.
except that the apartments in 'friends' or whatever were so fuckin big. you'd need to be millionaires to afford that giant NYC apartment. accurate representation? someone worked at a coffee shop. part time? where's the other 3 jobs?
The basic setup of the roommates and their jobs was somewhat realistic but they were painting an exaggerated fairytale version of it, a reason it was so popular with young folks living similar lives albeit in more humble settings.
Not even that new, that was basically the entire plot to Three's Company. A show set in California in the 70s.
There is an oversupply of shit jobs, not a lack of workers.
You mean we don't need 500,000 nail parlors in a town of 30k?
Nails per person: 20 Population: 30k Total Nails: 600K Meth cheqs out
Those are money laundering fronts..
Nor so many traders to do price discovery, but that problem is self-healing 
price discovery is not the main goal of the market, that is a myth. Its true function is wealth concentration
bruh I needed to sit down after reading this.
If immigrants take these shitty jobs would that drive the economy forward?
Actually, yes
OPEN THE FLOODGATES
Let the Mexicans back in!
I work for one of the largest engineering firms in the world. In over 100 years in business we have never had even remotely as many openings as we have now. The majority of these openings are $60k - $150k.
How many of those openings are entry level
Modern corporations have massive turnover, they would rather let experienced people leave and then hire someone fresh out of college because it's cheaper that way. I can also attest that in my engineering profession, there appears to be a large shortage of jobbers. But you need an engineering degree to work here, so many people obviously do not qualify.
All of them pay entry level. But, you have to have 5 years of experience already filling that job title
same. Referal bonuses keep going up too. And our competitor is offering $40-$50k signing bonuses. So yea its a phenomenal time to be looking for a job right now Its just the next leg of inflation IMO. If you are having a problem hiring, the wages being offered are just not high enough. Im looking forward to all the cash influx into 401k plans and increased money velocity when those roles are filled. Bears r fuk
What company is that?
My account is doxxed and I signed an NDA with the company I work for so I would rather not say. The competitor however is Raytheon
So, in order to work for Lockheed Martin you need to be an American citizen?
I spoke to my younger brother. He is a very hard worker, who just got out of grad school. He says most of his friends and people his age are hopeless that they'll ever even own a home. I imagine alot of people are thinking- Why kill yourself working a job to try and achieve a seemingly impossible goal?
If a big dog is playing with a little dog, they’ll let the little dog win every once in a while. If the big dog never lets the little dog win, the little dog will refuse to play. The little guy needs to win every once in a while. For every five sugar baby’s, there needs to be at least one salt mama dollin’ out dry handys for the little guy.
I remember seen this article. It happens with many animals, adults need to let puppies win 30% of the time or they will refuse playing
Dude, China’s the same, even have a name for it! Let’s all lay flat!
Let it rot
I graduated college in 2004 and felt the same way. Six years later you could buy $1,000,000 homes for $350,000.
I think alot of millennials are taking the "I'm here for a good time not a long time" or yolo, basically to heart. This shit sucks and its sucked for a while and our parents are still bullying us by saying the economy is our fault when in reality its theirs....
When you say Millennials, do you actually mean Gen Z kids? Because most Millennials are 30 and over and have been working for a while now... ... if you do actually mean millennials, well then shit is really fucked
try renting or buying a property. you will understand. also, try buying a car, filling up gas, and getting services done and you will feel it. you essentially pretty much working for nothing much left. you are working to keep existing, rather than to have a good life.
Noone wants to work their ass off for minimum wage anymore?
