51–60 of 693 posts
Earlier quoted context omitted.
It's grim everywhere, for everything, all at once. I haven't been able to find work as a graphic designer, motion designer, web designer, web developer, software developer, and a large variety of retail jobs. Been on the job hunt since May, all I've been able to find is a part time position at The Home Depot.
I wonder if it has anything to do with all of the 10-200% taxes we've levied on random things.
It seems we are nearing the bottom of the business cycle. I lived through 2001 and 2008. Both were worse than now. It will get better.
Earlier quoted context omitted.
It's grim everywhere, for everything, all at once. I haven't been able to find work as a graphic designer, motion designer, web designer, web developer, software developer, and a large variety of retail jobs. Been on the job hunt since May, all I've been able to find is a part time position at The Home Depot.
I gotta tell you man, if you can find someone in charge at the backend of the Home Depot and let them hire you as a systems uptime troubleshooter you would easily make any salary you could name for them tenfold. I at at a Home Depot like 10 times a week and let me tell you, they have a major systems problem that is making their operations look like a joke
Earlier quoted context omitted.
It's grim everywhere, for everything, all at once. I haven't been able to find work as a graphic designer, motion designer, web designer, web developer, software developer, and a large variety of retail jobs. Been on the job hunt since May, all I've been able to find is a part time position at The Home Depot.
I gotta tell you man, if you can find someone in charge at the backend of the Home Depot and let them hire you as a systems uptime troubleshooter you would easily make any salary you could name for them tenfold. I at at a Home Depot like 10 times a week and let me tell you, they have a major systems problem that is making their operations look like a joke
>I at at a Home Depot like 10 times a week
And yet you still go to Home Depot, so from their perspective it's not an existential issue. Probably the biggest thing companies have learned recently is that they don't need 99.99% uptime, people will accept degraded performance because "that's just how technology works".
https://archive.is/NvSXc . Also, shocking to see no mention of the investment thesis, let alone critique of it.
Thanks for the link. What do you mean by the "investment thesis"? Would you clarify?
Think of the promise of AGI as a promise of billions of tireless immigrants with PhDs who outcompete the other ethnicities in the labor market. It's the same reason people stopped investing in Detroit-based things years ahead of the industry pullout.
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I don't know if it is just the wealthy either. The retired middle class boomers I know are completely outside the business cycle. While I don't think they have enough to really be considered wealthy, they have no mortgage payment, a social security check, a pension and most have a 401k. The business cycle will not change their spending one bit.
It may, a bit. If the 401k is in the stock market, and the stock market is down, their total visible money is down. That tends to decrease enthusiasm for spending.
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Thanks for the link. What do you mean by the "investment thesis"? Would you clarify?
The investment thesis in AI is that the decline in consumer spending in the other sectors of the economy won't matter when the consumers cease to be a significant participant in the economy in the near term: that moving investment away from the activity in agriculture, transportation, goods and services, etc., is rational because those sectors are soon to be obsolete when their customers buying power and long term ca…
That seems unlikely. What is the point of an economy if there is no one who is actually able to consume?
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Black Friday has become Cyber Monday as well. Everyone has a phone, nobody is waiting to log on to their PC at work to do some online shopping. The holiday season on the whole is a much better indicator, not just one single day. And even then, spending needs to be checked against debt incurred.
Black Friday started weeks before the actual day in order to increase the spending. It’s not an apples to apples comparison to prior years.
It seems we are nearing the bottom of the business cycle. I lived through 2001 and 2008. Both were worse than now. It will get better.
How do we know this is the bottom?
Ftfa (the part I could read) “ growth is buoyed by an exuberant stockmarket and artificial-intelligence investment, while ordinary Americans languish” Black Friday sales set records and it not even cyber Monday. If Americans are languishing then shouldn’t holiday spending be down?