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Labor shortage or terrible jobs?

annehelen.substack.com

841–850 of 1001 posts

Re: Labor shortage or terrible jobs?

#841
post #838

Earlier quoted context omitted.

"I'm just saying that both sides of the equation need to be examined, i.e. the plight of the worker AND the plight of the business." It was examined. In 1944 in the Beverage Report "Full Employment in a Free Society". It concluded that people not earning sufficient to eat is an order of magnitude more harm than businesses not earning a profit and that the labour market should always be a sellers market, not a buyers…

> It was examined. In 1944 in the Beverage Report "Full Employment in a Free Society". It concluded that people not earning sufficient to eat is an order of magnitude more harm than businesses not earning a profit and that the labour market should always be a sellers market, not a buyers market This report is completely irrelevant in today’s America, where everyone has more than enough to eat, especially if they are…

> today’s America, where everyone has more than enough to eat

What are you talking about? Nearly 1 in 4 households experienced food insecurity during the pandemic.

https://www.npr.org/2020/09/27/912486921/food-insecurity-in-...

Re: Labor shortage or terrible jobs?

#842

Earlier quoted context omitted.

These are just hypothetical numbers but I think the problem here is that people are resourceful and work to change or reduce these expenses. Everyone’s story varies, but it’s pretty common to address these with: Rent- get a roommate or rent a room instead of a one bedroom flat. Rent is reduced from $1400. Use a prepaid phone plan to reduce from $100. Use a slower speed or share internet to reduce from $100. Motorcycl…

There are a lot of inherent assumptions in your rebuttal. >Rent- get a roommate or rent a room instead of a one bedroom flat. Rent is reduced from $1400. While that is an option, it is not reasonable to make that assertion for the millions of people struggling without adequate housing. How can you tell people, with a straight face, that have been sexually assaulted, robbed, or battered by previous roommates that they…

I think I’m making likely assumptions. Obviously, individual experiences will vary, but when trying to estimate and model cost of living, assuming that everyone was sexually assaulted or traumatized so badly that they can never live with another is not useful. It also denigrates sexual assault victims by assuming that they are alone, without family, friendless, or without a spouse. It is possible for one to recover from sexual assault and find non-assaulter roommates and this is extremely common. Both based on personal experience and housing data (extrapolating from percent of population sexually assaulted with percent of population living in households with greater than two adults).

I’m talking about my lived experience here and find it odd how you’re finding rare, negative edge cases that don’t disprove my point.

I’m not saying that every single person can get internet for less than $100. I’m saying it’s unreasonable to assume $100 for budgeting purposes. In the rare situation where the only option for internet is $100 and one must have internet the systemic solution isn’t to pay the person an extra $100, the solution is to reduce the cost of internet. Rewarding the exploitative company charging $100/month only makes things worse within the system.

Similarly with phones. $100/month or $1200/year is a poor assumption for someone who needs their salary to go towards more important things. In 2019 I bought a new iPhone6 from Walmart for $100 with a no contract prepaid mobile plan for $20/month. Annualized costs of only $340. I cracked and scratched the screen but if I had had to replace it I would have spent an additional $100.

For “normal” society and to understand people’s experiences I think it’s valuable to model what is typical and then use that as a baseline to plan protection for edge cases. In my head I’m thinking “What should we plan to fix this?” Planning and modeling with assumptions that edge cases are most common means that our mean values will be way off and we’ll have wasted resources.

I’ve seen too many families that waste $180 on phone plans every month because they don’t know there’s a better way, corporations market expensive plans more heavily, and conventional wisdom reinforces that this is routine and acceptable.

If I’m only netting $2k/month and I’m spending $100/month on a phone, that is a problem with me that I can easily fix. If society is trying to get me to buy a new phone every year and have an expensive plan, that’s hard to struggle against and overcome. The solution isn’t to reinforce bad decisions, but to help.

Re: Labor shortage or terrible jobs?

#843
post #652

Earlier quoted context omitted.

The government giving more to minimum wage workers instead of raising minimum wage feels like a roundabout way to subsidize businesses that don’t way living wages.

That's exactly how it works in many european countries, especially the ones without a legal minimum wage (Austria for example), so people working "slave" gig jobs (cleaners, delivery, construction and hospitality workers, etc.) where if they earn below a certain "livable' threshold, get various tax credits, subsidies and benefits from the government to reach that "livable" threshold, which, while it sounds good, it c…

This is what's happened with housing benefit in the UK[1], it's basically a subsidy to businesses in high rent areas. It was £500M a week, I shudder to think what it is now.

[1] https://www.bbc.co.uk/programmes/b06bnbpx

Re: Labor shortage or terrible jobs?

#844
post #652
post #618

Earlier quoted context omitted.

>If they honestly can't afford to pay a living wage It's not logical to kill businesses by arbitrarily raising the minimum wage. Do you think the people they employ are better off not working at all? These people may not have a decent enough salary, but they get to work as opposed to staying at home and degenerate (mentally and physically). I always thought the better solution is to help them financially in other way…

The government giving more to minimum wage workers instead of raising minimum wage feels like a roundabout way to subsidize businesses that don’t way living wages.

The government already does that in terms of food stamps.

A job in the richest country in the world should not pay starvation wages.

Re: Labor shortage or terrible jobs?

#845
post #548

This article unfortunately doesn't address the business side of the problem. Fast food restaurants, or place like "Dale's" mentioned in the article, make very little profit. It is most likely below 10%. Here is an estimate: https://www.restaurant365.com/blog/what-is-the-average-profi... . A 10% profit is very modest. That's not the story of the "fat cats getting rich on the back of the workers" that the article is al…

A 10% margin also often doesn't tell the whole story of how they make their money. Nearly since its inception, a substantial portion of McDonald's long term profit came from the appreciation of the real estate the stores were built on. Operating a business on it just made it cash flow positive during the holding period. So it was essentially a REIT that happened to operate a fast food chain. Even for many mom-and-pop…

In this case, why bothering operating a restaurant at all (it's a terribly terribly complex business to manage)? Just buy real estate and sit on it?