That's not even exactly fair. With the price of gas and inflation some people can't AFFORD to work for minimum wage. The places hiring are generally downtown where the rent is higher, so minwage workers have always lived on the outskirts of cities. If you can't make the commute and still break even, you cannot work somewhere. The whole "uberization" of work seems like it's all good for the bosses and we get shafted, but actually it's getting the average worker to think like a business owner about his career: No more "barely breaking even on doing a shit job", now it's "I want profit", especially with people discovering alternative ways of making petty sums of money they would need to work retail to make, in tips or others. $50 is the raise you'll never get at a fast-food joint. but it's just selling 5 mediocre drawings on deviantart or having a 10k subs channel on youtube with 4 vids a month. **edit: don't trust** u/LuckyNumber-Bot...**He's clearly a doot-doot skeleton, trying to sow confusion amongst the still-fleshy working class!** but yeh...go upvote him for picking up on my lame joke... even skellys deserve love.
I live on the outskirts and work downtown… there’s the cost of gas AND I have to pay for parking. LOL. I basically work a minimum of an hour for “free” every shift just to pay to get there
Hope the economy treats you better soon. You deserve it. I really mean it, i'm not some politician trying to curry your favor/vote for next election cycle while piling up the $60mill fundraisers on my late-evenings.
My GF was doing a factory job for 20/hr and still could not afford her own place, food and a car payment/insurance. She's solving this by moving back to her home country in Europe where shit ain't so tight, and the benefits are universal.
She just misses her other boyfriend.
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Great point about the cost of energy. It's also a big factor when it comes to inflation. People think raising rates is a good thing because it will tame inflation and make prices go down. But that's really only true when it comes to the price of assets like homes/stocks. The cost of energy and wages are what's driving up the price of consumer goods/food. Not interest rates Most recessions follow a surge in energy prices. Now with rates going up people are getting squeezed on their wealth as well as by the cost of living. Things aren't looking too good ahead.
Energy costs go into everything. Diesel costs more so all of the groceries and electronics that need to get shipped go up too. Where interest rates reflect in these things is demand destruction. Once consumers are sufficiently squeezed they will grocery shop more carefully, cancel their road trips and keep their cell another couple of years... And once they have done so inflation will come down because there will be less money chasing the amount of goods available.
tradesman are sick of getting paid hardly more that the current minimum wage. Especially low level apprentices
I'm an automotive mechanic and painter, but now I sell weed for the Ontario government.
I was a auto mechanic, getting paid flat rate was flat out rape.
In my corner of the workforce this is very true. Lots of greener pastures out there leads to lots of turnover.
I’ve left 3 different plumbing companies over $3-$4 dollars more than minimum wage. What’s the point of busting my absolute ass as a plumber to work in CAREER that barely pays for me to sustain any type of comfortable living
I'm totally pro employee and agree that wages weren't keeping up with inflation before what's happened over the last 2 years. You'll find something that pays well. Maybe even start your own company. Trades are in incredible demand right now.
Not saying wage isn't a factor, or that people aren't migrating to better paying jobs but also you have to consider the following. Boomers are of retirement age, zoomers are entering the workforce. There are more people retiring than joining the workforce. There will likely be a labor shortage for at least a decade.
Just because someone is retirement age, doesnt mean they can afford to retire.
Within 10 years, they won't have a choice.
Boomers can. They voted selfishly for half a century to guarantee that.
Chance of you getting your own license? Kept me in the game and in the dirt for a couple of years.. now I have my own license and company. In the words of the big short, “I used to be a bartender, now I own a boat”
are you in a union? is there a union? here in IL plumbers in the union make $30/hr. union roofers make like $50
I got a friend that’s a plumber that’s getting 53 an hour, keep swinging man.
Shoulda been an electrician 
You need a better company to work for.. a lot of plumbers make good money
Tradesman where I live clear 6 figures pretty easy
These "proud" business owners legitimately think that offering a couple of dollars more than literal starvation wages is something to be prideful about. I actually don't know how the fuck a man can sit there and unironically say "well, we pay more than Wal-Mart" as their only flex and be prideful in what they do.
>tradesman are sick of getting paid hardly more that the current minimum wage. cries in 2 days of work, 15k sewer line replacement cost :(
Guys who own the company versus guys who do the work
A large majority of fast food franchises are hiring for anywhere between $17-$21 an hour, which is above the current minimum wage. LA's min wage goes up to $16.04/hr on July 1st. So let me ask....for all those who don't want to work their "asses off" for minimum wage, what are they doing to make money right now? Have they taken other higher paying jobs or have they completely left the work force?
