Posted on 03/07/2024 10:40:01 AM PST by grundle
Didn’t I read that all NEW hires for the past several years have been foreign born???
One of my daughters got laid off in May and still doesn’t have work. She has a computer science degree. She only has a few years of work experience. She’s married and her husband has an excellent job.
My other daughter lost her job in June and still doesn’t have work. She has a master’s degree in data analytics. She’s disabled and can’t handle loud job environments. Not sure what she’s going to do.
So there aren’t reportedly 8.9 million job openings? Saw a sign yesterday “Diesel mechanic needed here!”. Didn’t see a single “ DEI Pro needed here!” anywhere. Weird huh?
The Average Hours Worked Per Week keeps going down. That means a lot of the “rosy numbers are actually just representing part time jobs.
I was in that position 30 years ago. I took a 20% pay cut for a new job, but within a couple of years I was back to my layoff salary. A few years later I was making more. I am of the opinion that some cash flow is better than no cash flow.
“I am of the opinion that some cash flow is better than no cash flow.”
Agreed. Plus there is a lot of dignity in work and being productive. You are paying your way, not being a burden on others, and don’t have time to wallow in self-pity.
I moved from a stable career in energy for 27 years or so, but got thoroughly sickened by the politicization of the industry. Everything went from good, sound technical decisions to politics and “green” (which is also politics). I jumped to high tech the last 12 years of my career and wound up getting laid off FOUR times. Ugh. But I kept bouncing back in my 50s and early 60s.
Now add in banks and tech companies hiring hordes of cheaper H1b Indians for the lower level work instead of hiring younger Americans.
Because those younger Americans never got their foot in the door with the banks, they won’t be climbing the corporate ladder either.
I read an article the other day about how Millenials and Gen Z stand to inherit a LOT of wealth in the next 20 years from the Silent Generation and the Boomers. The problem is they’ll be in their 40s without having had careers. As a Gen Xer, I had a very tough time during the Great Recession but finally did find my career footing after that. Kids in their early 20s today......yikes.
Yes. On a net basis, no new jobs went to Americans.
1. a lot of job ads are fakes
2. a lot of job ads are only placed to make it appear that a legitimate, fair, merit-based selection process exists
3. a lot of job ads are only placed to make it appear that an EEO-compliant process exists
4. some job ads are so politically-charged (with, usually, far far far leftwing buzz=words) as to turn any normal human being off from even applying to work in such lunatic asylums
5. some job ads are so over-laden with highly-specific “insider” (often technical) jargon as to befuddle even highly- qualified persons with multiple graduate degrees (Interview question: what do you believe you could bring to the specific job duties of this position? Answer: I’ve no idea, no human being could possibly decipher the secret code cryptography of the job ad... and when I fed the ad into my IBM computer’s advanced AI program it blew the fuse. What in Hell does the position actually do, anyway?)
6. In the past, there were some employers that would not hire blacks, Latinos, Jews, Catholics. And they at least told you so at the outset. Nowadays, many jobs will not hire Whites/Caucasians, Asians, Jews, or Catholics. But due to federal laws they won’t tell you so. So hundreds of hours are utterly wasted applying for nothing — and they will frequently just fill the position with a far less-qualified person that happens to have been born in their desired, favored “minority” group.
1. I work in a STEM field where you don’t get rich, but you never have to look hard for a decent job.
2. I happened to enter my field at a time when schools were turning out very small cohorts of graduates in this profession … so people in my position and age group are in high demand.
fwiw the states also release numbers and they are not nearly as rigged as the Fed numbers.
In the state numbers, the Southeast is currently booming.
The rest largely depend on the covid re-opening dates. The right to work red states that opened faster rebounded faster and to this day have lower unemployment than the blue states.
The economy is doing better than expected despite the most anti-business admin in US history.
The reality is if Trump had won, we’d be seeing record growth.
I had a tour of a car plant some 20 years ago courtesy of a relative in the business. We talked to to the plant manager and he mentioned how brutal the business can be. When money is flowing many employees spend like drunken sailors and when layoffs hit all hell breaks loose for many of them..
In my first job out of college, I was in field service engineering in power plants. We had a generous living allowance, so we could bank most of our income if we were inclined. I learned a lot about human nature and thrift:
* I saved about 75% of my income for five years and bought a house.
* A colleague bought race cars, exquisite leather jackets, fine cars and lived high on the hog. He left without a dime of savings.
* Another colleague bought Saltine crackers and peanut butter by the caseload and probably saved over 95% of his income for quite a few years. He could easily hold a dime between his butt cheeks. I’m not sure what happened to him.
Not to mention the fumes/gasses can kill you.
Ditto that. I've done similar...
It’s tough depriving yourself in your 20s, but it sure is a great payoff later in life.
Well done!
I finally got work after four months. I had three interviews after selling myself to over 100 companies. On most of them, I matched my resume with the job requirements. Nope. I was hired by a company that is growing and realized knowledge and wisdom will propel them into the future. Not some 20 something with nothing to offer but code.
My take is the earlier one figures it out the better. I was in my early 30’s when it happened to me..
Haven’t worked a regular job since 16. Painted houses, did handyman stuff, 3rd party recruiter, tutor...still a musician. Advanced Engineering Degrees and leadership experience has been a career death sentence. Did some consulting too.
I apparently went backwards to get my current job. It’s a good job, and it pays 25 dollars an hour. What’s wrong with that, you ask? Well, the amount of income it takes to be middle class is now around $100K. I’m earning about half of that.
I do take responsibility for my previous job loss. I moved to Florida to escape the DC area during COVID, and then we were called back into the office . . . in Silver Spring, Maryland. So I lost that job. So I bear responsibility.
But I will ALWAYS pin some of this mess on Joe Biden and his Dem and GOP collaborators in Congress. Their Communist nonsense is making things so much worse than they have to be.
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