Posted on 03/09/2022 8:52:25 AM PST by ChicagoConservative27
The number of job openings in the U.S. rose to what would have been a record level in January–if not for the upward revision to an all-time high for December.
There were 11.3 million jobs posted at the end of January, exceeding the consensus forecast of 10.9 million and the prior month’s preliminary estimate of 10.925 million, Department of Labor data showed Monday.
(Excerpt) Read more at breitbart.com ...
Seriously? People wanting to earn a decent wage and refusing to work for peanuts is inflationary?
I do not think the economy is booming/expanding in any meaningful way.
We have a lot of people retiring or walking away from traditional jobs. Seems like a real cultural change for America and I don’t see anyone talking about what’s really going on. I don’t see it as economics as much as it may be psychological. I think a lot of people just don’t want to participate in a system they perceive as broken.
Some real shabby looking able-bodied men out there asking me for money.
(They act like they're victims)
after taxes,and gas that works out to be 9 bucks an hour.which is less than the $388 a week MD unemployment pays.. and I could drink all day, order my groceries and take out. So , its a big fat NOPE for the average joe.
You win the best analogy of the day!
I think we also have a huge new number who are grifting the disability system.
Unfair!
Are people still getting fired for refusing the frankenshot?
Inflation does many weird things to the economy and they are not well understood because they are second and third order effects.
In the case of the labor market the wages that are offered by employers are what they can afford because their other costs have skyrocketed—but are effectively lower in real dollars so they are not competitive.
In the Carter years many more workers were union—and massive strikes in major industries were the result.
In today’s mostly non-union environment, folks just stay home and try to game the .gov system as best they can.
Ford has opening for 350 Electricians - today. My neighbor is a lead electrician at the Ford assembly plant in Chicago - they can’t find any electricians to work in the plant.
Older workers cutting out, Why put up with the Shiite?
SS calculation is essentially maxed out. A few years won’t make a difference.
Many families lost one earner due to a WuHu business closure, dramatically cut profits, lost hours. Budgets were trimmmed, a re-balancing of work/life.
Many have done the calculations: Unless the second earner is on track for future big bucks, the taxes, expenses and BS of the second earner aren’t worth it. Especially with our GOAT PDJT’s tax cuts.
Many folks are re-discovering having one-at-home with the kids is a good thing.
Yet the “official” unemployment rate is under 4%. So what gives? How many have been taken out of the unemployment calculations because the “quit actively searching for work”?
The entire concept of “unemployment” falls apart with any close scrutiny.
Many folks could be lured back into the labor force if wages and benefits were high enough...
and/or government benefits (of a wide variety) were low enough...
We have a lot of people retiring or walking away from traditional jobs. Seems like a real cultural change for America and I don’t see anyone talking about what’s really going on. I don’t see it as economics as much as it may be psychological. I think a lot of people just don’t want to participate in a system they perceive as broken.
I witness numerous retirements and departures. The retirees could have left a few years ago and are now asking themselves, "why am I putting up with this?" Those who are left behind are beyond frustrated with the workload and are departing as well.
The Democrat Riots of 2020 were an eye opener for a lot of people. They saw how many white people were out rioting and looting. People ask themselves, "why am I busting my ass for these corrupt politicians to give my money to their foot soldiers out there looting and burning down U.S. cities?"
I also see problems that started more than a decade ago, where the U.S. government's suppression of tech earnings has created situations where the technology needed can't be met and the service level is regressing. Things that were figured out in the 1990s reappear as though brand new because the code writers and technicians who knew the answers left the industry and their replacements have a fraction of the skill and knowledge. Workers, even outside of IT, are sick and tired of dealing with broken systems and processes that management is unwilling or unable to fix.
I've spent the last two days going back and forth with Customer Service trying to order something online but the company has a problem with their web form. A web form - something figured out more than two decades ago yet this company can't get it to work right. Multiply that again and again and it's no wonder workers have had it.
Well said. That’s what I’m talking about.
Once upon a time, “the rat race” sort of seemed worth it. Work hard, and you make the world a better place, and you get a nice life. But that ship seems to have sailed. I see just about everything getting worse, and the people who seem to benefit the most are the people who are actively trying to make it worse. I just don’t see the point any more.
I don’t care to work to pay for gas. Just turned 65. Winding down one business and coming up with an exit strategy for the other. Then it is time to move as far in to the woods as possble and watch society collapse. We are over 50% there now.
It’s the effects of the Trump economy. Look at how much more people 1-3 years out of college make vs 10-12 years ago.
LOL My first thoughts also. Every time inflation increases, the "solution" by bankers is to lower demand through unemployment and lower wages, never by putting a stop to asset inflation or unlocking supply by investing in real businesses in the US.
Corrupt scum.
Fixed it. Labor is subject to the same laws of supply and demand curve as any other commodity.
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