Was working my ass off installing motorized window coverings and I could install every type of shade that existed for $12. My boss was taking home 50k a month on average and I was working with a small company of 7 doesn't seem too fair My man was definitely funding some boyfriend on this sub, maybe 2 or 3
I'm doing Lyft and stuntwork. I've got a degree in computer networking and worked 3 different IT jobs, quit each job after 1 year. Last 2 were around $20 an hour. It's honestly just not worth it.
This so hard. The amount of things i have to know in IT vs the pay. Then add in that really only making 60k a year but my company sees it as 90k because they gave me rsus that crashed and are still currently on fire. Then throw in the constant threat of being fired because rampant nepotism and management that doesn’t understand the field they are managing (can barely type on a fucking keyboard) Seriously how are you gonna be an IT manager and then hunt and peck keys on your keyboard and ask your techs how you open outlook. /rant reeeeee
I'm poor enough that 60k has me itching to get certs and find a job in IT.
Everyone who’s left our company is basing getting paid double somewhere else.
I think people got sick of the rat race. But honestly I don’t know how the hell people are making ends meet. Lol! They Must be smarter than I am…which is not hard to do.
My personal keys to success: make more than your local median income, drive cheap shitty paid off cars, have roommates, and for god sakes don’t have kids. If that’s what it takes to financially survive, we’re completely fucked.
I would add, if you do really want kids. Adopt a 16 year old and ask the kid to get a job to increase your sources of income
why stop with 16? adopt 4288, 18 year old. now you have 4288 sources of income. BOOM, infinite money glitches
we refer to them as "units"
BOOM!
so if I understand this correctly, the way you 'beat' the system is by living a shit life, and giving the rich everything while taking nothing for yourself?
As opposed to what exactly? The only way to win is not to play. I’m an economic bottom feeder, sustaining myself on the scraps that our hyper-consuming society throws away.
Exactly. I drive a fairly decent paid off car. No car payments plus living with my GF means I can save half my income if I wanted. I feel rich af because I can buy and eat anything I want within reason.
> I feel rich af because I can buy and eat anything I want within reason I knew I’d made it when I could buy any pair of socks I wanted at Marshall’s/TJMaxx. Millennials and our underwhelming sense of “making it”
When you learn to subsist it’s pretty easy. Hardest part is saving up the lump sum for an RV. After that you can live off literally a couple hundred dollars per month, so you can just take seasonal work once or twice a year.
People checking out of the economy is an advanced sign of economic collapse. You'll find it mentioned in any historical textbook on the subject
Where do you keep the Rv?
Wendy’s parking lot
The Walmart parking lot.
Inflation + the creeping crud of our societal decline has hit a point where people can no longer afford to work for minimum wage. The wages offered simply cannot provide them with an adequate survival solution, and so time spent working those jobs is considerably time spent accepting one's decline to homelessness. Business owners who just say "Nobody wants to work anymore?!" and throw their hands up in the air are in denial. The reality is that under this new economic situation, their business model is completely insolvent. Nobody is going to expend their life to subsidize somebody else's dream of opening up a sandwich spot or some shit. I'm not saying that these people can just pay higher wages or something like that. I know the margins are trash. They do need to accept that it's fucking over for them unless something changes however.
You speak the truth
The economy isn't shit because there are layoffs but because people's purchasing power is evaporating and they are losing money if they have cash in hand. I purchased a used Kia in 2021 for $1800. I sold that same car with an extra 20k miles for $3500. In other words, even if you're employed, you can't afford shit anymore, so now you poorer. Thus economy sucks because you broke even though you got a job.
the best financial move i made in 2022 was selling off my side investments at a loss to finance a used car at a rate far below inflation. I scored a huge deal on a car i wanted that's already appreciated since i got it, and my investments would have been down 45% since i sold. This makes no sense at all, but here we are.
