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Sep 12 2021 06:22am
We're approaching double digit trillion dollars pumped into the financial system with various types of handouts in the last year and a half or so. Labor force participation rate one of the lowest we had since the 1970s...

There's no shortage of able bodied people to work, there's a shortage of people willing to work when working endangers that welfare.
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Sep 12 2021 06:29am
Wait until that unemployment money in the bank reaches 0, people will be begging to work
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Sep 12 2021 06:34am
Quote (ofthevoid @ 12 Sep 2021 12:22)
We're approaching double digit trillion dollars pumped into the financial system with various types of handouts in the last year and a half or so. Labor force participation rate one of the lowest we had since the 1970s...

There's no shortage of able bodied people to work, there's a shortage of people willing to work when working endangers that welfare.


hopefully there's alot of work in green energy while fossile fuel will be abandonned, even being illegal
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Sep 12 2021 07:42am
Quote (thundercock @ Sep 12 2021 01:32am)
This is why we need more illegal immigrants. The Biden administration is intentionally harming the economy by keeping them out of the country. He should open the gates until we have zero unemployment.



If you dont import and immigrate turd word laborers, employeres are FORCED to give higher wages and benefits. Were going to keep out the mexicans.

Immigrant labor hurts poor blacks the most in this way. This is how Trump rose median wages by 10% in less than four years.

Quote (NetflixAdaptationWidow @ Sep 12 2021 03:19am)
This is an issue everywhere. Labor shortages are nationwide.



Restaurant service is crap everywhere, its terrible.

This post was edited by EndlessSky on Sep 12 2021 07:44am
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Sep 12 2021 08:02am
Quote (JohnnyMcCoy @ 12 Sep 2021 13:21)
isnt that what sleepy joe wanted? lazy shitfucks addicted to state handouts


I dont even think this situation is exclusively due to government handouts and benefits. Sure, this factor plays a role. But to me it seems as if the disruptions associated with covid have created a real squeeze on the labor market for low paying low qualification jobs.

I think employers are just reluctant to do what they didn't need to do for almost 40 years: give girthy pay raises to employees which ostensibly seem easily replaceable. I'm not talking about the puny pay raises of the past which barely covered the ongoing inflation, I'm talking about pay raises which actually give them a bigger share of the pie and cut into the capital side's bottom line.

This post was edited by Black XistenZ on Sep 12 2021 08:03am
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Sep 12 2021 08:16am
employee has all the bargaining power right now. happens about once a century give or take, and they’re definitely maximizing it (as they should)
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Sep 12 2021 08:17am
Right wingers keep saying that people sell their labor to an employer at an agreed upon wage, but then freak out when those same workers aren’t behind the counters working for less than they are willing to sell their labor. Whiny ass hypocrites.
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Sep 12 2021 08:18am
A combination of massive government stimulus alongside pent up demand which requires a sharp increase in the supply of labor.
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Sep 12 2021 08:27am
Quote (Black XistenZ @ Sep 12 2021 10:02am)
I dont even think this situation is exclusively due to government handouts and benefits. Sure, this factor plays a role. But to me it seems as if the disruptions associated with covid have created a real squeeze on the labor market for low paying low qualification jobs.

I think employers are just reluctant to do what they didn't need to do for almost 40 years: give girthy pay raises to employees which ostensibly seem easily replaceable. I'm not talking about the puny pay raises of the past which barely covered the ongoing inflation, I'm talking about pay raises which actually give them a bigger share of the pie and cut into the capital side's bottom line.


Most of the shortages we're seeing is in low skill level jobs in businesses which don't have big margins to begin with. A restaurant owner can't afford to go from paying people 15 bucks and hour to 25 bucks an hour because that would literally wipe out all of his margin.

People are ignorantly pretending that if people were paid more than this problem wouldn't exist. It would though, because the employer to stay in business would have to raise goods prices to offset the increase in labor costs. So what happens when all cooks and delivery drivers are making 25 bucks an hour? Well everyone is now paying 20 dollars for a burger and fries when they were paying 12 a year or two ago, so we're at square one of the cycle with low skilled labor needing now 30 bucks an hour for a 'living wage'. Rinse and repeat.

What no one is talking about is what's happening now is totally fucking both the old people and the young people. The old, which just retired or are going to retire very shortly are getting their savings killed because of loss of purchasing power due to inflation, the young because to service this debt is going to damage growth in the future decades. If you're like 60 and have a relatively small nest egg which you thought might get you to 85-90, you may be in for a rude awakening in your high 70s because thanks to government 'help' your purchasing power has been wiped out.

This post was edited by ofthevoid on Sep 12 2021 08:35am
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Sep 12 2021 08:27am
Quote (thundercock @ Sep 12 2021 01:32am)
This is why we need more illegal immigrants. The Biden administration is intentionally harming the economy by keeping them out of the country. He should open the gates until we have zero unemployment.


this
why are white americans so lazy and ungrateful? jose and pablo would be thrilled to flip my burgers or move boxes. it makes me think of my white friend who quit his job to sell options on the market, can you believe that he abandoned that poor franchise owner to play with magic numbers?
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