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Brandon is killing it
Stock Market/Investing/Day Trading/Speculative Trading Thread
- Thread starter That SOB Van Owen
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Imagine all the spending and fucking up on the jobs front
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Sounds like my Dad but with buying Gold cuz Fox News told him to when Obama was POTUS.
He recently bought a metal detector and says he is going to find confederate gold buried in the ozarks.
I blame the tv show curse of oak island and Fox News for poisoning his boomer mind.
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Wait, did they actually stop advertising gold all over the place?
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Silver really took off too.
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What is the deal with jobs? Everyone and their brother looking for employees. Unemployment rate is low. Extra benefits gone. Moratorium on rent gone (for most states?). Wtf are people doing for money? They're not living off of child tax credits.
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@Jim14510
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, and for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, and for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
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What are they doing in the meantime?@Jim14510
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
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There are a ton of companies that are or already have raised their minimum pay and at least as far as I can tell, that's not really helping. Hell, even the local Casey's is now offering to start people off at $16/hr. I think that's a pretty decent wage for a job like that.
BingoDingo
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Was hoping good numbers would come so taper would be able to start this month...but who the fuck knows now.
BingoDingo
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We will definitely see a boost I'm October/November hiring for sure. Delta coming down and pandemic assistance ending should mean good things...but yeah, no one wants to flip burgers at McDonald's for 12 bucks an hour when there are abundant alternatives at 4-5 bucks an hour more. Fast Food better get them Robots working...@Jim14510
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, and for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
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Great logic and that's the current narrative but I don't believe it's the main reason. I've got retail clients hiring at $20/hour for cashiers still short staffed. It took me 3 months to find 2 employees. I got dozens of resumes and couldn't even get an email/call back most of the time.@Jim14510
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, and for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
You say Boeing isn't struggling to find people. First of all not a great example as the travel industry is still down but that's beside your point. Second do you actually know if higher end jobs are not struggling? My sample size is small but I have a range of small employers and anyone looking for employees are struggling to find people. Not just the laborers/entry level jobs.
Those same people are raising hourly/salary rates and that has made zero difference. Having said all that my experience is very narrow and limited to 95% Omaha area. Story is no different with a couple of Denver, Chicago clients (entry level jobs).
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McDonalds has signs in the window "starting at $18/hour" here in Omaha ftr.
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@Jim14510
Some said it was all because Uncle Sam was giving extra unemployment and stimulus payments to those who needed it, and as soon as those were gone there would be a mad stampede to fill jobs again. Gee, that didn't fucking happen, did it?
The formula for finding more workers is the same now as it's always been: pay them an honest living wage (not a bare subsistence wage) that's actually worth it for the work involved. You don't hear about a company like say Boeing putting out signs saying they're short staffed and can't find enough workers, This is almost entirely a problem affecting companies that don't pay worth shit. Minimum wage hasn't been raised in over twelve years, and it was a paltry sum even then. And Americans still struggle to get basic things like healthcare.
For a lot of people, their jobs were just barely worth it before. Take those conditions, which are still continuing and getting worse all the time, and throw in all the extra shit involved with working during a pandemic, and for a lot of people, those poverty-wage jobs have now fallen below the line where it just Ain't. Fucking. Worth it.
I haven’t seen underpaying for low end jobs for a few years now. As others have already mentioned places like Casey’s and Walmart are offering $15+hr starting + $3,000 signing bonuses I don’t think the answer is blaming businesses for “poverty wage jobs”.
My local McDonalds has a big sign offering $18.50/hr + full time benefits + $2,500 sign on bonus + $2,500 student loan payment/tuition assistance.
But hey, McDonalds and Walmart are good finger pointing targets. Blame em all you want, you might be correct. Somebody still in high school or some older person with no education might be refusing to work for that salary.
Personally, we have been drowning due to short staffed. We aren’t mega corporations like McDonalds/WM so we aren’t offering sign on bonuses or tuition payments… but start house keepers at $18/hr and once they have proved themselves (usually 3 months) they move to $9 per room (good house keepers can do 3-4 rooms a hour).
We start front desk at $20/hr for the morning/afternoon shifts and $24 for nights.
Still can’t find enough employees.
PS: $20/hr with Nebraska’s low cost of living is ridiculous for somebody without a GED and can hardly speak English. Idk what you expect us to pay, when we are short staffed my mother in law or my wife or I do the rooms. The job doesn’t have an education requirement or passing a bar exam or boards.
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PS PS: not trying to fight or w/e, just honestly wonder what you guys think a fair wage would be for a house keeper. My in laws all grew up in a 3rd world country (India and Africa) and my wife moved to the USA from Africa when she was 14. Trust me, we all empathize with our employees and treat them very well. I’d say my in laws provide food for the staff at least 3 times a week, usually more. I personally feel that we pay very well and above market. (hotel industry)
BingoDingo
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Cashiers being hired at $20 bucks and hour and McDonald's hiring at $18.50 is definitely not the norm at all so I'm not sure that changes much from what I posted.
We know that most of the labor shortages are low wage, low skill labor because of job opening data and slack difference from pre-pandemic figures. Most well paying jobs recovered in terms of employment numbers in the past few months.
