A better discussion could be about whether these posts actually produce meaningful leads for anyone.
Lowest “Who is hiring?” Post Count in 30 Months
171–180 of 318 posts
Re: Lowest “Who is hiring?” Post Count in 30 Months
#172Can we get a "Who is firing?" post going?
We'd then also need a "Who wants to be fired?" post.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#173Earlier quoted context omitted.
This could be considered a good thing. The whole point of increasing interest rates is to lower business investment and consumer purchasing power, which is what we need to do to combat inflation (or magically fix all supply chain issues.)
Zimbabwe has 200% interest rates and 280% inflation iirc https://www.africanews.com/2022/06/28/zimbabwes-key-interest... Why am I being downvoted? All this is is a data point showing that rising interest rates don't have to bring down inflation.
Those numbers don’t mean anything.
The currency in Zimbabwe is so unreliable that barter has become the principal way of saving and storing wealth.
Zimbabwe has “cow banks.” You take your cash salary, and give it to the cow bank. The cow bank uses the cash to buy a cow.
The cow is put into a pen. You can make surprise visits to ensure the cows are alive, healthy, and not being “shared” with other customers.
Interest rates are based on the fertility rates of cattle, not central bank policies.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#174I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
https://www.financialsamurai.com/best-time-to-start-a-busine... “ The Best Time To Start A Business Is During A Downturn”
Financial Samurai strikes me as sadistic. His post about Mr. Money Mustache's divorce is pretty horrible example of soulless SEO headings kicking a rival blogger when down https://www.financialsamurai.com/mmm-divorce/
Re: Lowest “Who is hiring?” Post Count in 30 Months
#175Day of the week matters. I didn’t post my job postings because I didn’t look at hacker news on Saturday.
The who is hiring post is always done on the first business day of the month. In this case it was Monday, not Saturday.
That might be another factor - people set their reminders for the 1st.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#176I 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…
I get the same feeling - the only thing to me that makes sense is that people with money are afraid that a full scale war might break out as a result of Russia and perhaps China or North Korea etc. 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…
> and people as a whole seem better off than they've been in a while...
Some people. The lower classes are definitely struggling a lot more recently, especially given the rental market going bonkers.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#177I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
Despite two quarters of negative GDP growth, the current justification for saying we are not currently in a recession is that the unemployment rate is so low.
The current stated goal of the Federal Reserve is to raise the unemployment rate from 3.7% to a target of 4.4%.
What you are remarking on as possibly a self-fulfilling prophecy is instead the result of official policy achieving its goal.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#178One reason is that crypto is down and the flurry of random crypto startups are absent right now. Compare the number of posts in December 2021 for reference, which was peak crypto of recent times.
Crypto itself, or at least the bubble, was an unintended byproduct of low interest rates and lax securities enforcement. The low interest environment is intended to spurn the monied rich into investing in productive businesses, but "innovators" instead invented crypto assets and lauded them as the second coming of Mansa Musa, siphoning nearly a trillion dollars out of the productive economy. Clever crypto "innovators…
> Now that the government itself is providing that outlet
Inflation adjusted nothing the government is selling is earning other than I-bonds (individual yearly buy limit of $15K). With Trump's energy output restriction deal with Saudi and others expiring inflation may slow, but the situation of gas in Europe over the winter seems poised to keep it up (CPI doesn't include energy directly, but it feeds back in).
Re: Lowest “Who is hiring?” Post Count in 30 Months
#179Earlier quoted context omitted.
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…
Given Congresses inability to get almost anything done other than the absolute "must-do's" like NDAA and yearly appropriations and then 1-2 big ticket admin items, why do you think that Congress has the capacity, much less the will to control or even exert significant interest over the Fed?
I think that if the Fed stopped acting in the interests of Congress’s real principals, who are observably not the general electorate, then we would see exactly that. It’s instructive to observe the cases where Congress reliably acts promptly and more or less unanimously. Pare off the procedural stuff and other fluff of course.
Re: Lowest “Who is hiring?” Post Count in 30 Months
#180I don't know the intention of the author, but I see like a lot of "Look, it's happening! The economy is going down!" posts pop up these days. Which may be true, but it can also be a self-fulfilling profecy if everyone is doing that on all platforms. Which would be a shame. I'm not saying HN and other platforms should censor (/ take action) either. It's just a thought I have on this subject, and I don't know if there…
Despite two quarters of negative GDP growth, the current justification for saying we are not currently in a recession is that the unemployment rate is so low. The current stated goal of the Federal Reserve is to raise the unemployment rate from 3.7% to a target of 4.4%. What you are remarking on as possibly a self-fulfilling prophecy is instead the result of official policy achieving its goal.
>Despite falling GDP, the current justification for saying we are not currently in a recession is that jobs and employment numbers are high.
Pretty sure a recession is two quarters of negative growth. Rationalization hamster wheels notwithstanding.