Comments by "Chris Machabee" (@chrismachabee3128) on "TellEmBoi"
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You know it's funny, you say that their hour are cut, so they are getting more money, but less hours, and then you you say pay them more. Look to the West. they passed $20 an hour and layoffs began immediately, and I imagine, hours were cut.
It's easy to say raise the pay. These not fortune 500 companies, they may be just above mom and pop. What you are saying is these business owner shouldn't have a profit, because that's where that extra salary pay is comng from, their profit, and a lot of companies have closed down having to pay that salary.
People like you, well meaning, don't know anyting about running a business. Or you would know you need to have a cushion because ish happens and you have to be prepared.
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@IRGhost0
See, the situation is, we live in an America where people are lonely, and so they attach themselves to causes to belong. They make a lot of noise, bug enough people until they get their way. That is what happened with these wage increases.
People took jobs at fat food places and one day figured this not the kind of job you build a life, but many stuck, can't get a better gig. So, the moaning began and people listened. I admit and I'm a business person, but I was on board for a 15$ hr. raise, but it turns out that isn’t enough.
In Cali it has gone t $20 an hour. Lord knows people need every dollar they can get. These are the years of Biden economics. High interest rate, high inflation rates, high food prices, high gas prices, and all of a sudden you don't have any spending money, no extra, in fact, it has gotten to the point you have to choose what is going to get paid fully this month. This how life is now.
So, let's talk about the guy/gal that own the fast food joint. Do you have any idea what that person is coming out of their pockets to pay, to run the joint, pay the salaries, and take care of his family?
Mortgage, groceries, car note(s), insurance, home, car, family, medical? Honestly, nobody is getting rich running a fast food joint. They got people working, but people think they supposed to live the life working fast food. Pay the rent, the car note, all that and a third. So, people listen, make the noise, politician’s get behind and push and boom, $20 an hour. OK.
How many restaurant and small business owners have said that's fine we are out. See, if you remember, we living under Bidenomics, so that owner is not making that money like we in a great economy, there is less money to spend after paying the bills. So, guess what? His revenue takes a dive, his expenses don't, and pretty soon he is going into to savings to keep things afloat. That is the signal it is over.
So, for the people that won the $20 raise, now have no job. Some do, many don't, because the joint closed. The business plan did not account for a salary of $20 and it sort of breaks the bank.
If we get an economy like the Trump economy, things change, owners can take a chance and stay in business and soon recover, but one more year of Bidenomics, and Biden is talking about letting Trump’s tax cuts expire, the effect of which will result in raising taxes on business too!!
Now we talking about big layoffs everywhere. Where is that money going to come from in this kind of economy? In order for business to pay the tax, they have to cut salaries paid out. So, people, it don't look good, Biden is roofless. He is spending money mostly in Ukraine, and he needs more. Where does he get it? Tax Hikes!!
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I could cry you a river with my job hunting experience, but I won't do that. I took a Human Resources class from the University of London in 2023. No experience whatsoever with HR, didn't know anything. So, very nice course and know I know how the section is run and more importantly how to treat people, as that is THE most important thing.
What I also found out is the education I got from London is MBA grade education. Most people in HR do not know what I learned and are not practicing making people feel good while you are doing your job. So, my point is, listening to all the compelling stories nobody talked about HR. No one knows the process, other than being in the process.
There is someone in charge of HR, in charge of the people who do the interviewing. At lot of times, there are tons and tons of interviews and if you don't have a good system, you have someone spending 4 months trying to get an interview for a job they are overqualified for.
2 things most people do not understand. I don’t know how old this video is, but in 2024, in America, and the economy for business is bad, inflation, high prices, businesses get charged up the wazoo, just like regular people.
Secondly, business has had it with the nut jobs that one day break out on the office floor and disrupt the business and everything. This is why you have this multi-stage interview process. They want to do the best they can to find the flakes, and not hire them. They may not be getting it all right, but they must be doing it good enough to keep the bad ones out that they still are using that method.
The person who has my mind just tripping out, is the woman who had a business and she sold it to get a job? I don't get that strategy at all. To anyone who starts a business, get a website, about the business, get your picture in it and don't be afraid to talk about how you did each month.
