[flagged]
2016 socio-economy and 2025/6 socio-economy are vastly different.
US Job Openings Decline to Lowest Level in More Than a Year
121–130 of 376 posts
Re: US Job Openings Decline to Lowest Level in More Than a Year
#122Corporate America is such a weird place. They rather hire immigrants than retrain or educate existing workforce. Everything about the US economy is plug and play then discard. And if they can’t plug and play, they will just scrap the whole thing. That’s exactly what’s happening right now.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#123Earlier quoted context omitted.
Fred also has that answer: https://fred.stlouisfed.org/series/POPTHM Growing up to an estimated 342 million. It also has an estimate for the working population (ages 25-54, so called "prime workers"): https://fred.stlouisfed.org/series/LNU00000060 Mostly flat from 2010-2021, with a recent uptick to 131 million. The discrepancy is likely due to the boomers aging out of the category, and a smaller generation coming in.
Maybe this isn't what you meant, but Millennials are the larger generation and they just finished aging into the workforce category.
The youngest Millennials were 18 in 2014 and 22 in 2018. At this point, it's the smaller Gen Z entering the workforce, not Millennials.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#124[flagged]
Florida has a GDP in line with Australia, or South Korea, or Spain, and with a smaller population. Not exactly what I would call generationally poor. Texas has the same GDP as Italy, but with half the population.
Alabama, US and Bavaria, Germany also have a similar GDP per capita. You would simply be insane to think Alabama was in any way wealthier than Bavaria. This isn't me having a go at the US, this is me having a go at GDP.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#125As someone who's about to quit to go work on their startup, glad to know things are gonna be terrible if everything goes to shit and I need to return to the job market.
Hopefully by the time your startup fails the job market has recovered /s
Re: US Job Openings Decline to Lowest Level in More Than a Year
#126My hot take: We’re already in a recession. We just use AI to justify doing all the same recession behaviors while making it sound like innovation - not hiring this year > AI is making us productive! - no wage growth > AI means we don’t need to raise salaries - layoffs > with AI we can do more with less people - spending less on offsites, work perks etc > we really need that budget for AI - not spending money on that…
My hotter take: we're in an economic death spiral. There isn't enough juice that can be squeezed short of mass wealth redistribution to reinvigorate the economy, and what is out there is locked up in stocks that don't translate to revenue. Slashing rates will just skyrocket prices and over inflate our monetary supply, and further tax cuts will only whittle away what's left of government services and social safety net…
Yeah, there's absolutely a reason that we're not releasing a lot of key economic numbers and it's not because the government needs to clean house of people determined to sabotage things, and it's not because the numbers are so amazing that we have the "best economy the country has ever seen", either.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#127[flagged]
Florida has a GDP in line with Australia, or South Korea, or Spain, and with a smaller population. Not exactly what I would call generationally poor. Texas has the same GDP as Italy, but with half the population.
Try comparing life expectancy instead, it's a better metric for how well the population is actually doing. Those two US states have comparatively high inequality and lower life expectancy, suggesting they're burning human capital to fuel GDP and generate billionaires.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#128Earlier quoted context omitted.
Your fellow Americans disagree, they will buy their stuff from whoever is the cheapest. People need to understand that it matters how they spend. They can't expect everyone else to pay for things to be made in America when they're not willing to themselves.
Is that what we said about slavery?
If you can't reason about the concept of 'price sensitivity' without a slippery-slope invocation of slavery, then I think capitalism isn't for you.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#129Earlier quoted context omitted.
Actually its easy if you're a multinational. You invest outside the United States.
also, future of USD-value is highly uncertain, dropped 10% last year, likely to drop more if interest rates keep dropping
That makes the US a more compelling place for foreign capital to invest in talent though.
Re: US Job Openings Decline to Lowest Level in More Than a Year
#130It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…
The people who I work with who support the current administration don't really value a good economy.
They actually are smug about a worsening standard of living. What makes them happy is "tough talk" on immigration, to them the brutality against suspected undocumented immigrants is a good deterrent.
It's not surprising but it's important to understand how important the brutality is and how unimportant economic growth is. It helps that they Silicon Valley tech workers who are already rich.