I always wondered how restaurants even work - how can owners be motivated to keep themselves in this endless, poorly paid grind. In my opinion, when this is not about large chains that are effectively self-reproducing machines that don't depend on any people's motivation, it's mostly either hobbies (someone runs it to keep himself busy and feel beneficial to the society during retirement, for example), or just failures (someone foolishly believes there's a massive amount amount of money to make, gets burned, and vacates the space to leave it to the next one). Yours truly have been that sort of person in my younger years (when it was a lot easier, as industry professionals say!).

And yes, i can easily understand how can one become a dick being a restaurant owner. You deal with people who are paid poverty wages (there is no choice here), who can't be motivated with anything but threat of losing their jobs, have no work ethic (or they'd be doing something better), and in general can't be trusted in anything at all. You become paranoid and you quickly learn to disrespect people. I can feel that guy, don't judge him so heavily.

This is a hellish business to do and anyone who envies them is a fool.

Re: Labor shortage or terrible jobs?

#846
post #838

Earlier quoted context omitted.

> It was examined. In 1944 in the Beverage Report "Full Employment in a Free Society". It concluded that people not earning sufficient to eat is an order of magnitude more harm than businesses not earning a profit and that the labour market should always be a sellers market, not a buyers market This report is completely irrelevant in today’s America, where everyone has more than enough to eat, especially if they are…

> today’s America, where everyone has more than enough to eat What are you talking about? Nearly 1 in 4 households experienced food insecurity during the pandemic. https://www.npr.org/2020/09/27/912486921/food-insecurity-in-...

“Food insecurity” has nothing to do with not having enough food to eat. It’s a term designed to confuse.

Re: Labor shortage or terrible jobs?

#847
post #717

Earlier quoted context omitted.

Right, and raising the minimum wage is an attempt to control that by putting the costs back on the employer.

Who will simply either pass the costs along to the consumer, or shut down.

Why not have the government subsidize purchases at the business, if the goal is to have as close to 0 pricing as possible and ensure the business survives regardless of its utility?

People constantly argue for the rights of businesses which pay incredibly poorly, as if that is effecting mom and pop shops which are by and large already closed and gone, and when they were around ended up paying a bit more. Maybe a community is better when there’s a collection of local businesses moving money locally instead of a big nowhere-place off the turnpike paying slave wages and moving money back to corporate HQ? America’s business climate is pretty sick compared to so much of the world.

Re: Labor shortage or terrible jobs?

#848
post #618

Earlier quoted context omitted.

>If they honestly can't afford to pay a living wage It's not logical to kill businesses by arbitrarily raising the minimum wage. Do you think the people they employ are better off not working at all? These people may not have a decent enough salary, but they get to work as opposed to staying at home and degenerate (mentally and physically). I always thought the better solution is to help them financially in other way…

The cost of some businesses closing because they can't afford a higher minimum wage has to be considered in the context of every business that can afford the higher wage improving the lives of their minimum wage staff. Maybe it is worthwhile killing some businesses, and pushing some people to get new jobs or to live on benefits, if the wage increase for others is a greater benefit to society. Its also worth noting th…

This is something that is quite nuanced that isn't apparent until you really look into the numbers.

When something happens that universally makes the labor costs go up, and you expect for many businesses to go into the black, what you will instead see is that the very worst company goes out business and all of the others will put pressure on their land owner for lower rents pointing out that they are next. The landowner wants their land to be used and not be earning nothing for years, so they will lower rents. For a restaurant, if everyone is in the same boat, is agnostic to labor costs.

Higher labor costs makes real estate prices go down. Automation makes real estate prices go up. With interest rates going down bringing real estate up, we have plenty of space to rise minimum wage to balance.

Re: Labor shortage or terrible jobs?

#849

Earlier quoted context omitted.

Under military threat? Yet no specifics on that. CCP does baiting with predatory loans to lock countries in with easy money up front. You sound like you’re biased

Has the US not invaded, coup-ed and threatened numerous countries? Is it not now occupying several? Does it not have bases encircling all countries opposed to its imperialism? I thought this was common knowledge. The IMF, World Bank and European Central Bank do indeed offer predatory loans with strict conditions (like privatisation, deregulation, austerity) and at usury rates. Countries have a choice between this and…

How is encouraging democracy directly equal to imperialism?

The US doesn’t want autocrats who can subvert us geopolitically and kill their own people.

Fact is that countries in our sphere are democratic and prosperous.

Re: Labor shortage or terrible jobs?

#850
post #846

Earlier quoted context omitted.

> today’s America, where everyone has more than enough to eat What are you talking about? Nearly 1 in 4 households experienced food insecurity during the pandemic. https://www.npr.org/2020/09/27/912486921/food-insecurity-in-...

“Food insecurity” has nothing to do with not having enough food to eat. It’s a term designed to confuse.

"Food insecurity is the limited or uncertain availability of nutritionally adequate and safe foods, or limited or uncertain ability to acquire acceptable foods in socially acceptable ways."

"Food insecurity is a household-level economic and social condition of limited access to food, while hunger is an individual-level physiological condition that may result from food insecurity.

Information about the incidence of hunger is of considerable interest and potential value for policy and program design. But providing precise and useful information about hunger is hampered by the lack of a consistent meaning of the word. "Hunger" is understood variously by different people to refer to conditions across a broad range of severity, from rather mild food insecurity to prolonged clinical undernutrition."

https://www.ers.usda.gov/topics/food-nutrition-assistance/fo...

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