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American Firms Want to Keep Older Workers a Bit Longer

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41–50 of 98 posts

Re: American Firms Want to Keep Older Workers a Bit Longer

#41

Earlier quoted context omitted.

You should be able to get one at this price if you go abroad.

If only there were a special government program to help me to import one at this price so I didn't have to pay so much for a local one...

There is a 20% import tax when you bring in a car... so be sure to declare it at a much lower price then you paid for it.

Re: American Firms Want to Keep Older Workers a Bit Longer

#42

Earlier quoted context omitted.

With so many people under-employed or out of work... The concept of "under-employed or out of work" is pretty meaningless if you don't mention the price you're willing to take for that work. Unless they're saying they literally can't find work at any price-That would be a real shortage. Otherwise, maybe you need to just accept a little less money to find work nowadays. The price argument works both ways.

What if that price is below minimum wage?

Or below the cost of living? Why bust your ass to live in your patents basement anyway?

Re: American Firms Want to Keep Older Workers a Bit Longer

#43

Earlier quoted context omitted.

I feel it's a cycle of mistrust. Companies don't want to spend as much time training junior workers or apprentices because they often leave shortly after achieving proficiency. But this lack of perceived loyalty comes from a rational viewpoint. After the shift in business culture in the 80s, where workers were laid off in bulk even if the company was in good financial health, workers woke up to the new reality. (To b…

I read in the newspaper that Boeing has a skills gap with their machinists. The skilled older ones are retiring, and the younger ones aren't experienced enough. There are few in the middle. What happened? When they had layoffs, the machinist union rules specified the ones with the least number of years of service got laid off first. This left Boeing with a very unbalanced workforce.

Seems like unions benefit just the insiders and seniors. One reason why I am skeptical when people say unions built the middle class. Employer competition probably does more for that than unions.

Re: American Firms Want to Keep Older Workers a Bit Longer

#44
post #26

Earlier quoted context omitted.

It reminds me of the Porsche 911 shortage I'm facing around here. I've been to dealer after dealer and I just can't find one who'll sell me one. I've got the $33k that I'm told an average new car costs and am ready to buy today... but nothing. You can't say shortage without factoring price. For enough money (probably not even that much compared to what I've seen business waste on frivolities) there'd be a line of ret…

My father used to tell me stories about the days when India was heavily aligned with the Soviet Union. Apparently, there would be approximately 5 people to stamp your visa. The excesses of socialism are never lost on me, because of this story.

> Apparently, there would be approximately 5 people to stamp your visa.

I'd say that this is still the case. Last time I visited India, when I was exiting the parking garage at the airport, there was an automated machine to let you out. Give them the ticket, put money in, the barrier opens, and you drive out.

But there were also five people by this machine. One to take the ticket, another to take the money, and then another three to watch this process.

And it wasn't just that instance - there were quite a few instances during my travel when I noticed significantly more people assigned to a job than required.

Re: American Firms Want to Keep Older Workers a Bit Longer

#45

Earlier quoted context omitted.

It reminds me of the Porsche 911 shortage I'm facing around here. I've been to dealer after dealer and I just can't find one who'll sell me one. I've got the $33k that I'm told an average new car costs and am ready to buy today... but nothing. You can't say shortage without factoring price. For enough money (probably not even that much compared to what I've seen business waste on frivolities) there'd be a line of ret…

You should be able to get one at this price if you go abroad.

There ain't a place in the world where a new 911 costs $33k USD.

Re: American Firms Want to Keep Older Workers a Bit Longer

#46

Earlier quoted context omitted.

You should be able to get one at this price if you go abroad.

If only there were a special government program to help me to import one at this price so I didn't have to pay so much for a local one...

You can import 6 Ladas cheap and weld then together. The combine should horsepower would match the 911.

Re: American Firms Want to Keep Older Workers a Bit Longer

#47

Earlier quoted context omitted.

You should be able to get one at this price if you go abroad.

If only there were a special government program to help me to import one at this price so I didn't have to pay so much for a local one...

We could call it the 911-B program. I suppose we should write the law such that you have to prove you checked out the local dealerships first. You could even pay someone to look and then not bother checking to see if they actually did:

http://www.cringely.com/2013/07/18/so-thats-how-h-1b-visa-fr...

Re: American Firms Want to Keep Older Workers a Bit Longer

#48
post #27

Earlier quoted context omitted.

>Unless they're saying they literally can't find qualified GenX workers at any price- That is actually the truth for many niche skilled labor positions. Manufacturing plants are starving for a lack of experienced E&I (electronics and instrumentation) technicians but they can't even attract the next generation despite offering ~$25/hr to apprentices. Being an E&I tech in a chemical plant is a dirty job but not in a ba…

Interesting take. Most government positions are pretty flat as well, but come with decent incentive packages to make up for the perceived lower pay. For example; insurance, civil service rules, unions, pensions, stable working hours, etc. Now let's talk about railroads, utility companies, and other "blue collar" work that requires an apprenticeship. First of all, layoffs happen quite often and seniority determines wh…

In many places, total value of compensation of a civil service gigs is way higher than you think.

A senior IT guy makes like $110k where I live. Sounds shitty, but then again you get primo healthcare that costs $100/mo for family, retiree health coverage, 60% pension at 55 in many cases, high PTO accumulation, etc.

I helped a friend calculate total compensation when he was looking for a job. The pension present value alone was $4M. When you combine it with the PTO, it made total value of his compensation more like $190k. If you price in the retiree healthcare, you could probably add another $10-20k of value.

Re: American Firms Want to Keep Older Workers a Bit Longer

#49

Earlier quoted context omitted.

I read in the newspaper that Boeing has a skills gap with their machinists. The skilled older ones are retiring, and the younger ones aren't experienced enough. There are few in the middle. What happened? When they had layoffs, the machinist union rules specified the ones with the least number of years of service got laid off first. This left Boeing with a very unbalanced workforce.

Seems like unions benefit just the insiders and seniors. One reason why I am skeptical when people say unions built the middle class. Employer competition probably does more for that than unions.

Only when the management's time horizon is short.

It probably would have been prudent to do a long term ROI on those layoffs. Slashing the executive bonus pool may have reduced those layoffs significantly and saved the company far more down the line.

Re: American Firms Want to Keep Older Workers a Bit Longer

#50
Recently I've heard two different stories about this exact problem. Two specialized trades, two experts of their crafts about to retire, and two companies unsure how they'll replace them.

I wish I remembered more details about the experts themselves, I believe one was a specialized glass worker.

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