I can't imagine how the woman felt when the person did not believe she was an entrepreneur. Time to read books people there is the wealth of knowledge you may be helped. Some books cost a lot and some don't cost a lot at all. Amazon, I can vouch for, I get books cost zero dollars, if there are relevant to my path, I grab them, others are low cost, and my favorites are the college level books, if you are inclined, can be had at a fraction of the original insane price.
With Amazon, you can even rent books, brand new books on whatever subject you're interested in. Rent it, devour it, and send it back, take copious notes.
Last thing I did not hear anyone mention about, being AI ready, are you AI ready? Do you know ChatGPT? Can you Prompt Engineer, are you ready to use the AI tools on the many types of GPT, many companies are pushing forward on.
The low wage guy going to Grad school in the fall, best learn something that will be AI assistive, in his job, or he stands to not get a job because he does not know how to use AI tools!
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Many, too many workers do not understand the Labor system of America.
These company exist to make profits, not just money. On occasion when the have a slow period where that don't make enough profit, they lose money. Once you are in a money losing situation you have to take fiscal action. You just can’t go on like nothing is happening. So here is what has happened in America.
Joe Biden killed the Keystone Pipeline, and oil pipeline designed to make America self-sufficient regarding energy. When Biden shut down oil prices shot up, along with that, inflation shot up and with inflation consumer prices for about everything shot up. It was a situation I called, from my knowledge, hyperinflation.
Without going through the long story, because a lot, happened, the Federal Reserve Chairman Powell began ratchet the inflation controls to reduce inflation. At this point the federal government determined the #1 issue domestically was to control inflation. This may or not be true as a fact.
The Fed chairman has immense power and has no oversight. So here is where your problems started.
As part of the process the Fed went to high tech firms, because their employees make the most money and told them, the Federal Reserve, needed a reduction in force at their companies.
The reason was there is too much spending, and to control inflation, they needed to cool consumer spending so they went to knock out the folks with the most money. My knowledge is of the tech industry, but I am quite sure other industries were "told" to reduce the number of employees.
To insure this happened the Fed went to banks and told them to tighten loans. As the Fed increased the interest rate, it became prohibitive for regular business to get shot time or regular business loan for slow period to get through before business normalized, and the loans could paid back when profits increased.
This is where you come in. In business management, at the first sign of serious fiscal trouble, people are the first to go. Massive layoffs across the country. I had never heard of hundreds of people being terminated at once, yet it happens and with frequency.
In the past when they were mass layoffs a company would sort itself out, getting some new money and hire people back. That would have happened here, but bank could not loan money to companies as they were being monitored and prohibited o free with their money that way.
I been listening to these videos a while now, knowing people do not have the real story. It sounds like these companies are inhuman. Just imagine the business of America essentially limited and shut down to make the White House look like it is fighting inflation, and high prices, but they’re not explaining the consequences of its actions to the country, and businesses have to take one for the team firing their personnel for the good the Federal Reserve.
We have a new president that has to fix what Biden has broken and get the economy and jobs back to where they are supposed to be. It won't be easy and it might take time, but your companies that got rid of you, are going to need you when business picks, and to those to whom it applies, best pick up your AI game.
I was under the impression it would take time to convert, it's not. So, start by getting your Prompt Engineering down, that's the start.
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You are a perfect eample of hat the problem is. People don;t understand politics, economics, and governemntal administraiton, and how affects the bussiness environment. We are living under Bidenomics, Joe Biden's administration. Inflation, high prices, high gas prices, many people having a difficult time making ends meet. the point it isn't picking a diploma, it's understand how you are goiing to achieve once you leave school. I was just telling the guy who said a degee is a scam, I said maybe, but the education you get is not.
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@IRGhost0
You are mostly correct, but you got some stuff mixed and associated when it shouldn't be. Increases of wages affect prices, 1st, of those companies that have to pay the increases, and as we know, some cannot afford it. The extra payroll is take home profit, which will no longer be available. Inflation pushes prices up, high gas prices push food and other retail prices up as the increased delivery cost are passed on, and the retailer passes on to the consumer in higher prices. The problem is, the consumer will decided to buy at the higher price, buy a cheaper, comparable product, perhaps not as good, or forego the purchase altogether. Its when the purchase is not made is when the business person has trouble, Bills have to be paid, but if revenues decline because of people not accepting the higher price being passed on, I think that is when we will see many leave the marketplace, as they cannot survive. Biden and the democrats are anti-capitalism and they want it destroyed. All their financial decisions have been based on that premise.
