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US Job Openings Decline to Lowest Level in More Than a Year

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Re: US Job Openings Decline to Lowest Level in More Than a Year

#51

Post by Eric_WVGG »

bluedino wrote: post #39
mbgerring wrote: post #18

It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…

Doesn't every president do that, just to do different industries?

It's the rate of change. Things like NAFTA took many years to implement, and were debated and developed in the open. Everyone understood what would happen to the economy and that there would be a decade of transition.

Nobody announces the largest tariffs since the 1930s overnight, and selectively increases or dismantles them from week to week. Just look at this line graph: https://www.usfunds.com/resource/americas-tariff-rate-hits-t...

A huge part of our power was that we were safe and predictable and that's gone forever.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#52

Post by acdha »

bluedino wrote: post #39
mbgerring wrote: post #18

It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…

Doesn't every president do that, just to do different industries?

No, not even close. The basis for most of these actions requires novel legal re-interpretations to claim power from Congress for the executive, ignore time or scope limits, and remove expert judgement from what are often supposed to be consensus decisions. The courts cases over tariffs are highlighting the unprecedented claims for both the nature of the purported emergency and the scope of the response, but this shows up in many other areas such as inventing a “power emergency” to force coal plants to stay open over the wishes of the owners, communities, and state governments. We’ve never had anything like this level of direct economic interference in the modern economy - even things like WWII policies were at least targeted and based on a real threat.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#53

Post by aaomidi »

theultdev wrote: post #47
bluedino wrote: post #39

Earlier quoted context omitted.

Doesn't every president do that, just to do different industries?

Yes they do. Not sure why you're being downvoted.

We don’t really do tariffs like this before Trump. At least not for a long time.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#54

Post by A4ET8a8uTh0_v2 »

tayo42 wrote: post #45
A4ET8a8uTh0_v2 wrote: post #16

Earlier quoted context omitted.

Maybe. I am likely not a typical HNer, but my company actually has use of AI our 2026 goals. I am not guessing. I know majority of people in this company have those goals baked in. Now, can I suspect other like companies do the same? No. But even if they don't, it does not matter. Because the companies that don't allow AI, have people who use it anyway..

What industry and roles?

Finance, but tech adjacent. I am not super comfortable going into more detail.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#56

Post by zdragnar »

A4ET8a8uTh0_v2 wrote: post #16
hombre_fatal wrote: post #7

Earlier quoted context omitted.

I think that's mostly just HNers assuming AI like Claude Code is already penetrating the day to day work of the workforce. "If I use, then everyone is probably using it". Yet AI penetration is so low right now that it probably has zero role in the job market. And it keeps us distracted from talking about the real reasons behind job opening decline. That said, once AI ubiquity picks up within the next few years, we'll…

Maybe. I am likely not a typical HNer, but my company actually has use of AI our 2026 goals. I am not guessing. I know majority of people in this company have those goals baked in. Now, can I suspect other like companies do the same? No. But even if they don't, it does not matter. Because the companies that don't allow AI, have people who use it anyway..

FOMO.

https://www.axios.com/2025/08/21/ai-wall-street-big-tech

Have we forgotten this? It'll find its niche, but it isn't yet a truly transformative one.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#57

Post by iamtheworstdev »

garciasn wrote: post #24
hmmokidk wrote: post #21

Earlier quoted context omitted.

Massive wealth redistribution is just another word for Taxes. When we taxed the rich we were happy. It’s literally all we gotta do.

https://fred.stlouisfed.org/series/FYFRGDA188S Federal Receipts as a Percent of GDP measures total government revenue relative to the size of the economy, serving as a standardized way to track the federal tax burden over time. Although the top marginal tax rate in the 1950s indeed exceeded 90%, federal receipts hovered around 17% of GDP; this was nearly identical to current levels, because loopholes and high income…

no one pays the top rate today either. I've spent a large chunk of my adult life in the top 5% of income earners and I've never had an effective tax rate over 17% that I can recall.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#58

Post by acdha »

aaomidi wrote: post #53
theultdev wrote: post #47

Earlier quoted context omitted.

Yes they do. Not sure why you're being downvoted.

We don’t really do tariffs like this before Trump. At least not for a long time.

And never this sweeping: like when Japanese car manufacturers were threatening Detroit, the president negotiated with Congress and the response was targeted, not a random shotgun on other countries and industries.

Re: US Job Openings Decline to Lowest Level in More Than a Year

#60

Post by OGEnthusiast »

ojbyrne wrote: post #32
mbgerring wrote: post #18

It makes sense that you wouldn't hire in such an uncertain environment. We have a President using emergency powers to affect sweeping, unpredictable, consequential changes to the economy that can dramatically alter unit economics overnight and completely tank a previously viable business. Within this calendar year, the President's ability to do this may be upended by pending court cases, an election, or both. Followi…

Actually its easy if you're a multinational. You invest outside the United States.

The US needs an offshoring tax. If you want to sell to Americans you also need to hire Americans.
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