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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

#281

Post by NickC25 »

93po wrote: post #258
kypro wrote: post #206

Earlier quoted context omitted.

How is that weird? If American's can't compete with the wage expectations of foreign workers then they're not going to be hired. If US workers can't compete then vote for less immigration. It's not the corporates or the foreigners fault, it's the government that's putting those groups first over US workers.

its not that they're putting people who are immigrants over US workers, they are putting corporate profits before US workers. the US is terrible at protecting american jobs for americans. i am not overly educated on this but it seems like a lot of countries, europe specifically, are extremely protective of their jobs. i don't think americans are somehow inherently more worthy of employment and opportunity than people…

>the US is terrible at protecting american jobs for americans.

I recently finished Peter Zehan's The End of the World is Just the Beginning and in it, it explicitly says that the American economic order was created in such a way that the loss of American jobs over time was by design.

Basically, as the American worker and consumer expects more and more, we need a larger international system to support that ("a rising tide..." analogy). However, we let the profits derived from such a system wind up in a smaller and smaller group of self-interested people who don't give a damn if the whole system goes belly up, because they've "got theirs". Such short-sighted thinking.

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

#282

Post by websiteapi »

microtonal wrote: post #260
websiteapi wrote: post #208

Earlier quoted context omitted.

Go look, you see these types of articles every year, not just 2016.

In other years, the US was not threatening to annex allies, blow up NATO, etc. To speak in Hacker News terms, the world is slowly and increasingly faster going to rebase away from the US. Sadly for the US, their biggest arch enemy (besides DEI), China, is going to benefit from it hugely. Frenemies that play according to a rule book are more worthy than frenemies that have gone insane.

In other years they used similar excuses like China and then Trump in 2016 and then Covid, then J6, then Covid again… Again, doomer mentality.

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

#283

Post by NickC25 »

jeffbee wrote: post #119
jibe wrote: post #44

https://fred.stlouisfed.org/series/JTSJOL Job openings are still very high, ~30% higher than the average for the last few decades.

Thanks. It is very funny how young people perceive this market. Unemployment is basically lower than it has ever been and people are panicking. Prime age labor force participation rate near all-time record highs. The people are almost dangerously over-employed.

I'm young-ish transitioning to middle age (36).

The job market is AWFUL for my generation, and pretty much always has been since we entered the workforce.

Unemployment might be low if you think that folks with advanced STEM degrees can go and get a part time gig at McDonald's.

If you look at meaningful employment - where one can make enough to live near where they work, save a bit, pay food/rent, and spend a bit for their leisure or health, well....no we are not over-employed. We are in a death spiral.

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

#284

Post by jeffbee »

NickC25 wrote: post #283
jeffbee wrote: post #119

Earlier quoted context omitted.

Thanks. It is very funny how young people perceive this market. Unemployment is basically lower than it has ever been and people are panicking. Prime age labor force participation rate near all-time record highs. The people are almost dangerously over-employed.

I'm young-ish transitioning to middle age (36). The job market is AWFUL for my generation, and pretty much always has been since we entered the workforce. Unemployment might be low if you think that folks with advanced STEM degrees can go and get a part time gig at McDonald's. If you look at meaningful employment - where one can make enough to live near where they work, save a bit, pay food/rent, and spend a bit for…

You seem to be mostly making a cost of living argument, with which I wouldn't disagree. But you can't employ/pay your way out of those costs, the problem is on the supply side. So that seems spurious to an employment rate conversation.

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

#285

Post by [deleted] »

vlovich123 wrote: post #147
toomuchtodo wrote: post #91

Earlier quoted context omitted.

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…

Are you going to stop at killing corporations? I can imagine a few people might also try to stop you from this people’s revolution you’re envisioning.

[deleted]

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

#286

Post by potato3732842 »

acdha wrote: post #275
potato3732842 wrote: post #204

Earlier quoted context omitted.

I'm talking about people who shower after work not people who shower before work. I have no doubt that people who are having AI foisted upon them by admins at the behest of someone else hate it. They use AI as basically a leveled up version of the summaries google used to provide for certain search types. Saves them a bunch of obnoxious clicking around on the internet or in software that was never designed for mobile…

That’s usually also followed shortly by learning that you can’t trust the results or you’ll be making customers whole.

