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(NPR)   US companies: NoBoDy WaNtS tO wOrK. Also US companies: Payroll is too damn high and we gotta hit those numbers, so... you're fired   (npr.org) divider line
    More: Awkward, Federal Reserve System, Monetary policy, Mortgage, Central bank, Inflation, job cuts, Employment, interest rates  
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4462 clicks; posted to Main » and Politics » on 30 Jun 2022 at 3:30 AM (5 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



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View Voting Results: Smartest and Funniest


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2022-06-30 3:31:41 AM  
It's almost like they will make up any lie they can to justify slave wages.
 
2022-06-30 3:34:19 AM  
Just can't keep pumping the economy with cash and buying private stock, Joe.
 
2022-06-30 3:41:19 AM  
I'm willing to make a few sacrifices so Jeff Bezos can live in a Smithsonian museum and ride penis rockets into space.
 
2022-06-30 3:41:26 AM  
They're like carnies, they'll say whatever they need to say to get you to play another round even when you know it to be against your better interests.
 
2022-06-30 3:46:25 AM  
Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?
 
2022-06-30 3:47:54 AM  
I've applied for at least one job per day since the start of the month, and I have yet to get a single interview. McDonalds, Red Lobster, Taco Bell, Safeway, Target, Walmart and others. Also plenty of manufacturing jobs, warehouse work, delivery driver. Nothing...

My work history over the last year or so has been a bit iffy, but I keep hearing "no one wants to work" and I'm here waving my arms like a desert island survivor trying to get a passing ship's attention. Seems like they'd be willing to give me a shot.

Now the economy is about to tank because Pooty Poot wanted something that didn't belong to him and ended up helping to make gas $7/gallon.
 
2022-06-30 3:48:11 AM  
Can't call yourself a success unless your quarter on quarter profits always rise.  Good news, working schlepps, but you're upgrading from wet cat food to dry.  Maybe next quarter you can upgrade again, to sawdust if it gets a half-cent cheaper by the pound.
 
2022-06-30 3:54:45 AM  

WhoGAS: Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?


I don't know, what did they give you the last few years because maybe they're just finally paying you what you're worth?  I don't know. Maybe they're just super generous or maybe you made it to upper level management.  All I know is when a multi-billion dollar company drags their feet on annual reviews and gives you a bonus of $500 for Xmas and you're like WTF am I supposed to buy with this when you hear about people at other companies buying new cars with their bonuses and you see your co-workers leaving either for better jobs because you know they're better than you and you see other co-workers being "let go" because you know you work harder and are better than them and you have to pick up the slack for both the best and the worst workers who are no longer there, you tend to get a little burnt out.

I don't know I would ever feel that way.. Think of all the C*Os who have families to support! I shouldn't be so selfish.
 
2022-06-30 3:55:54 AM  

WhoGAS: Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?


You are pretty desperate for attention.

Exceptions to the rule don't negate the rules.
 
2022-06-30 3:56:11 AM  
STOP DRIVING!!!

Fark user imageView Full Size


The pandemic taught nothing...
Hiways without your gasoline previlege.
Fark user imageView Full Size


Shame on all you.
Now you think guzzling gas is a right?
Upright, walk, public transport, a bike ride for three miles isnt as detrimental/or far as you all think
 
2022-06-30 3:56:45 AM  
TL;DR:

Companies that saw artificial demand during the government mandated lockdowns and money printing starting hiring more pandemic positions to meet the increased demand. The demand is now going down to normal levels as the country opens up and interests rates raise. This makes these pandemic positions unnecessary so companies are now downsizing to meet the lower demand and to brace for a potential recession or general market downturn. According to some people in the thread, this is clearly evidence of malicious malfeasance and a coordinated conspiracy by management against workers.
 
2022-06-30 3:58:42 AM  

WhoGAS: Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?


I think my bullshiat meter just exploded.
 
2022-06-30 4:02:04 AM  
Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.


God forbid labor have bargaining power, that might cost money to the rich!
 
2022-06-30 4:05:09 AM  
Fark user imageView Full Size


THIS is why your gas is so expensive.
Holding hands with bone sawers....
Never forget.
 
2022-06-30 4:06:13 AM  

Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!


Like Americans even want it. The us work force doesn't have half a clue how badly it gets a red white and blue dildo shoved up its ass.

The labor force has been so programmed to think job protection is evil commie soshilizms they don't want it
 
2022-06-30 4:07:40 AM  

Heliodorus: TL;DR:

Companies that saw artificial demand during the government mandated lockdowns and money printing starting hiring more pandemic positions to meet the increased demand. The demand is now going down to normal levels as the country opens up and interests rates raise. This makes these pandemic positions unnecessary so companies are now downsizing to meet the lower demand and to brace for a potential recession or general market downturn. According to some people in the thread, this is clearly evidence of malicious malfeasance and a coordinated conspiracy by management against workers.


