All according to plan.
Posted on 08/03/2024 12:30:04 AM PDT by blueplum
Nearly 350,000 Americans settled for part-time jobs in July according to Bureau of Labor Statistics (BLS) data released Friday....
Meanwhile, the number of American workers employed part-time because their hours were reduced or they could not find full-time jobs increased by 346,000 to 4.6 million, raising the specter of recession, according to economists who spoke to the Daily Caller News Foundation....
E.J. Antoni, a research fellow at the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told the DCNF. “The Biden-Harris administration has turned the American labor market into a temp agency.”...
Since June 2023, the U.S. has netted a loss of roughly 1.1 million full-time jobs, meaning all of the approximately 2.7 million jobs added over the past 13 months have been part-time, according to the the Federal Reserve Bank of St. Louis (FRED)....
(Excerpt) Read more at dailycaller.com ...
From what I’ve read....agencies are funneling illegals to companies and getting their cut.
Obamacare destroying everything.
For a while Republicans ran on the promise of repealing obamacare. But when they got in it was the usual excuses for not rolling back anything the satanic left has done.
I can’t remember the last time I heard them even mention it.
There are huge federal, state and local penalties for hiring an employee. These hit the employer in the form of mandates for everything from insurance to having a LGBTQ outreach program. (There is a large number of outreach companies the government will suggest for you if you want to pass your audit, and they aren’t cheap.) If you’re paying someone twenty dollars per hour it costs you not-quite double that for the privilege. If that employee isn’t a white heterosexual, then you face the possibility he/she/it/they/them will sue you with a government provided lawyer. Then there is the ludicrous amount of paperwork and if it isn’t right and delivered on time you get fined more than it costs to have that employee for year.
A huge part of why employment is down is because government employees are more numerous than at any other time in history.
It seems scary at first being on your own, but it requires a person to become like a wild animal, with heightened senses, a more energized brain, and a greater awareness that you can and must be creative in your ability to solve problems relating to your survival.
You are left to your own devices and that's a good thing.
It certainly isn't DEI.
I went out on my own in 1988. It was scary as hell at first. Many times I failed, in little ways and big.
But after a long time I realized that I was more alive than ever before. It was scary, but it was also exhilarating.
I understand that some folks work for companies and like/need the security...and that's okay for some people.
But those people who go out on their own soon realize that, as dangerous as it is, it is like escaping a cage in the zoo.
This way, the corporations don't have to deal with W-2s, benefits, HR overhead, etc. That is now offloaded to the staffing agencies. The corporations just pay monthly invoices to the staffing agencies.
Then there is the question of whether those staffing agencies offer health care benefits, 401(k), etc., that workers used to get when hired directly by corporations.
-PJ
I haven't done any contract work in quite a while, but, when I did, I didn't get a W-2, benefits, or office (overhead). That was the whole point of companies using contract workers instead of employees.
I just got a bunch of 1099s.
The American economy is sputtering, with the Biden administration’s fiscal stimulus having run its course and the public and employers alike uncertain about the future.
I know it all began in the 1990s when the IRS made a ruling that contractors were really de facto employees and should be given benefits. That ruling threw a big wrench into the works.
The IRS said that if they came to the company's workplace and the company supplied the tools, the company supplied the work direction, and the company supplied the oversight, then they were employees.
A contractor had to have their own tools, did their work on their own direction, and had little oversight on how it was done.
That began the move to pushing the contractors into hiring agencies that acted as the middleman.
-PJ
Yesterday wasn’t there a 700+ point drop on stocks?
Sure, volatility is picking up. Some key financial event days coming up, could have some big moves heading into the next two weeks. At certain levels, CTA’s are forced to sell and similar concerns. Great time to be a trader.
I think we have reached third world status. A third world country with nuclear weapons. At some point instead of being the world’s peacekeeping force for good we switch to becoming the problem......
Many of the jobs in IT are turning that way now. 1099’s only. Problem with that is that now you have to pay/escrow all the taxes and you need to pay for your own private health/dental insurance.
That is an extremely daunting task for someone to think about.
Health/Dental insurance up to $3,500/month for a family on top of everything else is terrifying.
For me, I'll turn 60 at the end of the year, just about the time when my company will be fully absorbed into the company who bought mine over 2 years ago. Once the data conversions are done, I'll get the boot. Everything out there I have seen has been Contract jobs ... no permanent in the world of IT and Business Analyst (SAP especially). And one thing I especially see is that, if your over 55 ... forget it, no one wants to hire you.
My best option is to drop dead before the end of the year for my family's sake so they get the life insurance.
When I started this endeavor, my business model was simple: Pay myself more while charging my clients less.
It’s amazing how successful you can be when you shed the entitlement mentality that comes with working in the corporate world.
Not all of us, but you know who you are.
We are in a volatile time right now. We have a sputtering economy and we are going into the fall when most layoffs happen. Add in that it’s an election year and a lot of companies cut way back on their spending until after the election.
When I started my own company I was able to do the same work for the same clients — without all that useless overhead.
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