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Not the moderator or any of the people in the video are living in reality. Don’t get me wrong this is a great video, the moderator turns and talks about aliens coming here looking for the dream, none of you realize this is Joe Biden's America. He doomed this country economically the moment he cancelled the Keystone pipeline.
We don’t know the locations of those people in the video, but the economy is a nightmare, and Biden's democrats has made it that way on purpose.
They have the banks in a headlock. Businesses can't get loans to expand and pay those great salaries. The Marxist internal to the Dem party have the agenda to cancel capitalism. So, if you want to go socialist, vote democrats. I graduated into an economy like this in 2009, the last economic recession and I was a military veteran, and zip. Resume after resume, customized, and applications to government jobs where I was supposed to have an edge. No luck. I know exactly what they are going through.
The woman with the 2 master's degree, Air Force, go Air Force. If you want to gamble and wait, for Trump to get elected and smash this mess of a country and chuck it all, and get back to business, that is an option. Mental health is big. In the Air Force, someone like her can advance quickly she seems very mature. (Or form your own company and build, find the way and get it done. Today it is your way or the highway.)
The guy that had the Data Analyst interview, in my opinion, should have taken that job. Why? Because he would have a job in the industry he has expertise in. Secondly, this salary he would have gotten does not compare to the salary he would with a year or two under his belt.
Companies’ just don’t have the bread right now. In fact, use whatever AI you know, look up the company’s annual report, and do some research. Using AI it shouldn’t be more than 15 minutes before you get a full industry picture for the company, or just ask how is the company doing, and compared to last year etc. I bet you a 100 bucks, the guy did not ask Gemini why he was offered such a low salary for his position from that company. He would have gotten an answer.
Also, the services are offering bonuses to join of varying amounts for particular skills, the people in the video should explore the options, because right now, the military does have recruiting problems.
Since weed has been legalized people are cool with the way they have it.
To close, This is a Biden Administration USA and they are anti-business with massive regulations and they have made making profit a bad thing, and so a company has to forecast and plan based on what has happened economically, and the economic environment in America is, for lack of a better tern, wishy washy.
Additionally, if you haven't gotten into Artificial Intelligence and Machine Learning, you are obsolete, that is where the big money is today. In January I was reading Prompt Engineers were breaking the $200,000G barrier, yesterday I got an industry alert that Prompt engineers won’t be needed, that AI will do its own prompt engineering! 4 months and a major job industry is under threat of being replaced by AI.
They had examples of AI doing Prompt Engineering and humans doing Prompt Engineering, naturally AI was more spectacular, but it is going to be a long time before humans are no longer needed. The point is, regardless, employers are going to want to see you know that science, because it is becoming basic.
As a young exec you use it to make PowerPoints, answer e-mail, prepare for meetings, and whatever your job entails, you will need to know how to use AI. There really is so much more, but I have gone too long already, but there is no other way to answer what has been in this video.
Anyway, good luck and pray for America, because unless you elect Trump, this what you see is going to be the future under Biden.
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To calculate the percentage of billionaires in the United States compared to the total population, we can use the information provided. According to the search results, there are 788 billionaires in the United States. The U.S. population is approximately 333.3 million.
To calculate the percentage, we can use the following formula:
(Number of billionaires / Total population) * 100
Plugging in the numbers:
(788 / 333,300,000) * 100 = 0.000236 % (rounded to 3 decimal places)
Therefore, the percentage of billionaires in the United States compared to the total population is approximately 0.000236%.
Or
To explain 1 - 0.000236 as a ratio:
1 can be expressed as the ratio 1/1 or 100/100
0.000236 expressed as a ratio would be 236/1,000,000
So 1 - 0.000236 could be expressed as the ratio:
(1,000,000 - 236)/1,000,000
This reduces to:
999,764/1,000,000
Therefore, you could say:
"One minus zero point zero zero zero two three six can be expressed as the ratio nine hundred ninety-nine thousand, seven hundred sixty-four to one million."
Or more concisely:
"The ratio of nine hundred ninety-nine thousand, seven hundred sixty-four to one million."
in other words, billionaires are very, very rare. They make a lot of news, but they are very rare.
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