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The Economy

Discussion in 'Sports and News' started by TigerVols, May 14, 2020.

  1. Jake from State Farm

    Jake from State Farm Well-Known Member

    26A67B60-1247-41EC-BC4B-8255A52C0A10.jpeg
     
    Baron Scicluna likes this.
  2. maumann

    maumann Well-Known Member

    So if I stick my hair up under my hat, can I go in and ask them why?
     
  3. swingline

    swingline Well-Known Member

    Ahem.
     
    maumann likes this.
  4. sgreenwell

    sgreenwell Well-Known Member

    Hey, it sounds like they have jobs enough for both of you everywhere!
     
    maumann likes this.
  5. Sam Mills 51

    Sam Mills 51 Well-Known Member

    I will go in, shake my hair everywhere and ask what the problem is.

    But who will join me as the freaky person?
     
  6. swingline

    swingline Well-Known Member

    Until two months ago, I had a well-groomed caveman level of hair.
     
  7. 2muchcoffeeman

    2muchcoffeeman Well-Known Member

    It turns out that people don’t want to return to shitty working conditions.

     
  8. Inky_Wretch

    Inky_Wretch Well-Known Member

    Again I say, with raw materials skyrocketing in price and the disintegration of the supply chain and work in progress I'm not optimistic about continued growth.
     
  9. The Big Ragu

    The Big Ragu Moderator Staff Member

    The BLS is telling us that unemployment is high. ... and at the same time, there are millions of jobs that are unfilled. It's a complete absurdity.

    At the same time, our government was mailing checks out to people and created an unemployment benefit that made it so that there were millions of people getting paid more to stay home and watch Netflix than they had been making when they had a job.

    I heard an interview with Tilman Fertida earlier this week, in which he said his Vegas hotel is booming right now. ... business is as good as it has ever been. That is without the convention business he used to rely on.

    But he can't find workers to staff the hotel. The people who would have worked there in the past are the ones who are coming there to gamble, go out to dinner and shake off the pandemic! He said he doesn't know whether to love the mess they have made out of this country, or throw his hands up in disgust.

    It's absurd how people are twisting themselves into pretzels to try to create an alternative explanation for the most easily explained (and what was predictable) thing ever. News flash: Most people don't enjoy their shitty jobs. They do those jobs because they have to put food on the table. When the country embarks on a fantasy where someone else will put food on your table for as long as we can collectively run up debt living the insane fantasy, yeah, nobody wants to (or has to) face their shitty job.
     
    Last edited: May 27, 2021
  10. TigerVols

    TigerVols Well-Known Member

    My client's having a terrible time keeping a niche position filled...he's blaming the benefits. When told he needs to pay this niche position a higher wage, he scoffs at it. "It costs me too much and sets a bad precedent." And yet, what he fails to grasp is that his constant problems keeping these positions filled are causing him to (a) pay me a lot more [disincentivizing me to urge him to sort it out too much] and (b) losing longtime customers who are used to a level of service they are no longer getting.

    I imagine it's the same in many industries.
     
    2muchcoffeeman likes this.
  11. sgreenwell

    sgreenwell Well-Known Member

    Okay, I understand this a bit, but as someone who's been on unemployment three times, thanks to the journalism industry, I don't understand how people are making the benefits stretch and cover their nut, even with the additional cash they're getting. We're now (roughly) in month 14 of this bullshit. My suspicion is that a lot of people working restaurant jobs found other stuff that was equally unpleasant to work, but that actually pays a wage equivalent to the work. In the article quoted, it sounded like one person had switched to home healthcare, which on the surface seems more unpleasant, but I doubt there's a ton of difference in the "satisfaction" of having to empty a bed pan vs. cleaning the back of a kitchen.

    My other thought - There were probably too many restaurants that could eek things out by paying employees the smallest amount possible, but they can't compete if they pay competitive wages. This works if every restaurant is doing that, and the same thing with the retail space, but all it takes is a couple big boys like Wal-mart going to $15/hour and suddenly, you're fucked.
     
    I Should Coco and 2muchcoffeeman like this.
  12. The Big Ragu

    The Big Ragu Moderator Staff Member

    Well, eventually you don't have a choice. Either you find a way to pay people more or you can't operate your business.

    Speaking in a macro way, it works out in one of several ways. Either those businesses have to raise prices and pass them along in order to play that game, in which case nobody benefits. That higher wage people earn will get them the same standard of living they had earning a lesser wage, because prices are going up all around us (what is actually happening quickly at the moment). Or, if it gets resolved in a more disorderly way for some businesses, you have businesses between a rock and hard place, and they end up going out of business because they find they can't pass along the cost. And the economic fallout from that cascades downward.
     
    Last edited: May 27, 2021
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