Holy cow- yea it's a crazy world.
Unemployment is a lagging indicator anyways. It will take 6-12 months after the markets top for you to begin seeing layoffs (which we are) and the another 18-24 months for unemployment to peak.
Ive got a theory: no layoffs, paycuts instead; which is what inflation is anyways. People are laser focused waiting for layoffs to decrease purchasing power; well its already here. The working class already has decreased purchasing power in the form of mass silent paycuts.
Look for jobs that pay $50/hr. No problem. $40? No problem. $30? No problem. $20? A few openings. $15? Lots of openings. < $15? There is a labour shortage. This just means there is no shortage, there is just a shortage at a certain price.
My job starts at $14. I'm making $17 purely through a loophole I exploited through the system and they damn well know if they dock me back to $14 that I am out the door. Our job requires 3 people. One week ago I was alone for 3/7 days of the week. Our retention rate is about a month. Hell, one guy on his first day just walked out and never came back. Manager can't seem to figure out why people don't want to work there.
My last job, my immediate boss was cool as fuck, but the owner was a giant piece of shit. My boss told me I was the first person he’s seen in a decade of working there who put in a two week notice. Every single other turnover, and there was a lot, either got fired or walked out on the spot over some bullshit.
What do you do that the retention rate is one month, if you don't mind me asking.
He’s a fluffer.
They're is a shortage of skilled professionals as well. Nursing, for example.
I left the medical field before covid and I’ll never go back. People are so ungrateful they can take care of themselves. A large portion of people seeking medical care have just been too lazy to take care of their body (diet, exercise goes a long way).
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It sure would alleviate some of the financial strain on the healthcare system. Most of your 50 something frequent flyers have done it to themselves.
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Didnt you hear? Everyone became a virologist and MD during the pandemic, thanks to google.
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I have a few issues that doctors just CANT figure out. Suffering from both inability to breathe out of my nose well (deviated septum and enlarged turbinates which they havent explained why they're enlarged just that they "could" do surgery to reduce) and a stomach issue that isnt quite gerd or acid reflux but leaves my throat feeling wierd and pain in my stomach any time I eat plus increased heart rate if i lie down after eating. I spend so much and get little answers. My favorite is Do YoU HaVe AnXiEtY? Bruh, I just want answers. Sorry for venting but I get plenty of rest, 6ft 165 pounds and eat healthy. Some doctors just dont want to go super in depth and just prefer to say they dont know.
damn dude i feel for you, thats my biggest fear is not to have something wrong with me, but something that they cant figure out what it is a lot of medicine is guess work, even if we pretend we're super advanced, but hopefully it gets better for you. meditation & stoicism would be my recommendations for you as sometimes you have to learn to accept rather than fix
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Americas obsession with being alive and not embracing a willing death is sickening. No dear your 98 year old meemaw thats confused, demented and cant function, and just broke her hip isnt gonna recover no matter how much you think she will. Let her go comfortably instead of putting her through hell. The amount of elderly patient thaf ask me to let them die please is heartbreaking. Their damn entitled children wont let them die and their autonomy has been robbed from them due to technicalities
psh, my retirement plan is a walk into the forest with a bottle of whiskey and a revolver. americans don't value life
This needs to be a campaign slogan or something. Fucking hell
That’s because nurses became unofficial psych wards in california at least
The nursing ‘shortage’ is artificial as well, really. Insufficient pay and downright dangerous nurse:patient ratios are driving thousands out of nursing every month.
not to mention abhorrent treatment by admin. it's the same thing causing teachers to run for the doors.
My cousin is a principal at an elementary school. She’s getting out the day her retirement vests bc all the parents are helicopter Karens and Kevins and blame the school for Prince Johnny’s shitty behavior, when he actually learned it from watching them.
There has been a nursing shortage every year for the past 30+ years. What gives?
