On 10/28/2022 at 10:52 PM, jsdarkstar said:

Here's the answer again.  The answer is Corporations make Record Profit and drive up the cost of inflation by artificially inflating the cost of goods. 

Now let's see where your answer is to my question? Waiting.

You need to look at the profit margin RATES not the absolute number.

101 example - If you sell a product at $100 at a 10% profit then your profit will be $10.  If inflation results in you doubling the price to $200 with the same profit rate then your absolute profit will rise to $20 but your profit rate will remain at 10%.  So in relative terms the profit level is exactly the same in this example and in the end of the day the relative terms are what counts.

 

The narrative for this topic, like any other, is at risk of being manipulated by the choice of perspective when it comes to the numbers.  You know, Mark Twain's old quote about statistics.

btw - You're welcome.

Tech industry starting to wobble.  Several, e.g. Apple/Amazon have recently announced hiring freezes.  Today Meta announced 11k employees to be laid off 

7 hours ago, DrPhilly said:

Tech industry starting to wobble.  Several, e.g. Apple/Amazon have recently announced hiring freezes.  Today Meta announced 11k employees to be laid off 

Learn to code?

8 minutes ago, CountBlah said:

Learn to code?

I did that professionally for 10 years before jumping ladders. You?

7 hours ago, DrPhilly said:

Tech industry starting to wobble.  Several, e.g. Apple/Amazon have recently announced hiring freezes.  Today Meta announced 11k employees to be laid off 

There are some interesting parallels to the DotCom bust. I see a lot of people looking to buy the dip on tech, and I think they could be waiting a long time for a recovery. Most of these companies aren’t really growth stocks anymore. They’re mature, and their revenue growth isn’t going to be what it once was.

The rotation to commodities is a real opportunity though…

The lesson here is that the "digital economy” only works if the "real economy” is strong and the cash flow and valuations actually make sense.

I also think you’re going to see the same thing that is happening in tech spread to other white collar jobs. There is an entire class of superfluous but highly paid workers that essentially boils down to ESG and every company that divorces itself from them will have a competitive advantage.

 

9 minutes ago, TEW said:

There are some interesting parallels to the DotCom bust. I see a lot of people looking to buy the dip on tech, and I think they could be waiting a long time for a recovery. Most of these companies aren’t really growth stocks anymore. They’re mature, and their revenue growth isn’t going to be what it once was.

The rotation to commodities is a real opportunity though…

The lesson here is that the "digital economy” only works if the "real economy” is strong and the cash flow and valuations actually make sense.

I also think you’re going to see the same thing that is happening in tech spread to other white collar jobs. There is an entire class of superfluous but highly paid workers that essentially boils down to ESG and every company that divorces itself from them will have a competitive advantage.

 

Yeah I saw parallels to early 2000 tech issues a while back and posted in this thread. At some point the bottom line needs to help support the valuation for the more market share growth strategy types. Also, the guys already killing the profit line are just easing the gas pedal a bit to align with the cycle but it still has an impact. 

They told me Biden's plan to curb inflation wouldn't work.

Nah... It was because the Phillies lost the World Series.

43 minutes ago, toolg said:

They told me Biden's plan to curb inflation wouldn't work.

Nah... It was because the Phillies lost the World Series.

Probably more the aggressive rate increases. Very little about the Biden plan is likely to impact inflation much, and certainly not on this short a timeline.

1 hour ago, toolg said:

They told me Biden's plan to curb inflation wouldn't work.

Nah... It was because the Phillies lost the World Series.

 

This election news is so welcome because, if for nothing else, this buys Biden and the Dems time to prepare for 2024, which suddenly looks like a good opportunity. Inflation has begun to decrease without a recession, and I would expect things to stabilize over the next couple years. The Senate map also looks generally favorable for the Democrats in two years.

#winning

On 11/4/2022 at 9:45 AM, VanHammersly said:

Unbelievable jobs president

 

Some are saying he might be the best jobs president ever...

7 hours ago, EaglesRocker97 said:

 

This election news is so welcome because, if for nothing else, this buys Biden and the Dems time to prepare for 2024, which suddenly looks like a good opportunity. Inflation has begun to decrease without a recession, and I would expect things to stabilize over the next couple years. The Senate map also looks generally favorable for the Democrats in two years.

