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Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

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Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#11

Post by pdimitar »

blixxe wrote: post #3

I'm likely going to get flamed for this but its just an opinion... These types of articles always imply there is a smokey back room of fat cats that are plotting to screw over their employees. Aren't we driving this behavior by flocking to stocks that are unreasonably profitable? A lot of us here probably have at least some market investment that we want to see go through the roof and the most likely way for these co…

You sound like a rent seeker who, you know, is seeking for more rent.

I urge you to think of the people and not only of your investment portfolio. A lot of good honest people out there are periodically told they are not doing enough while they have been on the brink for years.

Would you want that for your parents? Would you want increased stock profits on the back of millions of families?

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#12

Post by mercy_dude »

Real problem is elites in this country from both parties made it clear they are much more concerned about wage growth than anything else. This whole last 14yrs of extraordinary asset inflation, which by the way they conveniently don’t take into account into the calculation of core CPI by some opaque terms like “hedonic adjustments”, didn’t bother Fed that they should perhaps slow down buying bonds and stop QE. Oh but the moment the worker wages finally started to rise, Fed which at this point is an extension of the elites (I mean what gives a guy who was a well connected lawyer in his past life to decide when to raise rates) decided it is time to raise the rates hard. Bunch of scumbags.

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#13

Post by anm89 »

The productive outpute of a worker has increased. This doesn't mean that the worker has become more productive. This means that the combination of the worker and the tools they are using (ie capital) are more productive. If the only thing that has changed in this equation is that capital is purchasing better tools to make their workers output more than it isn't particularly surprising that workers aren't seeing those productivity gains in their wages.

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#14

Post by justahuman74 »

anm89 wrote: post #13

The productive outpute of a worker has increased. This doesn't mean that the worker has become more productive. This means that the combination of the worker and the tools they are using (ie capital) are more productive. If the only thing that has changed in this equation is that capital is purchasing better tools to make their workers output more than it isn't particularly surprising that workers aren't seeing those…

Discussing worker productivity somewhat misses the point, the worker doesn't care about company productivity at all, they care about being able to provide for themselves. It's quite plain that corporate profits went up and cost-of-living went up, but wages did not. There's no avoiding the working being disatisfied with this circumstance.

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#15

Post by olliej »

"Quiet Quitting" is BS, and not a thing.

It is not quitting if you're not doing work while you're not being paid.

It is not quitting to not answer calls from your boss when you're not being paid.

It is not quitting to work "only" your assigned hours.

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#16

Post by imtringued »

blixxe wrote: post #3

I'm likely going to get flamed for this but its just an opinion... These types of articles always imply there is a smokey back room of fat cats that are plotting to screw over their employees. Aren't we driving this behavior by flocking to stocks that are unreasonably profitable? A lot of us here probably have at least some market investment that we want to see go through the roof and the most likely way for these co…

I hope everyone is aware that the origin of capitalism is liquidity preference in combination with a permanent money system aka 0% interest on cash.

What this means is that everyone, even the poorest people on earth are capitalists, they just have very little influence over the economy and they gain very little from it.

The only difference between the poorest and the richest is the order of magnitude. Millions of tiny little "schemers" can be worth thousands of millionaires.

The prisoners dilemma works as follows. People have the option to consume and invest or to save money. The goal is to create a bigger stockpile of money just in case the rest of the economy decides to abandon you. This means people prefer retiring at the end of their life rather than taking a few years off in their younger years. As people save more and more there has to be more debt as well to prevent deflation. People are worried that they end up being the one in debt so in response they start saving too. If everyone starts saving, and nobody consumes or invests the economy reaches a standstill.

So no, the problem isn't buying stocks. As ironic as it might sound, that is the "anti-capitalist" part.

Capitalism's defining feature is a prisoners dilemma where people are saving without investing, resulting in a constant need for more public sector debt.

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#17

Post by luckman212 »

jmclnx wrote: post #2

This is exactly the issue, in the past, if you worked retail you were able to make a nice living. I had a few Uncles (WW2 veterans) who did very well in retail as a salesman. They were able to buy single family homes and put their children through college. Now, the majority of people in retail need EBT Cards just to avoid going homeless. Walmart even helps their employees to get on EBT. Time to reel in these companie…

Well you better "reel in" the entire internet then. Can't put the genie back in the bottle, and turning a profit running a retail establishment is dying in most cities, and already dead in some (NYC for example). Where do you expect these pay raises to come from? The robots are coming, they are coming fast, and they will replace all of us (perhaps even the ones who program the robots).

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#18

Post by wahnfrieden »

luckman212 wrote: post #17
jmclnx wrote: post #2

This is exactly the issue, in the past, if you worked retail you were able to make a nice living. I had a few Uncles (WW2 veterans) who did very well in retail as a salesman. They were able to buy single family homes and put their children through college. Now, the majority of people in retail need EBT Cards just to avoid going homeless. Walmart even helps their employees to get on EBT. Time to reel in these companie…

Well you better "reel in" the entire internet then. Can't put the genie back in the bottle, and turning a profit running a retail establishment is dying in most cities, and already dead in some (NYC for example). Where do you expect these pay raises to come from? The robots are coming, they are coming fast, and they will replace all of us (perhaps even the ones who program the robots).

We’ve already seen hundreds and thousands multiples productivity gain through automation without fewer people working. It’s been to the benefit of owners and investors

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#19

Post by wahnfrieden »

imtringued wrote: post #16
blixxe wrote: post #3

I'm likely going to get flamed for this but its just an opinion... These types of articles always imply there is a smokey back room of fat cats that are plotting to screw over their employees. Aren't we driving this behavior by flocking to stocks that are unreasonably profitable? A lot of us here probably have at least some market investment that we want to see go through the roof and the most likely way for these co…

I hope everyone is aware that the origin of capitalism is liquidity preference in combination with a permanent money system aka 0% interest on cash. What this means is that everyone, even the poorest people on earth are capitalists, they just have very little influence over the economy and they gain very little from it. The only difference between the poorest and the richest is the order of magnitude. Millions of tin…

This is why organizing is so powerful (and obviously the rich are also organizing)

Re: Analysis Shows 'Quiet Fleecing' of US Workers–Not Quiet Quitting–Is Real Problem

#20

Post by wahnfrieden »

anm89 wrote: post #13

The productive outpute of a worker has increased. This doesn't mean that the worker has become more productive. This means that the combination of the worker and the tools they are using (ie capital) are more productive. If the only thing that has changed in this equation is that capital is purchasing better tools to make their workers output more than it isn't particularly surprising that workers aren't seeing those…

Workers historically have gained access to those productivity gains through organizing against owners however the US is highly atomized already
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