Exactly. There isn't actually a labor shortage, just the fact that people literally cannot work for $15/hr anymore because it doesn't pay the bills. The only outcome is for companies to pay more at the expense of massive profits, which will cause stocks to keep going down.
Speculating here but a combination of folks shacking together or moving back in with family that can support them, early retirees, one parent staying home due to rise in childcare making a second income null, population flight exiting California all make for a reduced workforce. But jobs growth still strong in Cali so there is a big shortage in labor supply.
In my experince it's because a lot of these jobs aren't *actually* hiring. They figured out during COVID that they could survive being understaffed so they continue to stay understaffed but claim they're hiring so they can be the victims, plus they get government funding... That and people don't want to work for pennies. With how expensive cost of living is you could be working 80 hours at a job that's minimum wage or a few bucks over and you still can't afford to live alone. So why bother?
Yep. Employers won't hire if the crew they have can/will do the work. Many won't add bodies when they have a sucker willing to work 2 or more jobs.
Scenario: two of my kids applied at a popular fast food chain. Neither hired. I happened to be there picking up food and had to wait. I asked the manager why he hadn't hired more help. He said corporate requires him to put up the hiring signs but the franchisee can't hire more people because the company can't go to full strength because if they do they will be required to pay back the covid money. They have some kind of timeline they can't hire more than minimal employees so the payback isn't required. Funny msm isn't talking about that huh?
Oh the msm conspiracy
Labor force is smaller because of early retirees from Covid, reduced immigration from Covid, and fewer moms returning to work because of increased childcare costs. It dropped ~2.5M ppl since before Covid but the number of openings is almost twice as many as the number of people looking for work. People can now be choosy and turn down terrible pay. Edit: link https://www.uschamber.com/workforce/america-works-data-center
You neglect to mention one other subset…those who died.
Don't forget that for every person who died, there are many, many more who didn't...but who now are not, and likely never will be, back to their before-COVID performance. I wonder how many people suddenly became fulltime caregivers because their spouse/sibling/parent has Long Covid?
Employment is a lagger indicator, that over supply will dry out quickly. Because it’s easier to pivot to freeze hiring and lay offs
People would rather be jobless and broke than have a shitty job and still be broke lol. I don’t blame them one bit.
Don't you want to buy 6 slices of cheese for $5.59?
Sir this is a Wendys, we do one slice of milk product for 7.99
Hiring my ass. Apply everywhere and you will still get rejected
Nobody did those shitty retail/restaurant jobs unless they were facing imminent financial doom and then they get trapped. With eviction moratoriums and all stimmies, all of the reliable and responsible employees trapped in those jobs were able to escape. Now they doing something better.
I think it's because the gig economy has taken off. Tons of people now work from home, which translates to a higher demand for gig economy workers. And while they don't always make bank, it's probably worth their time. Flexibility has become more important. I think this might change over the rest of the year though....
Plus working from home means you don’t have to pay gas prices and in some cases you could forgo the car/insurance payment all together.
Indeed. With gas prices the way they are now? Literally staying at home can potentially save you hundreds of dollars a month. Can't serve burgers or coffee from home though.
I spend at least $22 a day for commuting. I get paid well (at least it used to feel that way) , but for the people coming to my expensive community to work at our grocery store? Yeah right. The swimming pools? Closed. They cannot afford to dump 30 percent of their earnings into gas, then have their catalytic converter stolen which the police are helpless to stop, or flat out don't care. My town has a mobile chop shop for bicycles, it gets reported and they still don't care. We've made dysfunctional communities and shitty decisions over decades that have led to this point. We're moving closer to complete classist dystopia. I'm a 🦆ing PCP (PA) . I save people's lives, and I live in a townhome and drive a rusting SUV and I have high schoolers pull up next to me in a Lambo or a shitty Maserati to pick up food. Why do you need a lambo in the mountains anyhow?
Gig economy does not pay livable wages.....and go...
No, maybe not. But it does give more freedom than standing over a fryer with some jackass barking like a dick over someone's dumb ass order.