This. This right here. It'll take a year or two to work out but it'll be bumpy for a bit. But Let's vote fascist because her emails tho 7$ gas
 
2022-06-30 4:08:37 AM  
House of Bush house of saud... 
Fark user imageView Full Size



Any programs worth a shait  for your vets, that mofo gets Walter reed forever...as you gripe, my fifth wheel and gas prices...
Bush wolfawitz cheney powell rumsfeld hughes war criminals.
 
2022-06-30 4:08:52 AM  
It's not a good idea to use Netflix as an example because they are destroying themselves. All they show anymore is non English and Animee. Maybe if they realized that the majority of people
watch TV in America do not want to have to read subtitles, they might not be losing so many viewers.
 
2022-06-30 4:09:26 AM  

Father_Jack: Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!

Like Americans even want it. The us work force doesn't have half a clue how badly it gets a red white and blue dildo shoved up its ass.

The labor force has been so programmed to think job protection is evil commie soshilizms they don't want it


I believe u
Jesus was a socialist
Lower case s
 
2022-06-30 4:09:49 AM  

Father_Jack: Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!

Like Americans even want it. The us work force doesn't have half a clue how badly it gets a red white and blue dildo shoved up its ass.

The labor force has been so programmed to think job protection is evil commie soshilizms they don't want it


Yup, I've been hearing a lot locally (I live in one of the reddest districts in America) that inflation (besides Biden's fault) is the fault of rising wages and lazy people who won't work.  I'll admit farkers get worked up and demand unreasonable things but I mean.... most of us live in reality, the level of brainwashing in rural areas of the USA is farking terrifying.
 
2022-06-30 4:11:59 AM  

Father_Jack: Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!

Like Americans even want it. The us work force doesn't have half a clue how badly it gets a red white and blue dildo shoved up its ass.

The labor force has been so programmed to think job protection is evil commie soshilizms they don't want it


South African is like running our economy?
Ok
 
2022-06-30 4:12:44 AM  

ProfessorTerguson: STOP DRIVING!!!

[Fark user image 183x275]

The pandemic taught nothing...
Hiways without your gasoline previlege.[Fark user image 275x183]

Shame on all you.
Now you think guzzling gas is a right?
Upright, walk, public transport, a bike ride for three miles isnt as detrimental/or far as you all think


It's also not as accessible/feasible for a farkton of Americans who don't live in urban areas. Public transportation and jobs within walking/driving distance SHOULD be more prevalent, but that's just not the shiatty reality we live in.
 
2022-06-30 4:13:14 AM  

Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!


Right? fark the middle class and young people trying to earn enough money to pay student loans AND enjoy avocado toast. There are billionaires to protect.
 
2022-06-30 4:14:14 AM  
US companies: "Oh no, this inflation is terrible but it's totally inevitable."
Also US companies: *rake in enormous profits, give executives multi million dollar 'bonuses' for doing fark-all*
 
2022-06-30 4:17:25 AM  

Theeng: Father_Jack: Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!

Like Americans even want it. The us work force doesn't have half a clue how badly it gets a red white and blue dildo shoved up its ass.

The labor force has been so programmed to think job protection is evil commie soshilizms they don't want it

Yup, I've been hearing a lot locally (I live in one of the reddest districts in America) that inflation (besides Biden's fault) is the fault of rising wages and lazy people who won't work.  I'll admit farkers get worked up and demand unreasonable things but I mean.... most of us live in reality, the level of brainwashing in rural areas of the USA is farking terrifying.


Not flip, but get out dude/ette
Thsts not the United states...
I pledged every day this is indivisible...
Now let the traitors leave
Move to where United meant something.
Jobs here, rocking blue w weed

Dollar says first act of  seccision comes from florida
 
2022-06-30 4:22:47 AM  
The examples being a bunch of companies seeing slack demand for specific products.  These companies are falling back to earth from a boom. The only companies listed are:

Peloton
Netflix
JP Morgan's mortgage lending
Crypto
Tesla, which didn't actually lay anyone off

This is The NY Times trend piece of business reporting.
 
2022-06-30 4:26:07 AM  
I've said this before. Every plague in history has been followed by a labour shortage. The rise in the value of labour after the Black Plague was one of the major causes of the Renaissance.
 
2022-06-30 4:32:03 AM  

daffy: It's not a good idea to use Netflix as an example because they are destroying themselves. All they show anymore is non English and Animee. Maybe if they realized that the majority of people
watch TV in America do not want to have to read subtitles, they might not be losing so many viewers.


