Earlier quoted context omitted.
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Thank you for the insightful rebuttal!
It's not a rebuttal. There's no rebuttal to someone's personal story.
What's Behind the Sharp Drop in Labor Force Participation?
31–40 of 88 posts
Re: What's Behind the Sharp Drop in Labor Force Participation?
#32Earlier quoted context omitted.
Thank you for the insightful rebuttal!
It's not a rebuttal. There's no rebuttal to someone's personal story.
Go pick a metro, find a decent neighborhood, price out a house. Go price out insurance for a family. Go price out a minivan, go price out student loans, groceries, clothes, a cheap vacation for a week a year, car repairs, home repairs… the list goes on.
It’s not a “personal story” - the finances of living are a bitch and my math isn’t magically different, I’m not keeping up with any Jones’.
I have a lesser standard of living than my (single) mother buying a home in the 1980s here in the 2020s.
Offer a real rebuttal or kindly piss off, this isn’t Reddit.
Re: What's Behind the Sharp Drop in Labor Force Participation?
#33I talk to a lot of people in the Metro NY area. One problem here is -- if you need to commute into Manhattan (job center) -- it demands a certain salary, below which commuting in is a net-loss. Rent is $2000/mo. If you have a family and cannot have multiple roommates, you might be looking at $4000/mo. "if you cannot afford it, stop complainingb and live elsehwere" they say...sure...but a commuter train into Manhattan…
Your theory is that some people don't find it financially worthwhile to work in NYC, so therefore they decide to just give up and not work and not move anywhere else and just do absolutely nothing instead?
Re: What's Behind the Sharp Drop in Labor Force Participation?
#34Earlier quoted context omitted.
It's not a rebuttal. There's no rebuttal to someone's personal story.
Go pick a metro, find a decent neighborhood, price out a house. Go price out insurance for a family. Go price out a minivan, go price out student loans, groceries, clothes, a cheap vacation for a week a year, car repairs, home repairs… the list goes on. It’s not a “personal story” - the finances of living are a bitch and my math isn’t magically different, I’m not keeping up with any Jones’. I have a lesser standard o…
https://news.ycombinator.com/newsguidelines.html
>Please don't post comments saying that HN is turning into Reddit. It's a semi-noob illusion, as old as the hills.
Re: What's Behind the Sharp Drop in Labor Force Participation?
#35I talk to a lot of people in the Metro NY area. One problem here is -- if you need to commute into Manhattan (job center) -- it demands a certain salary, below which commuting in is a net-loss. Rent is $2000/mo. If you have a family and cannot have multiple roommates, you might be looking at $4000/mo. "if you cannot afford it, stop complainingb and live elsehwere" they say...sure...but a commuter train into Manhattan…
But New York City as a metro area is the largest conglomeration connected by low-cost mass transit in the country meaning there's a massive liquid housing market and job market ready to fingertips. So if you live in the suburbs and the commuting cost is a dilemma you can always consider moving to the city itself
Re: What's Behind the Sharp Drop in Labor Force Participation?
#36Earlier quoted context omitted.
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@dang this gets brigaded? It goes in the lawsuit.
I'm gonna venture a guess that it's getting downvoted because it makes no sense unless the reader happens to be familiar with your obscure references, and the linked image makes even less sense. That, and whatever you're trying to say sounds like it contains far more ideology than thought.
Re: What's Behind the Sharp Drop in Labor Force Participation?
#37Im in the prime working age and if I didn’t have responsibilities (mortgage, health insurance, dependents etc.), I’d quit today and not participate for at least a couple of years. Corporate treatment of workers has deteriorated at an unprecedented rate since Covid and based on my anecdotal evidence we probably have a national level burnout and depression epidemic that no one is talking about or looking into. Most peo…
One of my colleagues said that working in software is like being a pro athlete nowadays and that struck me as true. The expectations just keep going higher and higher and higher across the board. But we sure aren't given the training, coaching, recovery, salary or recognition of pro athletes.
COVID and AI are great examples of what's wrong today. We created an incredible global communication network that lets us all collaborate across the world, used it to work through a pandemic, found a better work-life balance and saved hours of commuting and pollution daily. Now everyone is being forced back to the office. Like we all lived through this period right, we remember how much more pleasant it was to be able to work remotely, and its now been snatched away for no good reason? We made technology that can save us 2 hours of commute a day and then throw it away because office buildings go empty?
AI made many of us 2x more productive (conservatively), but where is the increased salary or bonus or reduced working hours for this productivity? All the gains are outcompeted or flow to companies balance sheets. We created this incredible technology and are rewarded with crushing expectations and FASTER FASTER FASTER as usual. Like we've made this miraculous technology that can do so much work for us, but it has made our work harder not easier? Why?
Most potential workers would have to be insane to be invested in a system like this. All the gains flow to the top, everyone else gets crushed. I feel like a hamster in a wheel that keeps spinning faster and faster. All the technology and productivity should be making our lives better, should be making us happier, but everyone is poorer and more depressed now. It's clear that corporate power, inequality, politics is the reason that's happening.
Re: What's Behind the Sharp Drop in Labor Force Participation?
#38> More than half of the decline came from a statistical correction to the population level in January and from the steady effects of an aging population, not from workers exiting the labor market. But part of the decline is due to June’s sharp drop in the participation rate among workers ages 25 to 54. > While dramatic, the June drop brings the participation rate among these prime-age workers back to a level consiste…
Considering the prior years were Covid, and the obvious scale tipping from the gov’t? Yeah right.
we've had people saying the sky is falling for years now
Re: What's Behind the Sharp Drop in Labor Force Participation?
#39Anecdotal evidence, but more than half of my friends that grew up: 1. middle upper class 2. college educated at a top 75 college 3. tall, decent looking are just not working regular corporate 9 to 5s and get by with consulting, small businesses, living off parents, living off nothing, scammy startups w2 9-5 is straight up not worth it, even in the 150-300k range
I previously worked at government job, a regional water company. Was on the fast track to become the AD and then CTO in the 5-10 year range as the entire upper echelon was on the verge of retirement. Except my salary would be capped at $150k as the CTO. The CTO himself owned a home a couple blocks off of the beach in one of the most desirable ZIP codes in my state. I, myself, best I could hope for on that salary is a…
Could also view it through the lens of simply not building enough housing stock.. imagine if that was a high-rise so that instead of one person living right off the beach it was 100
Re: What's Behind the Sharp Drop in Labor Force Participation?
#40I talk to a lot of people in the Metro NY area. One problem here is -- if you need to commute into Manhattan (job center) -- it demands a certain salary, below which commuting in is a net-loss. Rent is $2000/mo. If you have a family and cannot have multiple roommates, you might be looking at $4000/mo. "if you cannot afford it, stop complainingb and live elsehwere" they say...sure...but a commuter train into Manhattan…
But New York City as a metro area is the largest conglomeration connected by low-cost mass transit in the country meaning there's a massive liquid housing market and job market ready to fingertips. So if you live in the suburbs and the commuting cost is a dilemma you can always consider moving to the city itself
your suggestion to cash strapped people who can barely afford rent is "just buy a house in new york"?