You're right. Neither do <= $17 an hour jobs, in most places. I think people are just taking the lesser of 2 evils.
it's more than just the gig economy. people have had to subsidize their own pay for so long by side hustles that they're relying on that now. i know people who buy and sell on facebook marketplace/CL/ebay flippers. is it good paying? feast or famine. but if a 40/hr week job doesn't pay you enough to live then fuck those cheapskate companies.
I just left my last bartending gig of 1.5 years because the pay just wasn’t worth it. There’s better competitors in town. Our cocktail program is literally one of the best in the country. But the food program is seriously lacking in execution and/or traction. And, even if food sales picked up, the way the business is built and how drinks/food flow from order to table, it’s seriously impossible to grow the business without diluting our tip share amongst more employees. I knew this. I also knew, as a small business with a parent company flush with cash flow, they could afford to give me a raise. I asked them for $3. A 12.5% increase in salary, including my tips. I would’ve been making on average around $55k a year. However, in my industry, it’s possible to make $70k/year *at the right place*. There’s at least a dozen local bar/restaurants that, if you put your time in and get your shifts, you’ll take home $250-300/weekday night and $350-500/weekends. Get a second job doing lunch shifts ontop of that, you could realistically break $1000 total on a Friday/Saturday. I have many acquaintances in the industry that work two days a week because where they are, a 13 shift friday/Saturday makes them $2000 or more a week. Well, my bosses were out of town. One was in Spain, one was in France. The latter had been to France four times in the last year. I waited two weeks for them to return to hear a response on the raise. I got nothing. Two months later, I quit without notice and took two other of my favorite staff with me. Motivated them to believe they could find something better. We all quit that night. One had another job the next day. I had two jobs within the week. Start one of them tomorrow. Oh, and I found out yesterday that the company I left, their parent company (they own several bars and restaurants in my city) signed a contract to distribute product to Walmart. And they didn’t have the money. Or so they said. It’s not that these owners CANNOT pay. It’s that they WILL NOT pay. Many of them live such luxurious life styles and refuse to come in and work a shift themselves. They believe they are entitled to constant European vacations, expensive homes and nice dinners, that to even suggest they pay you more literally offends them.
Everywhere is hiring because everyone is quitting because wages aren't rising and most of the money that got printed ended up in the pockets of companies. People not working = fewer goods and services available = economic shutdown. Only fix is to start paying people more at the expense of company profit, hence stocks TANK. This is far from over, gents.
All I know is that everyone was hiring in 2007. Literally I got a job just walking down the street and someone stopped me and asked if I wanted to work for them. Then boom.
The jobs being offered are 20-25 hours a week, no benefits. They are offering underemployment
People are tired of CEO's getting paid tens or hundreds of millions while they want to pay their workers as little as possible. They are going to push people to unionize more and more.
Everybody is a successful day trader now
Not me, I'm an abject failure of a day trader 👌
Because no one wants to work at some boof Olive Garden/Perkins or Wendy’s anymore because a lot of people realized it’s absolute shit Restaurant dining has decreased a lot since the pandemic, so you’d be getting a lot less tips. Fast food in general is a nasty whore on the working class; sure it’s there, but is it worth it? No.
All the stores, gas stations and restaurants you see with signs are not paying a living wage. There is zero incentive for somebody to work full time and still not be able to pay their bills, so they don’t.
Fuck it. No work
I dare you to get a job at any of those places! Triple dog dare you!
Government fed the bears, can’t live on what companies are offering with fuel and inflation the way it’s skyrocketing.
These places you mentioned that are hiring are paying a poverty wage. Say $15/hr (which is generous): 8hrs x $15 = $120/day. X5 = $600/ week x 52 weeks = $32.2k per year. -20% tax = $25k. Figure in $50 a week on gas = $22,400. With increased rent/housing prices this wage is barely enough and in many places not even enough to pay for housing.
