Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060 And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230 All is fine
Job seekers giving up: Labor force participation falls to lowest in 50 years
111–120 of 167 posts
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#112People at my work were talking poor of gen z and how they are bulk of neets and how they are lame and etc.
There is always some cringe in different generations apart, but even being older, I can empathise with them. You have zero forecast to buy a home for yourself, to buy a car, to even pay for a university. Whatever they want to do, they will be sucked dry, even if it is a video game.
The f our generation is doing. We are being evil towards the elderly and the young. We blame the rich, the game, the system. All of them we power of our utmost selfishness, transfering the guilty for someone like we couldn't do anything about it.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#113Earlier quoted context omitted.
My guess is that it's simultaneously easy for a lot of companies to do automated filtering and for candidates to do a lot of automated applications in a way that's easier than sending out a bunch of envelopes. Which makes it harder for candidates who don't have either networks or impressive credentials.
I wonder if there'd be some value to only taking job applications by post.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#114Our HR department has given up. They are being inundated with thousands of AI slop applications each week. Hiring has devolved to word of mouth recommendations.
The issues in this thread will be addressed with what I am building and you will all thank me one day.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#115Earlier quoted context omitted.
I suppose it’s in how you word it. I’ve given up on trying to get a job because there is no point in trying. I can’t afford to pay my rent, but I guess you could call that early retirement.
If you can stomach it, the seafood canning and fishing industry in Alaska will usually (IDK what the situation is this year) hire anyone off the street, work them 16 hours a day for several months, and give them "free housing." You'll get dumped back in Seattle in several months with at least $10k in your pocket. Edit: genuinely perplexed on the response. This saved my ass one winter when I had nothing for rent.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#116Imagine spending 6 to 8 hours a day looking for opportunities and nothing for 1, 2 years. What are people supposed to do?
Deplete your retirement savings, have daily panic attacks, add roommates, stop eating healthy, give pets away, stop taking medications, downgrade car, find and recycle aluminum, use coupons, go to several grocery stores to capture distinct loss leaders, drive only when necessary, stop volunteering, visit crisis centers, cancel all subscriptions, wear clothes and shoes until they fall apart, learn to do your own plumbing, stop going to meetups unless they have free food, have trouble both waking up and going to sleep, stop reading the news, buy in bulk, check the thrift store first, stop donating at checkout, cut your own hair, have more panic attacks, air dry your clothes, stop playing games, stop exercising, sell off your sentimental items, buy generic products, juggle interest rate deals, ask for discounts on imperfect items, usenet/bittorrent, curse at the "gifted" system, drink only water, look around and in dumpsters, pick up that penny, and make a mental note about which bridges have the best living conditions.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#117Earlier quoted context omitted.
Yea the covid money printing is regularly pointed to as a reason why MMT is clearly bad but that ignores that there’s literally a solution to this problem in MMT. Raise taxes to reclaim the money. It’s a trivial solution which is sadly politically incredibly challenging.
What a horribly dystopian thing to say
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#118Earlier quoted context omitted.
If you can stomach it, the seafood canning and fishing industry in Alaska will usually (IDK what the situation is this year) hire anyone off the street, work them 16 hours a day for several months, and give them "free housing." You'll get dumped back in Seattle in several months with at least $10k in your pocket. Edit: genuinely perplexed on the response. This saved my ass one winter when I had nothing for rent.
I thought the fishing industry paid … way more than 10k / 3 months. Color me surprised o.O
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#119Earlier quoted context omitted.
I suppose it’s in how you word it. I’ve given up on trying to get a job because there is no point in trying. I can’t afford to pay my rent, but I guess you could call that early retirement.
If you can stomach it, the seafood canning and fishing industry in Alaska will usually (IDK what the situation is this year) hire anyone off the street, work them 16 hours a day for several months, and give them "free housing." You'll get dumped back in Seattle in several months with at least $10k in your pocket. Edit: genuinely perplexed on the response. This saved my ass one winter when I had nothing for rent.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#120Our HR department has given up. They are being inundated with thousands of AI slop applications each week. Hiring has devolved to word of mouth recommendations.
that may be an evolution, not a devolution