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.
Job seekers giving up: Labor force participation falls to lowest in 50 years
81–90 of 167 posts
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#82Sounds 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
> Sounds more like people retire somewhat early
I know many ex-colleagues who have been retired early -- they face age discrimination and cannot find work.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#83Sounds 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.
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
#84Earlier quoted context omitted.
You realize not everyone works a normal 9 to 5 right, you honestly think every person shopping are unemployed? Are tech workers this deeply out of touch with normal people?
I think a lot of people forget this. Similar to how the retired/disabled people in my life forget how busy life with a job can be. At the gas stations I worked at, the shifts were 7AM-3PM, 3PM-11PM, and 11PM-7AM. I used to do a lot of things at abnormal times. What does a quick beer after work look like when you're done at 7AM? I also don't know many unemployed people cruising around malls looking for ways to spend m…
I didn’t forget this. I worked for pennies in retail longer than I ever did anything else. I see a clear change over the past few decades.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#85Earlier quoted context omitted.
I think you are grossly overestimating the number of people >55 years old who free willingly retire early because of having enough new worth. Already millenials' CVs are written off in recruitment pipelines.
> 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.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#86Earlier quoted context omitted.
€98/yr Not everywhere is America, fellow hacker.
To be fair, we were talking about Capitalism. There are few places more capitalistic than America currently. But wow, 98€ is about how much it takes for me to take my family out to lunch at a fast food restaurant.
china being the obvious example?
the US seems much more speculation and leverage based, rather than capital being used by private owners to apply labour to to make useful goods
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#87Take an hour off at 2-3pm in any major US city and look at how many people are just milling about. Mostly shopping. There are a lot of people in the US that are not working. Pre-2008 retail was quiet in the middle of the day, now it booms. I can’t comment on if this is a good or bad thing, but I am surprised at how many people are causally walking their dog as I am rushing to compete an essential errand and get back…
I can't speak for anyone else, but I get my errands done at 12 - 3ish. I work 8 AM - noon, 3 PM - 2 AM. (Exact ranges vary.) I don't have an office and I've never met most of my coworkers. I'm exceedingly angry that restaurants and stores are no longer open until midnight. I used to do 11 PM Target shopping, 2 AM Walmart shopping, etc. Nothing is open late anymore, and it sucks.
100% agree that places close too early for folks that work into the evening.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#88Earlier quoted context omitted.
I think you are grossly overestimating the number of people >55 years old who free willingly retire early because of having enough new worth. Already millenials' CVs are written off in recruitment pipelines.
> 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.
Or they hit that sweet spot of being old enough to have commitments so they can't be a fresh grad slave and young enough to not have benefitted when the getting was good and easy and so they are discriminated against.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#89Earlier quoted context omitted.
55+ crushing it on the asset inflation mania they got at ~zero interest, the youngins left holding the bag of the inflationary cost renting out houses their seniors got negative real interest mortgages for.
> 55+ crushing it on the asset inflation mania Not all of them, some of them have just been pushed out of the workforce unwillingly due to ageism while still financially insecure. I'm all about people being angry with the current situation and pushing for class war, but blanket assumptions about any demographic, including those of a certain age, is not helpful.
Sure, 55+ and on the fringes are welcome in the tent. We need more people angry and vocal about it.
Re: Job seekers giving up: Labor force participation falls to lowest in 50 years
#90Sounds 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
> All is fine
An aging population means 25-54 represent less workers and people "retiring" from the labor force before social security age is likely to be deeply negative for their finances into old age and not just a decision from the relative luxury of being able to select jobs with quick vesting pensions like in past decades.
If pension ages were going down over the years and the average worker were well vested by 55 then in that reality all would be fine.