These people usually know enough to know when it's "not quite right". Same "don't trust the docs" story that existed in many workplaces long before AI

An example I saw recently was someone asked for a modern equivalent of a grease that's no longer made/relevant and it replied back with some weird aviation stuff. The "real" answer wound up being "just use anything, the builders intent in specifying was to prevent you from using tallow or some other crap 100yr ago"

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

#287

Post by notepad0x90 »

93po wrote: post #280
notepad0x90 wrote: post #23

I was just telling someone the other day how all the talk of civil wars and unrest were overblown, Americans will never resort to that with the economy the way it is. Even in the '08 recession (and even worse scenarios), recovery was a possibility. There would be no jobs at the time, but you can reasonably expect them to be created in a few years. You could go to school and switch careers. But I think right now there…

where will brain drain go to? what's the better country for highly educated and desirable workers? especially for americans?

I can only speculate, but many are going back to their home countries. China is also ok-ish from what I hear (at least in Beijing, Shanghai, Chengdu and Shenzhen). Native born americans are also trying very hard to move to Canada, UK and EU.

But your question is what is a better country for them? A year ago, I would have said none. But I'm sure you're seen the same news that I am where even when immigrate legally, work hard, obey the law,etc.. even having real-ID proof is of no use, they get jailed. the threat of imprisonment alone, just for existing is scary, I'd say just about any other country that won't throw you in prison for existing is better. They're also talking about revoking citizenship of Americans so non-nonchalantly, hardly anyone cares. I don't even if the US is safe right now just for getting your degree at an Ivy-league school.

You said "especially for americans" - they're talking about getting rid of H1Bs right now, my comment is about the brain-drain from immigrants. The majority of the time, it isn't to save money, but the talent just isn't there in the US. Even in software-dev, there is a sort of flood of compsci grads right now, but it's only so because so much of these positions are filled with immigrants. Many other fields will have strong demand, and if the supply could be bootstrapped in a few years it isn't a big deal, but while americans get degrees (which isn't happening like before! it's really really bad right now) american companies lose their competitive advantage. Look at the CEOs of Nvidia, Microsoft, Google, they 're the type of people ICE would be eager to throw in prison were it not for their wealth and connections. Go to Arxiv.org to see pre-prints on research papers from various industries, look at the names of who's publishing.

You have to understand that the current environment and government in the US is specifically to drive out immigrants. There is a reason ICE has a higher budget than the US marines right now ($50B), they're not at the border arresting illegal migrants, they're hunting legal migrants in american cities. There are many countries where there are little opportunities for work, and population and government are very hostile to migrants (russia for example, or even japan in certain cases),but you will not have to fear being thrown in jail at-random, or constantly fear for your safety, especially for those who have family hear, I can't image what it must be like.

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

#288

Post by hunterpayne »

Eric_WVGG wrote: post #51
bluedino wrote: post #39

Earlier quoted context omitted.

Doesn't every president do that, just to do different industries?

It's the rate of change. Things like NAFTA took many years to implement, and were debated and developed in the open. Everyone understood what would happen to the economy and that there would be a decade of transition. Nobody announces the largest tariffs since the 1930s overnight, and selectively increases or dismantles them from week to week. Just look at this line graph: https://www.usfunds.com/resource/americas-ta…

"that's gone forever."

Your US history teacher failed you if you think even for a moment that is true.

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

#289

Post by MandieD »

Ray20 wrote: post #242
s_dev wrote: post #124

Earlier quoted context omitted.

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.

> You would simply be insane to think Alabama was in any way wealthier than Bavaria. Is it accurate? Europe has a fairly low standard of living compared to America, but their totalitarian governments are quite effective at silencing all dissent.

Yes, life in Bavaria, working in manufacturing, is nothing but miserable oppression. Horrible 35 hour work week. Wretched 6 weeks of vacation. Ruinously expensive 500 EUR/month daycare. The prospect of having to pay a couple hundred Euros per semester when my child reaches university.

The good wine is now 8 EUR/bottle.

Suffering and deprivation.

Do not come here, I beg of you. Save yourself.

I had to use extraordinary means to get this message out.

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

#290

Post by jibe »

coryfklein wrote: post #210
jibe wrote: post #44

https://fred.stlouisfed.org/series/JTSJOL Job openings are still very high, ~30% higher than the average for the last few decades.

This has been called out by the Moody's Analytics economists in their podcast [0] for a while. The generally accepted explanation is that online job postings no longer map 1:1 to actual open positions at companies, ie many companies are not actually hiring despite having a listing for an open role. This has become common enough that it has gained it's own term: "ghost" postings/listings. [0] https://www.moodys.com/we…

We also have the unemployment numbers, and they are low. If job openings were largely ghost listings, and we were in a stealth recession, we'd see it in rising unemployment. Now unemployment HAS been creeping up, but still is low. If it hits 5% then I'd worry about a downturn.
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