451–460 of 520 posts
Earlier quoted context omitted.
A better question is, why do they continue to pay the colleague in SF, when they can get another rural Canadian for half the price?
Or Indian, Eastern-European or African? Why not actually lower the prices to the global level? Wouldn't that be fair for everyone?
Buyer beware, though.
At least two things happened here: - The pandemic gave most people an unusually-long period of time at home to help them realize all the things they could have been doing (e.g. spending more time with family, not being stuck in a commute), if only their work had not been sucking up all their time and energy. - Income vs. expenses changed to the point where people couldn’t hope to pay off their debts even if they work…
> We all assumed that governments could/would do a lot more to help. They did. The US gave out trillions in aid, more than any other country except Japan (by GDP). If you were unemployed this was at least $2400/month and more if you had children - the end result is that poverty and child hunger went down in 2020 and 2021, not up like you seem to think, and everyone went shopping so hard while they were home it brough…
This drove me crazy when I saw folks I know on social media expressing the same sentiment. People that I know for a fact did not lose their jobs, actually drove and ate out less (saving thousands)…or some griping and complaining that they did not qualify for the payout due to their income.
Earlier quoted context omitted.
> We all assumed that governments could/would do a lot more to help. They did. The US gave out trillions in aid, more than any other country except Japan (by GDP). If you were unemployed this was at least $2400/month and more if you had children - the end result is that poverty and child hunger went down in 2020 and 2021, not up like you seem to think, and everyone went shopping so hard while they were home it brough…
It's the strangest disconnect right now between the actual health of the average person's bank account, and the sentiment that everything is terrible. Like GP is talking about insurmountable debt, but the stats show people actually paid down debt/saved money during the pandemic. I can't disagree that doomsday journalism has a played a role here.
> spectacles like the immense popularity of the "Anti-Work" thread on Reddit — have gone as far as to suggest this record-breaking trend is a movement of young, able-bodied Americans rejecting work altogether. I don't think this is the point of "anti work". The point is (to me) that people should be treated equitably at work and that work shouldn't be the center of our lives
What's up with all the language games lately? "Defund the police". No no, we don't actually mean defund the police... "Anti work". No no, we don't actually mean we're anti work...
> The Great Renegotiation is also a byproduct of inflation. Workers are seeking better pay to keep up with the rising cost of living. Keeping in mind small business is collectively the largest employer and contributor to US output... let's remember the coming rate hikes will greatly reduce available cash to small businesses that operate with credit lines, credit card debt or via home equity lines. That is a LOT of US…
>unless some magical productivity innovation or goods/services advance emerges But there has been the development and deployment of a major productivity innovation over the last two years. It's called Zoom. Or WebEx/Teams/Meet/etc. And while it doesn't work for everybody, the fact that tens of millions of people suddenly have experience working and running their business remotely means that if it does work for someon…
Does zoom increase or decrease productivity relative to email and phone calls? I suspect it decreases productivity.
Earlier quoted context omitted.
> Because it makes me salty to be paid half of what a colleague does because I’m in rural Canada and not San Francisco. Sure but you're paid multiples of someone in Mexico. Can you explain that?
Their example is bad because they used a different country, if you want US wages live in the US. But within the US it's pretty ridiculous. Not all of how you spend your pay is scaled by your cost of living for example... My employer can't predict where I want to retire, yet by scaling my entire pay by cost of living where I currently am they'd be limiting how much I can save. You can live in a high cost of living are…
What are "US wages"?
A police officer in SF or NYC makes substantially more than a police officer in Oklahoma City or Topeka.
Even the US has large regional variations in wages, standards of living, and economic productivity.
> But there are growing fears of a wage-price spiral in which workers, seeing rising prices, demand higher pay — and companies, having to pay their workers more, start charging higher prices. These higher prices lead workers to demand even higher pay, leading companies to charge higher prices, and so on. It's the inflationary cycle of nightmares. Can someone explain to me how this works? I'd assume wages to prices ar…
also they have to account for the ever increasing bonuses to the c-suite. See Chipotle. "While Chipotle attributes raising menu prices to the growing price of labor, some analysts point to high CEO compensation as another factor. In 2020 CEO Brian Niccol took home $38 million, $1.24 million of which was his base salary. The rest was made up of other incentives and an annual bonus." https://www.businessinsider.com/chi…
So that CEO bonus costs ~$0.13 per salad sold.
I'm not sure of the rest of the comp required for the C-Suite, but that seems like a lot. I doubt the CEO's value is irreplaceable.
[0] https://www.laweekly.com/fast-food-using-slow-food-talking-w...
Earlier quoted context omitted.
It's the strangest disconnect right now between the actual health of the average person's bank account, and the sentiment that everything is terrible. Like GP is talking about insurmountable debt, but the stats show people actually paid down debt/saved money during the pandemic. I can't disagree that doomsday journalism has a played a role here.
Okay now compare the average person's bank account with the average rise in cost of housing.
IIRC a lot of new people became homeowners in 2020 or relocated somewhere cheaper, which is a positive sign. If rent is going up, that should be fixed by building more housing, which the admin is working on.
> The Great Renegotiation is also a byproduct of inflation. Workers are seeking better pay to keep up with the rising cost of living. Keeping in mind small business is collectively the largest employer and contributor to US output... let's remember the coming rate hikes will greatly reduce available cash to small businesses that operate with credit lines, credit card debt or via home equity lines. That is a LOT of US…