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Job seekers giving up: Labor force participation falls to lowest in 50 years

cnbc.com

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Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#141

Post by lovich »

gruez wrote: post #71
lovich wrote: post #40

Earlier quoted context omitted.

I don’t see how this graph shows that claim. It says it’s graphing the effect of welfare on income ratios between top 10% vs the bottom 50% then just has an arrow pointing down saying “Stronger redistribution” Where is the connection between the percentage being graphed and whatever their definition of “stronger redistribution” is? And I just realized the second graph includes capital gains for the fiscal income but…

>I don’t see how this graph shows that claim. It says it’s graphing the effect of welfare on income ratios between top 10% vs the bottom 50% then just has an arrow pointing down saying “Stronger redistribution” The chart is supposed accompany an article, which explains what the metric is: """A simple measure of progressivity involves comparing the distribution of income both before and after tax. By this measure Amer…

> The chart is supposed accompany an article, which explains what the metric is:

> 1. If you read the original paper[1], they seem to be doing it for weird economics reasons:

You should probably link a reference to the required extra information if you are expecting people to believe your sourced data instead of assuming they already know it.

> I don't know enough about economics to dispute this…

> In other words, not enough to change the conclusion.

If you don’t know enough about economics to dispute this, why would anyone trust your conclusion?

You’ve not changed my mind, only solidified that this is misleading data given your follow up.

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#142

Post by lovich »

gruez wrote: post #42
javascriptfan69 wrote: post #34

Earlier quoted context omitted.

Those graphs are about income, not wealth.

So was "the same way Roosevelt did, 94% tax rate on the rich"

No, that tax rate was on income, not wealth.

Are you trying to conflate the two?

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#143

Post by Den_VR »

0x20cowboy wrote: post #53
crossbody wrote: post #4

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

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.

You can’t pay your rent? But then where will you live?

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#144

Post by rwmj »

mattnewton wrote: post #113
rwmj wrote: post #52

Earlier quoted context omitted.

I wonder if there'd be some value to only taking job applications by post.

There are plenty of services to send mail form the internet for a small fee, so this will only discourage the most poor candidates and add friction for the best ones.

The "small fee" is the point though as it stops practically all automated submissions. I doubt the price of a stamp excludes poor candidates unless you think that poor people could never get jobs before online applications were a thing (and internet connections and phones cost money as well).

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#146

Post by wseqyrku »

ghaff wrote: post #32
TrackerFF wrote: post #16

Today I read about Accenture Norway taking in 56 summer internship students from over...1600 applicants. Record year, they reported. Previously I imagined only the top-top tier firms could enjoy low single-digit acceptance rate, but here we have Accenture crushing it. Competition must be tough. (But for what I know, could be that AI has made it easier for people to spam everyone with applications)

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.

> easy for a lot of companies to do automated filtering and for candidates to do a lot of automated applications

I know this is as real as "a matter of fact" but it's so stupid.

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#147

Post by pbgcp2026 »

3ffaad wrote: post #114
Alien1Being wrote: post #81

Our 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.

I really wanna say out loud what im building but I cant lol. The issues in this thread will be addressed with what I am building and you will all thank me one day.

Thank you!

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#148

Post by titanomachy »

lifestyleguru wrote: post #85
titanomachy wrote: post #80

Earlier quoted context omitted.

> millenials' CVs are written off in recruitment pipelines I think you've got something wrong here, "millennials" refers to people currently between 30 and 45 and are surely the least likely to be discriminated based on either age or inexperience.

Yes I mean this age group.

So you’re saying that even millennials are being rejected? Rather than this age group in particular being more likely to be rejected?

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#149

Post by lifestyleguru »

titanomachy wrote: post #148
lifestyleguru wrote: post #85

Earlier quoted context omitted.

Yes I mean this age group.

So you’re saying that even millennials are being rejected? Rather than this age group in particular being more likely to be rejected?

you're too old to apply already starting at the age around 35

Re: Job seekers giving up: Labor force participation falls to lowest in 50 years

#150

Post by ponector »

t-writescode wrote: post #115
mothballed wrote: post #83

Earlier 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

It is a seasonal low skilled work. How much should it pay? Overall it is comparable to a seasonal farm work: mostly done by immigrants
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