Comments by "Rune of Svalbard" (@vladimirofsvalbard9477) on "A Life After Layoff" channel.

@@Potentpotion Yes, UBI; the magical fix to everything. You introduce UBI (for instance: $12,000 annually like Yang was suggesting) and you'll run the US into hyperinflation within 5 years. We already saw what setting the Federal funds rate at 0.25% did to the markets. Massive stimulus and loans out the wazoo that drove prices thru the roof and inflated the markets to kingdom come. UBI is essentially a 0% loan that everybody will use to push the demand in markets up. Beef alone would probably double or triple in price within 18 months. Then you have to give CPI adjusted raises to the UBI each year. It's a horrible idea; the market always corrects itself.
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My loyalty to companies got me extremely far! 1. FedEx - one of the most productive employees (which got me a write-up from a false accusation from a driver). Which was all on camera, but management refused to be billed for the footage exonerating me. 2. Anheuser - again, one of the most productive employees and fastest at my job (which got my unpaid vacation slashed from 13 to 8 days a year). 3. Rooter - very productive and attentive to job details (in which I was scammed out of half my pay due to a number of loopholes in their employment paperwork). They owed me $975 and paid out $424. I walked on the spot with that stunt.
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Yeah, I hate that! Whenever you pour your heart into a new job, but a year later the faces rapidly change and in a matter of months you don't know anybody anymore.
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@cl9826 It's not capitalism; government has been highly influencing these behaviors. None of the businesses would be acting like this if they weren't getting PPP loans and other subsidies that manipulate their behavior to workers and the market. Corporations have a large incentive to (short) their own companies and then claim bankruptcy. They get to buy a yacht and your tax dollars bail out their failing company.
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It's not a theory! I've been an investor for 12 years. These companies have been paying off these stock analysts like mad and setting the bar exceptionally low.
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Well, it's not so much a saturation of people as it is a devaluation of the dollar. You could buy a crap ton of stuff on (one hour of minimum wage) in the 80s, 90s, and even 2000s. It's something that older generations either don't want to admit or can't mentally grasp, but the value of wages is in the dirt. There's no amount of extra work you can do to have to same life that your parents and grandparents had. At this point, we only have the option of downsizing and minimalizing.
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It's all fake bud. The government isn't crunching the numbers; corporations are giving false data to the analysts. They want to maintain the illusion of what their companies are valued at. Otherwise the investors would jump ship. I must say, it's a brilliant scam though.
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The irony of (Covid) and the (Great Resignation) was that corporations learned they could ram thru the same amount of customers/volume with HALF the staffing. It's the worst incentive in history for automation and wage cuts.
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Corporations and businesses are falsifying their job data to continue their PPP forgiveness requirements. Also, so they can keep attracting investors. The stock analysts have already been bought out. On top of that, they post fake job listening (tire-kicking) in order to under-cut existing corporate jobs. They want to see how much volume each posting gets and what wages employees are looking for. After that, they create new garbage jobs that entail the details of 'old' jobs, but with significantly less pay. The Government isn't cooking the books; corporations are cooking the books for investors. Government analysts are just blindly accepting the garbage records. 3.5% unemployment and 4.7% GDP my @$$!
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@ImLure Absolutely false bud, you cannot have diversity and good personnel. Think about it mathematically, when you select employees based on diverse backgrounds; you get more incompetent workers. The pool of nursing employees is 9/10 female. If you were to fill your workplace with 5 female nurses and 5 male nurses; the male nurses would be more incompetent than the females. Simply because your range of of tier competence is reduced with fewer samples.
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Degrees are worthless if everybody has one. 57% of people under 25 are enrolled in college. I can guarantee you that 57% of any demographic doesn't have an average IQ over 100; it's a recipe for disaster. Degrees have been devalued due to University and Government greed. There is no incentive for colleges to give quality educations if their profits are given (up front) in a guaranteed loan program.
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Price's Law - half of the labor in any domain is accomplished by the square root of all workers within that same domain. I learned this by working at FedEx! The harder you work, the more productivity goes up, and the longer you are kept in that same position. All the weakest brown-noses got the title of 'manager' at my workplace. Company productivity is based on the moral ignorance of it's workforce.
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Truth: We are laying you off because we are anticipating a massive government bailout in the next 12 months and don't really care how bad our business does until that time. Thank you :)
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I used to haul for Anheuser-Busch (day cab job) via Werner. 6 days/ 66 hours a week! When I was hired; I received 13 days of unpaid time off. January 1st rolls around and they have me sign a waiver. (I now accept 8 days of unpaid time off; 5 personal days and 3 sick days). I quit within 6 months.
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Consumer spending? lol no The only thing holding this economy together is the Federal Reserve conducting 'shadow' quantitative easing in the markets. Also, many companies are still collecting PPP forgiveness by relisting jobs at lower rates that their furloughed employees refused to take upon return. It's been dirty dirty dirty for the last 3-ish years.
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@amicaaranearum Exactly! This way they can keep faithful investors and continue getting PPP forgiveness thru the legislative stipulations.
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This all relates back to the Cantillon Effect. Once a society reaches the 'luxury' level; they will mentally never go back. With the comfort and ease of people's live coming up to 2019-2020. People would rather commit suicide than dig ditches for a construction company.
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The irony of (Covid Shutdowns and the Great Resignation) was that businesses learned that they could 'ram thru' the same amount of customers/volume with only HALF the original staffing. This erodes wages, benefits, and work culture.
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