Netflix is an interesting story. They're a victim of their own success, in a way - they went all in on digital streaming, got a bunch of sweetheart content deals, and did so well that major content creators went for their own services and declined to renew their Netflix contracts, leading to a huge explosion of competitors at the same time the Netflix catalog was losing lots of its top-tier content. To be fair they've done a decent job of developing their own content, but that makes them just another streaming service, and unlike something like Disney+ or Amazon Prime Video the Netflix streaming service isn't backed by a business with lots of other segments.
 
2022-06-30 4:38:10 AM  

foo monkey: I'm willing to make a few sacrifices so Jeff Bezos can live in a Smithsonian museum and ride penis rockets into space.


You got your psycho gazillionaires mixed up there, peon.
 
2022-06-30 4:40:44 AM  
I love that the Fed chairman admitted flat out that they are trying to sabotage Labor's negotiating power. Total mask off shiat. Nice to know once and for all who's side they're on.
 
2022-06-30 4:42:18 AM  
Fark user imageView Full Size
 
2022-06-30 4:44:46 AM  
Who honestly wants to work? We only do so in order to survive. We have miserable lives doing things we don't want for money.
 
2022-06-30 5:01:15 AM  
Work! Be happy for the crumbs you steal from your better's table. They graciously allow you to make them money and you have the audacity to ask for enough of it to live on? This will teach you that in the future, you should pick better parents to be birthed upon.
Do you work in an office? Does your boss work harder than you? How about his/her boss? How about all of the middle men and money managers that get rich moving around, from hand to hand, what you produce? They add no value, they just siphon away what should be going to you.
It's coming. The bourgeoisie, the petite bourgeoisie and all of their running dogs who scurry to oppress and keep the working proletariat down, are going to face a reckoning. Laugh, joke, Kee Kee all you want, but you had better choose sides.

Rise like Lions after slumber
In unvanquishable number
Shake your chains to earth like dew Which in sleep had fallen on you
Ye are many, they are few.

RISE
 
2022-06-30 5:12:12 AM  

Theeng: Fed Chair Jerome Powell says he and his colleagues are trying to stabilize a job market that is "unsustainably hot." Wages have been rising at a fast clip in an economy where the unemployment rate is at 3.6%, which is very close to its pre-pandemic low.
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating," Powell said when answering questions at a press conference two weeks ago.

God forbid labor have bargaining power, that might cost money to the rich!


It hasn't led to an imbalance, the imbalance has always been there. It just flipped it on its head and that's the thing that they find so unconscionable. How dare the plebeians think they have the slightest bit of leverage over their betters?

The fed can print trillions of dollars to prop up the stock market for less than a day and the fed doesn't blink an eye or even worry about inflation. The little guy gets an extra nickel and it's all hands on deck.
 
2022-06-30 5:13:17 AM  

GreenSun: Who honestly wants to work? We only do so in order to survive. We have miserable lives doing things we don't want for money.


Ha.

I do what I want to, and I make a good living at it. And when I don't like it, I quit.

Not everyone can freelance, of course, but if you have a particular set of skills, I highly recommend it.
 
2022-06-30 5:17:08 AM  

Rapmaster2000: The examples being a bunch of companies seeing slack demand for specific products.  These companies are falling back to earth from a boom. The only companies listed are:

Peloton
Netflix
JP Morgan's mortgage lending
Crypto
Tesla, which didn't actually lay anyone off

This is The NY Times trend piece of business reporting.


Tesla essentially laid off all the humans working on autopilot. More than one laid off employee complaining on local reddit recently. Soon we'll have autopilot developed 100% by AI. What could possibly go wrong?

https://edition.cnn.com/2022/06/29/cars/tesla-autopilot-data-label-layoffs/index.html
 
2022-06-30 5:26:00 AM  

GreenSun: Who honestly wants to work? We only do so in order to survive. We have miserable lives doing things we don't want for money.


Some of us actually enjoy our jobs. If you don't then find something you do enjoy.

Try being a teacher. I am. Not a perfect job but I cherish the positive relationships I have with some students.
 
2022-06-30 5:30:17 AM  

qorkfiend: daffy: It's not a good idea to use Netflix as an example because they are destroying themselves. All they show anymore is non English and Animee. Maybe if they realized that the majority of people
watch TV in America do not want to have to read subtitles, they might not be losing so many viewers.