#winning

Without a recession….

lmao

18 minutes ago, ToastJenkins said:

Without a recession….

lmao

 

Well, we're not currently in a recession, so...

On 11/9/2022 at 4:37 PM, DrPhilly said:

Yeah I saw parallels to early 2000 tech issues a while back and posted in this thread. At some point the bottom line needs to help support the valuation for the more market share growth strategy types. Also, the guys already killing the profit line are just easing the gas pedal a bit to align with the cycle but it still has an impact. 

Downsizing workforce so far:

 

7 minutes ago, TEW said:

Downsizing workforce so far:

 

Lies! This job market is on 🔥.

Maybe the people who know how to code can learn how to mine nickle.

Just now, lynched1 said:

Lies! This job market is on 🔥.

Maybe the people who know how to code can learn how to mine nickle.

Yeah, that’s the interesting trend. The blue collar jobs are in extremely high demand while white collar jobs are under pressure. Definitely a new dynamic.

1 minute ago, TEW said:

Yeah, that’s the interesting trend. The blue collar jobs are in extremely high demand while white collar jobs are under pressure. Definitely a new dynamic.

Eventually some of those people are going to need those diploma's to clean their dirty hands.

39 minutes ago, TEW said:

Yeah, that’s the interesting trend. The blue collar jobs are in extremely high demand while white collar jobs are under pressure. Definitely a new dynamic.

Rising rates make investing in automation very unappealing. And much of anything else…

The automotive sector is Fed for a couple of years yet. 

20 minutes ago, ToastJenkins said:

Rising rates make investing in automation very unappealing. And much of anything else…

Automation is more difficult than people believe. It’s easiest in manufacturing, but we don’t do a whole lot of that in the US.

Plumbing, electricians, etc is virtually impossible from an economic view even if we had the technology, which we don’t.

With agriculture, mining and energy, you can make workers more productive through technology, but you still need people who are willing to work rough jobs in rural settings in dangerous conditions.

On 11/9/2022 at 4:19 PM, DrPhilly said:

I did that professionally for 10 years before jumping ladders. You?

That wasn't directed at you.  It was a universal dig as it's use as a witty retort for "other" folks facing a job loss.  

And yes, I've coded for over 30 years now.  Currently using Python for AI/ML and data orchestration after almost a decade not coding.  I'm past jumping ladders and now am in the "I'll do what I damn well feel like it" phase. 

55 minutes ago, CountBlah said:

That wasn't directed at you.  It was a universal dig as it's use as a witty retort for "other" folks facing a job loss.  

And yes, I've coded for over 30 years now.  Currently using Python for AI/ML and data orchestration after almost a decade not coding.  I'm past jumping ladders and now am in the "I'll do what I damn well feel like it" phase. 

Good place to be

17 hours ago, TEW said:

Automation is more difficult than people believe. It’s easiest in manufacturing, but we don’t do a whole lot of that in the US.

Plumbing, electricians, etc is virtually impossible from an economic view even if we had the technology, which we don’t.

With agriculture, mining and energy, you can make workers more productive through technology, but you still need people who are willing to work rough jobs in rural settings in dangerous conditions.

Automation (bots, simple AI) is really taking off in documentation, "paper pusher" type jobs. 

2 minutes ago, Boogyman said:

Automation (bots, simple AI) is really taking off in documentation, "paper pusher" type jobs. 

 

Good, that's where we really need it.

5 minutes ago, EaglesRocker97 said:

 

Good, that's where we really need it.

Yes lol,  but maybe no for some. Those jobs employ people who are not particularly skilled but also lack ability to do physical work. 

36 minutes ago, Boogyman said:

Yes lol,  but maybe no for some. Those jobs employ people who are not particularly skilled but also lack ability to do physical work. 

Yeah, some people will inevitably get hurt by the evolving job market, but it's coming whether we want to or not. That's why first-world nations need to invest heavily in education and job-training to keep their workforces competitive. My original comment, though, was more about how automating documentation makes the location, access, and processing of information much easier and more efficient for those who work with said documents. Whereas, a robot making and serving my food, or taking my call to customer service might increase a company's bottom line but can just as easily interfere with product quality and getting things done in a timely manner. Automation is only truly useful if it increases the efficiency of a service without reducing the quality of it.