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Inflation and Shortage Observations

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Problem is that automation goes overseas. No jobs for those displaced except retail or menial labor. Education and retraining doesnt work for that population. Thats why they had those trivial jobs to begin with.

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On 11/11/2022 at 3:07 PM, Boogyman said:

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

Right. The low hanging fruit. I have a friend who is a partner at a major law firm, and they’ve been able to use some of this to downsize the number of associates they hire.

But the rubber meets the road in the most fundamental jobs, and that’s the biggest problem. Even if we could build a robot that could fix power lines (or whatever), it would still be cheaper to just pay someone to do it.

Over 5.5 million illegal aliens have entered the US in the first 20 months of Joe Biden’s administration.

That on top of 25 million illegal aliens here.

2023 should be AWESOME!

34 minutes ago, lynched1 said:

Over 5.5 million illegal aliens have entered the US in the first 20 months of Joe Biden’s administration.

That on top of 25 million illegal aliens here.

2023 should be AWESOME!

Well somebody has to wash these cars and pick this fruit, and it ain't gonna be me. 🤷‍♂️

6 minutes ago, Eaglesfandan said:

Well somebody has to wash these cars and pick this fruit, and it ain't gonna be me. 🤷‍♂️

Then drive a dirty car and go hungry. Freedom of choice. 🇺🇸

Biden’s policies winning so much the Fed wants to slow it down.

Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades - and there are now almost two jobs for every person looking for work

  • Christopher Waller, one of six members of the board of the Federal Reserve, on Wednesday addressed the Annual Economic Forecast Luncheon, held in Arizona
  • Waller, a governor of the Fed since December 2020, used his speech to emphasize 'the Federal Reserve's ongoing fight to reduce inflation'
  • He urged employers not to give any pay rises, saying that it was pushing up inflation
  • 'At any other time, I would be pretty unhappy about slowing growth, but not now,' Waller said 

hey Waller, STFU!

How's the "transitory inflation" working out for everyone?

On 11/17/2022 at 10:09 AM, Talkingbirds said:

Biden’s policies winning so much the Fed wants to slow it down.

Fed tells employers to STOP giving pay rises in order to bring inflation down: Warns wages are rising faster than they have in decades - and there

The largest generation America has ever seen, aka the baby boomers, is in the process of retiring.  In addition to all of those jobs that are now empty they are taking all of their capital and using it to live rather than making it available for investing.  At the same time the millennials are hitting their prime spending years.  All of that means rising interest rates and big worker shortages, especially in the trades.  None of that will change for years.

6 hours ago, Bacarty2 said:

That Work force is probably the only posative that this entitled generation has  given us

I'm not impressed by them in general. A couple I'd keep around. The rest......pass.

Still not a recession...

 

Freightwaves, employees received the following statement,  "At the instruction of the board of directors of United Furniture Industries Inc. and all subsidiaries, we regret to inform you that due to unforeseen business circumstances, the company has been forced to make the difficult decision to terminate the employment of all its employees, effective immediately, on Nov. 21, 2022.”

Every week I send a suggestive picture of myself to my many admirers. I call it my "bod" cast.

Who's in?

21 minutes ago, JohnSnowsHair said:

Worth noting most of these are in business and recruiter roles. Speaks to the hiring freeze.

Core developers are going to be fine though some will no doubt get trimmed as the company takes advantage with a bit of grooming.

9 minutes ago, DrPhilly said:

Core developers are going to be fine though some will no doubt get trimmed as the company takes advantage with a bit of grooming.

Yeah there is some fat that can and should be trimmed in IT to be sure. 

Elon's approach is stupid though. It may work at SpaceX or have worked in a past generation in IT,  but he's signaled to every competent developer in Silicon Valley that Twitter is a terrible place to work. 

Everything is relative, but nobody in SV is going to treat talented dev staff as Elon is and be able to attract talent. 

10 minutes ago, JohnSnowsHair said:

Yeah there is some fat that can and should be trimmed in IT to be sure. 

Elon's approach is stupid though. It may work at SpaceX or have worked in a past generation in IT,  but he's signaled to every competent developer in Silicon Valley that Twitter is a terrible place to work. 

Everything is relative, but nobody in SV is going to treat talented dev staff as Elon is and be able to attract talent. 

Well we weren't talking about Elon in this discussion but yeah, he's taking a huge gamble by blowing it up.

5 hours ago, JohnSnowsHair said:

Yeah there is some fat that can and should be trimmed in IT to be sure. 

Elon's approach is stupid though. It may work at SpaceX or have worked in a past generation in IT,  but he's signaled to every competent developer in Silicon Valley that Twitter is a terrible place to work. 

Everything is relative, but nobody in SV is going to treat talented dev staff as Elon is and be able to attract talent. 

Depends is you want to attract snowflakes or real entrepreneurs 

1 hour ago, ToastJenkins said:

Depends is you want to attract snowflakes or real entrepreneurs 

Talented creatives can sometimes be both

36 minutes ago, JohnSnowsHair said:

Talented creatives can sometimes be both

Nah

If he keeps it up, the only "talent" Elon is going to be attracting, are all the passed over right-wing rejects that were too stupid to work at Parler or Truth Social.

11 hours ago, ToastJenkins said:

Nah

Keep seeing the world as you wish it to be, not as it is. 

A mere speedbump on our way to $11/gal!

1 hour ago, toolg said:

Yes! Thanks Biden!

 

It's in the $2.90 range most places here.  Doesn't help Walker and Kemp's runaway inflation case.

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