Earlier quoted context omitted.
It's the only way we know of to stop greed/fomo running rampant. Folks need to be put in a time-out to cool off and force them to reprioritize. We like to think of the market as this calculated and rational entity. It's far from that, in fact it's closer to the opposite of that. The other option is to do price control, but that won't fly in capitalism.
There are other levers that can be pulled. Taxes are one example that could be much more targeted at the specific sources of the "greed/fomo running rampant". We instead chose to take it out on everyone.
Lowest “Who is hiring?” Post Count in 30 Months
141–150 of 318 posts
Re: Lowest “Who is hiring?” Post Count in 30 Months
#142Similar discussion a few months ago: https://news.ycombinator.com/item?id=31675201 This thread by myself contains a BigQuery to reproduce the data + a chart of Who is Hiring posts over time: https://news.ycombinator.com/item?id=31675750 Here's a new chart of up-to-date data: https://docs.google.com/spreadsheets/d/13yGlJzFpVzZ-WNHAOsdo...
Re: Lowest “Who is hiring?” Post Count in 30 Months
#143Re: Lowest “Who is hiring?” Post Count in 30 Months
#144Has anyone actually gotten much success in either direction (hirer/candidate) from these posts?
Re: Lowest “Who is hiring?” Post Count in 30 Months
#145I feel like people are trying to wish the economy into a recession / depression, but I really don't see it happening. I do see some belt tightening wrt SaaS expenditures. There's still a massive demand for labor. While the housing market has fallen, the actual cost of buying a house is still rising. Rate increases have well outpaced the list price reductions. So I think all this talk of a recession is just a bunch of…
Otherwise when I look around it seems like the restaurants are busy, people are taking holidays (even those who wouldn't usually), and people as a whole seem better off than they've been in a while...
It kind of seems like the view of the economy is being manipulated, because here on the street everything looks hunky dory.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#146I feel like people are trying to wish the economy into a recession / depression, but I really don't see it happening. I do see some belt tightening wrt SaaS expenditures. There's still a massive demand for labor. While the housing market has fallen, the actual cost of buying a house is still rising. Rate increases have well outpaced the list price reductions. So I think all this talk of a recession is just a bunch of…
It feels like _something_ is happening, but it's not quite the recession that people are fearing. The US is somehow at the lowest unemployment rates we've seen and people are saying it's all going to collapse which just feels off. If the US hits 5% unemployment that simultaneously worse off than where we are but still a solid economic position. My pet theory is that everyone is just tired, so damned tired, and seeps…
Re: Lowest “Who is hiring?” Post Count in 30 Months
#147Has anyone actually gotten much success in either direction (hirer/candidate) from these posts?
Re: Lowest “Who is hiring?” Post Count in 30 Months
#148Earlier quoted context omitted.
I don't think people should downvote you for disagreement, but I do disagree with your analysis. The US has a system where the Fed lets banks manage the money creation, and they control that by changing the interest rates to change the bank's incentives. In Zimbabwe, the government prints money directly (or at least they did under the Mugabe government, I am not up to date on their current affairs), which means that…
The Fed is a creature of Congress, which is to say that Congress completely controls the Fed. All talk of the Fed's independence has no constitutional basis. The Fed was created by an act of Congress and can be restructured, abolished, or otherwise changed however Congress likes by subsequent acts of Congress. Indeed, in the history of US central banking, Congress has done so before. Therefore, the Fed's continued ex…
Re: Lowest “Who is hiring?” Post Count in 30 Months
#149Re: Lowest “Who is hiring?” Post Count in 30 Months
#150Earlier quoted context omitted.
It feels like _something_ is happening, but it's not quite the recession that people are fearing. The US is somehow at the lowest unemployment rates we've seen and people are saying it's all going to collapse which just feels off. If the US hits 5% unemployment that simultaneously worse off than where we are but still a solid economic position. My pet theory is that everyone is just tired, so damned tired, and seeps…
Tired of (or from) what? With the major exception of the pandemic/remote work, the world is not markedly different than it was in 2013 or 2003. What makes it seems like 2023 is so different?