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.
Are people still getting fired for refusing the frankenshot?
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”?
It should be interesting at work soon. One woman got very good ratings and the traditional 3% increase. She asked for more, was refused and quit for another job causing the company to have to bring people from out of town to cover for her until her replacement is hired (probably for more money) and trained. She was the first I know of to get the annual review and I expect a lot more to use their 3% raise as the baseline for their negotiations at new jobs. I wouldn’t be surprised to see over a 20% turnover in the next month
I often wonder - if we have a stock market that continues to decline past bear market levels - that (along with painful inflationary prices of every commodity) could very well propel some previously retired workers to return to the workforce. Am I missing something in this feedback loop?