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US Job Openings Decline to Lowest Level in More Than a Year

bloomberg.com

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Re: US Job Openings Decline to Lowest Level in More Than a Year

#231

Post by tick_tock_tick »

ben_w wrote: post #171
OGEnthusiast wrote: post #60

Earlier quoted context omitted.

The US needs an offshoring tax. If you want to sell to Americans you also need to hire Americans.

You want to tax foreign businesses that sell stuff to you? Ok, given you can only tax stuff when it passes into your territory what you really have there is called a "tariff", it is paid by… the customer, when they buy the thing. The seller has an entire planet to sell to. The US has about 25% of the money to buy things with, but even then only because we all like your money. Moment we stop liking your money, that pr…

> The seller has an entire planet to sell to.

They really don't there is a reason the EU pretty much instantly caved in the last trade "negotiation" and it's most of the world frankly doesn't have much money. There certainly isn't enough untapped demand to fill a USA sized hole anywhere.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#232

Post by tencentshill »

IncreasePosts wrote: post #113
Herring wrote: post #81

[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.

A lot of rich old people move in and out of florida seasonally, or retire there living off pensions ($0 income).

Re: US Job Openings Decline to Lowest Level in More Than a Year

#233

Post by ojbyrne »

toomuchtodo wrote: post #67
pjc50 wrote: post #64

Earlier quoted context omitted.

shrug enjoy paying more taxes for your consumption, I guess.

Yes, I do want to pay more to bolster my country's domestic workforce vs subsidizing corporate shareholders and offshore workers, while also having that come out of corporate profits. shrug

Personally I’m willing to pay more to support global trade, and reduce the harmful effects of excessive nationalism and imperialism.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#234

Post by spencerflem »

fundad wrote: post #130
mbgerring wrote: post #18

It 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…

It took me so long to realize this but it’s completely true. What they want most is for other people to suffer

Re: US Job Openings Decline to Lowest Level in More Than a Year

#235

Post by joshcsimmons »

crims0n wrote: post #215
Ray20 wrote: post #212

Earlier quoted context omitted.

> They rather hire immigrants than retrain or educate existing workforce The existing workforce is literally the most expensive in the world. And if you add to that its toxicity, what specifically surprises you?

What toxicity is unique to the US labor force?

Yes - same question - maybe I'm a frog in boiling water but same question. The most toxicity I've encountered is when working with large groups of foreign workers that retained their workplace norms from their home country.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#236

Post by Rebelgecko »

CamperBob2 wrote: post #161
ibejoeb wrote: post #118

Earlier quoted context omitted.

This is a real eye-opener. Do you know how to fix how stupid I am? Tell me what's wrong with my analysis. Here's a report: https://www.reuters.com/business/finance/us-lawmakers-scruti... . Is it factually wrong that "In the first half of 2025, Amazon and its cloud-computing unit, AWS, received approval for more than 12,000 H-1B visas, while Microsoft and Meta had more than 5,000 H-1B visa approvals each" and that the…

That's 1H25. How did it compare to 1H24, and for that matter, 2H25?

I doubt 2h25 data is available yet

Re: US Job Openings Decline to Lowest Level in More Than a Year

#237

Post by 0xedd »

crims0n wrote: post #215
Ray20 wrote: post #212

Earlier quoted context omitted.

> They rather hire immigrants than retrain or educate existing workforce The existing workforce is literally the most expensive in the world. And if you add to that its toxicity, what specifically surprises you?

What toxicity is unique to the US labor force?

[dead]

Re: US Job Openings Decline to Lowest Level in More Than a Year

#238

Post by brightball »

toomuchtodo wrote: post #91
vlovich123 wrote: post #83

Earlier quoted context omitted.

I hate to break it to you, but corporate profits are rarely affected. They just pass on the costs of the tax directly to the consumer.

Cool, give me as much statute and regulation required to squeeze companies and encourage competition to drive down profits while protecting workers. This system and game is all arbitrary, we can change the rules (of course, with time and effort). If we have to kill some companies to do this, that's acceptable. As someone wise once said, "We may not always succeed. But never will we be accused of lacking the courage t…

The way you protect workers is to create the most appealing place to employ them for people starting businesses.

Otherwise, those businesses will go to somewhere with a less regulated environment and ship it in.

The only way to truly protect workers is to increase the cost of bypassing the regulations that you want to protect them so that operating within the regulations is the best choice for the business.

This is a disconnect that we see in numerous topics nationally, like pushes to raise the minimum wage which just result in lots of job losses while companies relocate. So instead you see politicians push for a national increase to the minimum wage, so that there’s nowhere else in the US to relocate to because they are all equally expensive.

The moment you start creating policies where the first concern is making sure people can’t escape, it should be an indicator to rethink the policy.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#240

Post by SilverElfin »

ibejoeb wrote: post #118
aldebran wrote: post #97

Earlier quoted context omitted.

You’re misinformed or willingly stupid if you think there are H1 hiring sprees with the last set of changes. H1 hiring has tanked.

This is a real eye-opener. Do you know how to fix how stupid I am? Tell me what's wrong with my analysis. Here's a report: https://www.reuters.com/business/finance/us-lawmakers-scruti... . Is it factually wrong that "In the first half of 2025, Amazon and its cloud-computing unit, AWS, received approval for more than 12,000 H-1B visas, while Microsoft and Meta had more than 5,000 H-1B visa approvals each" and that the…

These are the companies that receive the most H1B approvals because they have large numbers of high skill employees, so it isn’t surprising that they have thousands of visas approved. But the total number of visas across the country is capped annually per the law (by Congress). All H1B workers combined are still only a fraction of a percent of the total jobs in America.

Another thing to keep in mind that these are also the largest and most innovative companies, and that’s in part due to having access to the best available talent. Those H1B workers cost the companies MORE than American workers. These companies have standardized compensation by job and level and it isn’t different for immigrants. But immigrants come with the additional costs of the immigration process, on top of having the same salary. This isn’t a cost saving measure, it’s a path to continuing to stay innovative and relevant.

As for layoffs - these are mega corps so one part of the company may be doing layoffs in their business while another business within the same company is hiring. And you’re seeing the total effects (layoffs and hiring), and it seems contradictory, but it’s actually just a bunch of little decisions that aren’t tied to each other.

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