Author Topic: Worker Shortages  (Read 494 times)

Re: Worker Shortages
« Reply #15 on: October 24, 2021, 10:26:12 AM »
I wonder about that as well. It make sense that small business have less staying power in bad times. Stability and big market share were always a plus to me when I was job hunting. And smaller companies sometimes squeezed me pretty good when they needed to.
Surprisingly, business failure rates are fairly consistent. Even during the economic downturn starting around 2008, failure rates stayed roughly the same with the exception of the smallest establishments. Notably, it was very small businesses — those with five or fewer employees — that exited at higher rates during the Great Recession.
https://www.lendingtree.com/business/small/failure-rate/

Offline Shiranu

Re: Worker Shortages
« Reply #16 on: October 25, 2021, 03:43:53 AM »
Interestingly, in my family it is the young males who seem to have low aspirations career-wise. Most in their 20s and early 30s working entry level positions, 1/2 of a college degree, no steady relationships, lots of weed and video games. They seem happy and really, that is the main thing. There will be social consequences...but we all adapt.



I cannot find the link off the top of my head, and I don't want yall to take my word for this just because... but atm I just cannot find the articles I am drawing this information from....

Men right now are suffering immensely in the job market; women are getting a fair majority of the college degree jobs, the rate that men are completing college has significantly dropped (from memory it's 40/60 male-to-female, but again take this with a grain of salt because it's from memory and not a direct source), men's suicide rates have spiked... I know there were several other important statistics but I just cannot recall them accurately enough to state them.

Likewise when you look at generational impact, Gen Z is facing a suicide crisis that even millennials didn't have... over the last decade the 10-24 y/o suicide rate has jumped up by 56%, for the 10-14 y/o demographic the suicide rate tripled, millennials saw a 47% increase in major-depressive episodes and 13% of teens reported suffering a major depressive breakdown in the last year.

https://www.businessinsider.com/cdc-teenage-gen-z-american-suicide-epidemic

From personal experience... my alcoholism has become crippling, to the point that I have been intoxicated for nearly a year and a half with only 3-4 day long breaks at a time, and probably at most 3-4 of those breaks. From personal experience with the people I go out and party with... we aren't happy, we just numb ourselves till we don't care; most common drugs of choice is ecstasy and cannabis, but most of us have stopped rolling because now the odds that you are going to get molly laced with fenty or something else are higher than getting something pure. Cannabis can be a bit deceptive; you feel and behave like you are happy, but there is still that voice in the back of your head telling you how shit everything is, and once you sober up that voice is screaming at you.

The only people I actually know who are doing financially stable are drug dealers. 
Terrorism is when you do what we do but wear a different uniform than us.

Re: Worker Shortages
« Reply #17 on: October 25, 2021, 09:22:43 AM »
Damn, Shiranu, that is pretty damn depressing for me.  For you it must be a horror to live through.  I can only hope you can find a better way to dealing with this shitty country. 
Is God willing to prevent evil, but not able?
Then he is not omnipotent,
Is he able but not willing?
Then whence cometh evil?
Is he neither able or willing?
Then why call him god?

Offline drunkenshoe

Re: Worker Shortages
« Reply #18 on: October 25, 2021, 09:53:14 AM »
I'm sorry to hear all that, Shir. Just hang in there. 
"I believe you find life such a problem because you think there are good people and bad people. You're wrong, of course. There are, always and only, the bad people, but some of them are on opposite sides." Havelock Vetinari

Offline Shiranu

Re: Worker Shortages
« Reply #19 on: October 25, 2021, 01:31:03 PM »
It is what it is, I think this is far more the natural order of human existence than the "peaceful, prosperous golden age" (*peaceful and prosperous for certain people, anyways) we went through after WW2.

I did go back and find some of the statistics I was talking about...

https://www.theatlantic.com/ideas/archive/2021/09/young-men-college-decline-gender-gap-higher-education/620066/

For every 6 women, it's 4 men enrolling in college; I cant find the male-to-female dropout rate, but 33% of students drop out of college every year and I would assume it tends to lean more males to females... and when you are talking about public colleges (where the poorer people go) that overall dropout rate goes up to 50%.

On top of that last year 1.5 million less people enrolled in college than 5 years ago with men making 70% of that decrease.

https://www.apa.org/monitor/2019/01/numbers

Rate of death by suicide in the United States increased by 30% between 2000 and 2016, from 10.4 to 13.5 per 100,000 people, with men seeing a 21% increase from 17.7 to 21.4 per 100,000.

I feel like that's slightly starting to get off topic, but also this is the age group that works those jobs and I would assume these problems heavily influence a lot of people's decision on going back to work.
Terrorism is when you do what we do but wear a different uniform than us.

Offline Shiranu

Re: Worker Shortages
« Reply #20 on: October 26, 2021, 08:10:52 PM »
Higher minimum wages? Jobs with benefits? 4-day work weeks?

Nah, Wisconsin has solved the problem... bring back child labour!

https://www.fatherly.com/news/labor-shortage-wisconsin-bill-teens-work/

Quote
According to Business Insider, Wisconsin Senate approved Senate Bill 322, a bill that if passed would allow 14 and 15-year-olds to work until 11 p.m. on some days. This is much later than the current laws allow and “supporters of the bill say it could help plug the state’s labor shortage.”

(Not mentioned was raising the minimum wage. The state’s minimum wage is $7.25/an hour, and hasn’t been raised since the federal minimum wage was raised to that rate in 2009.)

Currently, Wisconsin follows federal child-labor laws which state that kids under 16 years old can only work between 7 a.m. and 9 p.m. from June 1 to Labor Day, which is the first week of September. For the rest of the year, kids 16 and under can only work between 7 a.m. and 7 p.m.