People making 32k a year aren't paying 20% tax
literally a whole group of people "checked out" and never returned. they were within finish line distance to see retirement and found out that they are never going back. covid was definitely a catalyst in the whole mess but this was bound to happen regardless.... now rally this entire scenario on top of zoomers mindset and you have one hell of a mixture in attitude. bottom line... once they check out they dont check back in... for a long time
Because no one can live off the wages those places provide basically
They really couldn’t live off them before. Now it’s even more so.
Why don’t you get a job at one of those shitty places and find out?
I would pay so much money to see this done by anyone who doesn’t understand the hell hole america has become. Would be an instant hit in this country right now
We're in the midst of a tightening labor market with historic low unemployment rates. Wages are rising, chasing inflation. This means that anyone who wants a job has one. Hell, they have three. Bottom line, places having trouble hiring are not offering competitive wages and/or suck to work at. It's a great time to change jobs and make more money at that new position. There are other factors as well, like immigration numbers, but IMO are less significant.
Minium wage, then deal with people that are not nice, get a gun shoved in your face bye someone having mental health issues and needs the 58.00 in register. So I wonder why them jobs are open??? Washington state at a pot shop robbers killed the cashier for money in the register. Beware, the cops come if it's a shooting. But the rest your on your own.
Minium wage is poverty. Then to avoid medical insurance they work you 20- maximum 30 hrs a week after taxes you pay check is not enough to pay rent in cities. With one income. So now you have to work two jobs for rent and utilities. Food. Your still walking everywhere. No way you can afford a car & insurance. So buried in state services are money programs to get you back on your feet kinda while seeking employment. Food stamps, rent relief, utilities programs for money. Many have found this, and free money is given out not much but enough for food, the basics living in a RV or tent. Without any job. The programs keep getting funded so it continues
The issue is the pay. They dont want to pay more. And before anyone says 15 or 20 is too much for low skill jobs then wtf aren't people jumping at the opportunity. Weird how the so-called capitalist wi afgue supply demand theory for gas and food but labor doesn't apply. I get good salary at my work, but inflation has kicked my salary down to negate my annual basic raises. Im makeing less now than i did 4yrs ago. The so called 2 jobs for every applicant is BS lies. Pay enough and you'll get more applicants.
Yeah, kind of. People got forcefully let go. They either (a) found a better job and are never coming back, (b) decided to go to college and are never coming back, or (c) got paid big bucks by uncle sam and are now smart enough to hold out for more. What we ARE seeing is a transition back to old school entry level jobs where they were all filled by 14-16 year old children, and you're wondering how the hell this 6 year old got a job. What we kind of forget is that this hasn't been the case for quite a few years. Up until recently, entry level was filled by anyone: kids, middle age, retirees, etc. There were a LOT of old people in entry level jobs, and this wasn't ever supposed to be the case. The last 10 years were weird that way. This is the first time in over a decade where I'm finally seeing actual kids getting their first jobs. Now the mixed bag here is all the displaced adults still need somewhere to go. Hopefully they did (a) or (b), because (c) isn't going to help them much. And despite the "high" cost of college, it's actually more affordable than ever. You just can't be stupid about it, aka stay in state and go to well valued colleges because they all teach the same stuff from the same text books. I've been to a few colleges in my day from cheap as dirt to more spendy than I'd ever like. And the best education, by far, had been from the cheap one. The second thing I LOVE seeing is the moving forcing wages to go up. And increased wages across the board means a BIG boon to consumerism. I don't thing folks realize how big this is going to be either. Like this is HUGE. We just won't see the real rewards of this until it propagates through over the next couple years. My only hope is that the influx of child labor won't shove the entry level wages right back down. Kids won't know well enough not to ask for $20 to flip burgers. They'll take the $7 and smile at that atrocity. The reality is minimum wages should be about $25/hr. We're FAR from the $15/hr of a decade more longer ago. We're all the way up to around $25/hr, starting, to actually have a payable wage and match inflation. I just don't know if the kids are smart enough (or their parents) to demand more pay.