Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

U.S. job openings post biggest drop in more than four years

reuters.com

Post reply on HN
Print view View original

91–100 of 276 posts

Re: U.S. job openings post biggest drop in more than four years

#91

Post by 12xo »

mrosett wrote: post #50
12xo wrote: post #37

Earlier quoted context omitted.

Wow... That's an interesting assertion and frankly, crazy. Care to explain? Fundamentally there is no difference is the debt at .01% or 15%, if one cannot make the payment, they are in trouble. If the holder of the debt cannot collect, they're in trouble.

Not that I entirely agree with the parent, but as you said: > if one cannot make the payment, they are in trouble. That's a function of cost of borrowing, not the amount borrowed.

If you also mean negative interest, than yes. Otherwise, the rate of interest is meaningless if the debt cannot be collected.

Re: U.S. job openings post biggest drop in more than four years

#92

Post by Diederich »

slumdev wrote: post #21

On its own, this probably doesn't mean anything. But it's important for us to pay attention. Technologists live in a world of negative unemployment, so it's easy to forget that everyone else is subject to macroeconomic cycles. Even if you were laid off after the Dot-Com Crash or the Great Recession, you didn't have it anywhere near as bad as someone outside this industry.

> Technologists live in a world of negative unemployment

I would amend that to say:

"Many technologists live in a world of frequently negative unemployment"

Re: U.S. job openings post biggest drop in more than four years

#93

Post by getoveritbruh »

grecy wrote: post #73
Turing_Machine wrote: post #32

Earlier quoted context omitted.

> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.

And what percentage of the poorest 50% of Americans have even $5,000 in any kind of retirement savings?

With platforms like robinhood, and the trend toward lowering the bar to investment, even people like me ( <3% of income is "disposable" (which in and of itself probably isnt true as I have student debt)) can start doing SOME investment. Ive been poor my whole life, and have made a point since my teens to keep savings. Only recently did I begin investing however. This is a result of benig surrounded by people who don't make enough money to buy the things they do. Everyone has a choice of how to spend there money. To pretend the 12 bucks you spent on PBR and cigs is a better way to spend the money than to put it towards savings is the crux of the problem according to my personal experience.

Re: U.S. job openings post biggest drop in more than four years

#94

Post by kccqzy »

aerovistae wrote: post #27
skrowl wrote: post #11

All 3 stock indexes record high opening. Consumer confidence 20 year high. Enormous USMCA trade deal finally passed by US Congress after the House sat on it for a year. Reuters just salivating over finding something they can spin as negative about the current economy.

Except, of course, as people are finally starting to notice and point out, high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings.

Definitely no. The popularity of 401k plans and as such makes the fortunes of many middle class Americans directly tied to gyrations of Wall Street.

Re: U.S. job openings post biggest drop in more than four years

#95

Post by linuxftw »

erikpukinskis wrote: post #17
joelbluminator wrote: post #14

I actually kinda want the stock market to crash although all of my money is in it. At least we'd all stop worrying about when it's gonna crash once it has and move on with our lives :)

A coworker told me he thinks as long as people think it might crash it won’t crash.

Markets don't organically crash anymore. They just halt trading, the central bank pledges to increase their balance sheet, the cycle continues.

Re: U.S. job openings post biggest drop in more than four years

#96

Post by cmdshiftf4 »

grecy wrote: post #73
Turing_Machine wrote: post #32

Earlier quoted context omitted.

> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.

And what percentage of the poorest 50% of Americans have even $5,000 in any kind of retirement savings?

"More than one in five (22%) Americans have less than $5,000 saved for retirement, and 15% have no retirement savings at all. That’s an improvement from 2018 when 31% had less than $5,000 saved and 21% had no retirement savings at all."

Source: https://news.northwesternmutual.com/planning-and-progress-20...

Re: U.S. job openings post biggest drop in more than four years

#97

Post by [deleted] »

akvadrako wrote: post #88
lame-robot-hoax wrote: post #72

Earlier quoted context omitted.

Good god, is this supposed to be ironic? Imagine trying to paint Reuters as biased. Next thing you’ll be telling me that the Associated Press is biased as well. And really? USMCA? You mean NAFTA 2.0? Imagine acting like “passing” USMCA has any meaning. It’s just NAFTA. Tell me when we pass the TPP. Oh wait, we messed up and now that ship has sailed without us. This is news whether you like it or not. Sorry, there is…

Most news organizations are biased one way or another. About 90% of reporters are left of center, that probably also applies to Reuters. They do keep the spin to a minimum, I’ll give them that.

[deleted]

Re: U.S. job openings post biggest drop in more than four years

#98

Post by abakker »

robohoe wrote: post #52
Turing_Machine wrote: post #32

Earlier quoted context omitted.

> high stocks only benefit the top 10% of society, and are a useless indicator for the vast majority, who have little to no holdings. This is absolutely not true. Most pension plans are at least partially invested in stocks.

Agreed. In addition to pension plans (most government employees), all 401K plans invest into stocks/indices. That's a huge chunk of regular middle class people throwing money into the market. Just because some people don't actively day trade, it doesn't mean that they're not affected by stock market.

Also, increasing stock prices are usually a key component of corporate finance, which will yield job growth, or promotion, or investment inside the firm, which are all good for employees. Even if much of the wealth generated directly by stock increases happens for the owners of the company, it enables the company to operate.

Re: U.S. job openings post biggest drop in more than four years

#99

Post by 2zcon »

departure wrote: post #62
rusttoxic wrote: post #29

Earlier quoted context omitted.

Ummm what are pension funds?

Less than 13% of US private sector workers participate in pensions plans[0]. [0] https://www.pensionrights.org/publications/statistic/how-man...

You're not including the defined contribution retirement plans, which are a vehicle for investment.

N.B. I believe 'pension' ≡ 'defined benefit' is an American English thing, which may the source of the confusion. I, my employer, and my provider refer to my private, defined-contribution plan as a pension.

Re: U.S. job openings post biggest drop in more than four years

#100

Post by tomtheelder »

Domenic_S wrote: post #75
departure wrote: post #62

Earlier quoted context omitted.

Less than 13% of US private sector workers participate in pensions plans[0]. [0] https://www.pensionrights.org/publications/statistic/how-man...

Nearly 22 million people work for the state, federal, and local governments, nearly 20% of the active workforce. https://www.bls.gov/oes/current/999001.htm

Okay so adding those numbers with the private sector ones you still get that the vast majority of American's aren't benefiting.
Post reply on HN