Posted on 03/07/2024 10:40:01 AM PST by grundle
link only, as it is from USA Today
(Excerpt) Read more at finance.yahoo.com ...
“Layoffs rise to the highest for any February since 2009, Challenger says”
Good point.
“A lot of job ads are fake.”
That’s okay. The jobs reporting numbers from the Bureau of Labor Statistics are fake as well. That will change when a Republican returns to the White House. Then, all the jobs lost over the past few years will be reported in one fell swoop.
Listen to the recent Brett Weinstein interview how all government statistics in this regard are total bullshi*. It is very eye opening. All politicians are feeding at the trough. We know this but can’t do anything about it.
https://consumer.ftc.gov/consumer-alerts/2023/05/scammers-are-hijacking-job-ads-heres-how-spot-fakes
Scammers are taking outdated ads from real employers, changing them, and posting them on employment websites and career-oriented platforms like Indeed or LinkedIn. The modified ads seem to be real job offers with legitimate companies. They’re not. In fact, their goal is to trick you into sharing personal information.
In our area, the local sports radio station has ads from companies looking for welders, machinists and electricians.
One welding company promised minimum $90K for anyone with 3 years of experience and going higher from there. Welding is a tough job, for sure.
$2-3 Trillion of govt deficit is keeping parts of the economy afloat, and a vast army of unemployable slackers on welfare
If Trump gets elected, they release the real numbers then it looks like the election of Trump destroyed the economy.
Our daughter got laid off on Tuesday. She’s smart, a good producer, and has an excellent network. I hope she bounces back quickly.
A young un from a top 20 school reports that seniors are having issues landing their first post-college jobs. He’s happy that graduation is years into the future.
Our job numbers are a mathematical Potemkin Village. All the best to your girl.
Next, corporations realized that interns could do some of the low-level work. Why hire somebody, pay them, and provide benefits to them just so that they could do grunt-level work? Just hire an unpaid college intern to do that stuff. They get experience, you get some work taken care of at minimal cost. Good all around.
As corporations are now learning, the basic-level AI that is now available can already perform some of the work that those interns took on. Bye-bye interns. More than that, the AI can do a lot of repetitive stuff. Law offices, insurance companies, banks, etc can get by with fewer workers thanks to a bit of AI. At some technology companies, starting out on the Help Desk was common. After awhile you move up to network or programming tasks. But now the Help Desks are gone. There is no place to “start out” except as an experienced network hotshot. Good luck trying that at 22. Fortunately, the Baby Boomers refuse to retire, so there are some old people sticking around doing the work. Sure the young people have minimal chances to gain experience and start their own career – but that’s their problem, right?
So where does that leave us?
Lowest rungs of the corporate career ladder have been thinned out – fewer interns, fewer people doing simple tasks, fewer people gaining experience so that they can position themselves for something more challenging.
And Middle Management has been hollowed out. Even if you get in at the bottom, is there some place for you to move up? If your boss manages 150 people, then you have to be better than 149 of them if you hope to get your boss’s job. Good for you if you make it. Sucks to be those other 149 people who are stuck at the bottom. Forever.
But the people at the top may not have risen up from the ranks. No. They went to Ivy league schools. They got MBAs. They have connections. They tick off all the right “special boxes” to make the roster look good. They came in laterally from other companies where they were already at the top. They have no knowledge of how to actually "do" the work or what it feels like to be on the bottom. They're too good for that. They're special.
Moving up doesn’t happen much now. Careers don’t happen much now. People have gigs. People have “jobs”. They get a paycheck and they go home. There is no hope of anything better than that.
So, you have a crappy job, your rent is $2500 a month, and social media has also devastated the dating scene, so finding a real life partner so that the two of you can work together to tackle life’s challenges just isn’t going to happen. I’d say that 10% of the young people today are looking at a rosy future. Sucks to be the other 90%.
Thanks. It’s the first time this has happened to her and she has all the usual shell-shock. But she always gets to work in tough situations like this.
Thanks so much, MM.
I received scores of job opportunities every a day from LinkedIn, Indeed and a host of 3rd parties. Degrees in engineering with a really strong employment history, professional resumes...NOTHING. Old ugly white fat conservative Christian male doesn’t meet criteria they are looking for. I’ve answered hundreds of spots...most of the time get zero response or an occasional letter number 1 (thanks but).
I have stated this numerous times. I have been at my company for 35 years and we sell to Chemical and Pharma/Plastics industries. The past 13 months are the worst I have ever seen it and there’s no signs of improvement. Our company was started during the great depression——That says a lot right there.
Thanks.
Thank you for the link.
So sorry to hear that, Fuente. Did you land something or are you still out of work?
Our daughter’s boyfriend has a friend who has been out of work two years. He refuses to go backwards in position. I appreciate going backwards is tough and hard to recover from. Not sure that’s the right decision to hold out for the same position or an advancement.
Thanks Biden (and the whole fedgov) for fouling everything up during COVID.
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