This proposed bill will make it legal for kids to work from the hours of 6 a.m. to 9:30 p.m. on school nights, and 6 am to 11 pm on days where there’s no school the following day.


Was reading a Chinese-media article about this, and they are having a field day about how we criticize them for child labour and yet we are the only UN member who did not formally sign and recognize the articles regarding the inherent rights of children and are passing laws making child labour more common.
« Last Edit: October 26, 2021, 08:12:25 PM by Shiranu »
Terrorism is when you do what we do but wear a different uniform than us.

Offline SGOS

Re: Worker Shortages
« Reply #21 on: October 28, 2021, 08:32:14 AM »
Higher minimum wages? Jobs with benefits? 4-day work weeks?

Nah, Wisconsin has solved the problem... bring back child labour!

https://www.fatherly.com/news/labor-shortage-wisconsin-bill-teens-work/


Was reading a Chinese-media article about this, and they are having a field day about how we criticize them for child labour and yet we are the only UN member who did not formally sign and recognize the articles regarding the inherent rights of children and are passing laws making child labour more common.
We are a capitalist society in decline.  Laws are fine as long as they don't interfere with profit.

Offline aitm

Re: Worker Shortages
« Reply #22 on: October 28, 2021, 01:17:12 PM »
I don’t get to see as much as of what a lot of you are seeing…apparently. In larger scale construction we still have the backbone of production…being Mexicans. The controlling supervisors…90% white….laborers…95% black. At least some of the skilled trades are becoming more colorful…I always push the younger black kids to go to a trade school, you can make some decent money as a skilled tradesman.

Non-the -less, if anything I see not so much a disinterest in work as much as a per occupation with whether your last post got the attention you crave. I have not had a drop off of labor in any fashion, but perhaps construction not being a more cerebral employ has less objections from those in it. No office bull shit. No work from home. Either there or down the road you go. 4 more years for me…or maybe more if the health holds out…boredom would kill me quicker than booze.
A humans desire to live is exceeded only by their willingness to die for another. Even god cannot equal this magnificent sacrifice. No god has the right to judge them.-first tenant of the Panotheust

Re: Worker Shortages
« Reply #23 on: November 14, 2021, 08:02:06 PM »
I think this is, overall, a symptom of a larger problem more than it is a problem in and of itself.  That's not to say it isn't a problem.

The economy is basically going off the rails right now.  The collapse that Austrian economists predicted is happening around us right now.  We have simultaneous high unemployment and a worker shortage.  We have inflation that was supposed to be transitory steadily increasing, and we are being told that this inflation is actually good because it means rising pay.  We have shortages hitting all over the place seemingly at random, and we are being told that the shortages are signs of an economic recovery.  The supply chains are fucked.

We are in the midst of the collapse.
White privilege is being a lifelong racist, then being sent to the White House twice because your running mate is a minority.

No Biden, no KKK, no Fascist USA!

Re: Worker Shortages
« Reply #24 on: November 14, 2021, 09:27:23 PM »
I think this is, overall, a symptom of a larger problem more than it is a problem in and of itself.  That's not to say it isn't a problem.

The economy is basically going off the rails right now.  The collapse that Austrian economists predicted is happening around us right now.  We have simultaneous high unemployment and a worker shortage.  We have inflation that was supposed to be transitory steadily increasing, and we are being told that this inflation is actually good because it means rising pay.  We have shortages hitting all over the place seemingly at random, and we are being told that the shortages are signs of an economic recovery.  The supply chains are fucked.

We are in the midst of the collapse.
If you predict an economic "collapse", every 8 to 12 years you will be right. Right now it looks like strong demand for goods and fuel and a shitty shipping infrastructure that can't meet demand and the backlash effects of Trump's tariffs. Just in case...I have low-side buffers on my stocks. Good idea for old folks to hedge their market positions.

Re: Worker Shortages
« Reply #25 on: November 14, 2021, 09:32:51 PM »
Looks like weed stocks are going up..

Quote
Republican-led bill that would reportedly remove marijuana from the list of federally controlled substances, set up a marijuana regulatory system, and create a 3.75% excise tax on cannabis product sales.

Also talk about about Cannabis-infused beer and other drinks may be a thing.

Offline SGOS

Re: Worker Shortages
« Reply #26 on: November 15, 2021, 08:04:00 AM »
In my mind, I tie the economic problems to the pandemic, but that might be because they are happening at the same time and not necessarily cause an effect.  We have made some progress in ending the pandemic, but the economy is getting worse.  I know that the two things don't have to swing in tandem to affect each other directly.  But the supply chain weakness does seem to be from a worker shortage.  That's what happens when workers die or are afraid to work, so that seems to support the correlation.

With strong demand, usual capitalist theory predicts an increase in supply and inflation finding an equilibrium, and I know those don't happen in tandem either. 

As for all those business closings this last year, those were all because of loss of business.  It happened where I live and mandates were unenforceable, so it seems like that sector of the economy lost because people were afraid to participate either as workers or as consumers during a pandemic.  I think this economic mess is about the pandemic, and I think that's what we need to fix.  The economy may not improve until we do that.
« Last Edit: November 16, 2021, 02:09:51 AM by SGOS »

Re: Worker Shortages
« Reply #27 on: November 15, 2021, 11:00:18 PM »
Hmmmm... about the generational time in grade/occupation.... myself over 20 years with a 100 year old financial company that still has the pensions & other bennies..... but bored out of my mind, kinda admire those younger kids who try to carve out their own gig.  Youth have the most precious commodity .....time....
Life-long atheist, (freethinker, agnostic, never believed also apply)