Netflix is an interesting story. They're a victim of their own success, in a way - they went all in on digital streaming, got a bunch of sweetheart content deals, and did so well that major content creators went for their own services and declined to renew their Netflix contracts, leading to a huge explosion of competitors at the same time the Netflix catalog was losing lots of its top-tier content. To be fair they've done a decent job of developing their own content, but that makes them just another streaming service, and unlike something like Disney+ or Amazon Prime Video the Netflix streaming service isn't backed by a business with lots of other segments.


They are only a victim in the fact that Marvel and Lucas wanted that dumptruck full of money. Netflix was doing pretty well with the Marvel stuff. I'm sure Disney saw a 2 birds one stone, and grabbed it. It wouldn't be the first time or last time a mega-corporation decided to starve the competition. It was looking pretty dicey until Disney decided that Hulu should be the shiatty broadcast t.v. site, and all the big money stuff can go to Disney-.
 
2022-06-30 5:34:55 AM  

phishrace: Rapmaster2000: The examples being a bunch of companies seeing slack demand for specific products.  These companies are falling back to earth from a boom. The only companies listed are:

Peloton
Netflix
JP Morgan's mortgage lending
Crypto
Tesla, which didn't actually lay anyone off

This is The NY Times trend piece of business reporting.

Tesla essentially laid off all the humans working on autopilot. More than one laid off employee complaining on local reddit recently. Soon we'll have autopilot developed 100% by AI. What could possibly go wrong?

https://edition.cnn.com/2022/06/29/cars/tesla-autopilot-data-label-layoffs/index.html


Why UBI will eventually become mandatory. More and more companies relying on automation rather than humans. Those companies will still profit but the number of human workers will decrease. So yeah, kinda ironic, but those companies laying off people to save with automation will have to pay those same people to sit on their ass at home because there are not enough jobs.
 
2022-06-30 5:45:37 AM  

Theeng: WhoGAS: Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?

I think my bullshiat meter just exploded.


Okay.  I don't understand what you mean.
 
2022-06-30 5:47:20 AM  

WhoGAS: Theeng: WhoGAS: Mine gave me a 23,000 dollar raise and promotion last month and the company is a multi-billion dollar company.  We had our reviews last week.  I got another 8% raise and still get free health insurance.

I don't know...maybe it depends on the company?

I think my bullshiat meter just exploded.

Okay.  I don't understand what you mean.


I treat people who brag about their raise, income, or IQ as if they are lying.  It's usually the correct read.
 
2022-06-30 5:54:25 AM  

powhound: Why UBI will eventually become mandatory. More and more companies relying on automation rather than humans. Those companies will still profit but the number of human workers will decrease. So yeah, kinda ironic, but those companies laying off people to save with automation will have to pay those same people to sit on their ass at home because there are not enough jobs.


That is capitalism's only chance. It is the only decent, sensible and practical option. Which is exactly why they won't take it. These people are short sighted. They only think in quarters and at most a fiscal year or two ahead. Long term planning? Ha!
No, their deliberate cruelty and greediness will precipitate an avalanche that will swallow them all.
Stockpile what you can. Study infrastructure.
Learn the weaknesses of the system.
Prepare.
It is coming.
And many are going to go up against the wall.
 
2022-06-30 5:57:54 AM  

LordJiro: ProfessorTerguson: STOP DRIVING!!!

[Fark user image 183x275]

The pandemic taught nothing...
Hiways without your gasoline previlege.[Fark user image 275x183]

Shame on all you.
Now you think guzzling gas is a right?
Upright, walk, public transport, a bike ride for three miles isnt as detrimental/or far as you all think

It's also not as accessible/feasible for a farkton of Americans who don't live in urban areas. Public transportation and jobs within walking/driving distance SHOULD be more prevalent, but that's just not the shiatty reality we live in.


But to add to that, if people want McDonalds and Starbucks and other such places of convenience in relative proximity to where they live, they absolutely must also expect that those jobs are going to pay a wage that allows those employees the ability to live in reasonably close proximity as well.

Of course, that's not the expectation most of the haves have.
 
2022-06-30 6:03:01 AM  
 InB4  "Welcome to Biden's America " .
 
2022-06-30 6:06:16 AM  

DoughyGuy: I've applied for at least one job per day since the start of the month, and I have yet to get a single interview. McDonalds, Red Lobster, Taco Bell, Safeway, Target, Walmart and others. Also plenty of manufacturing jobs, warehouse work, delivery driver. Nothing...

My work history over the last year or so has been a bit iffy, but I keep hearing "no one wants to work" and I'm here waving my arms like a desert island survivor trying to get a passing ship's attention. Seems like they'd be willing to give me a shot.

Now the economy is about to tank because Pooty Poot wanted something that didn't belong to him and ended up helping to make gas $7/gallon.


I know what you mean.

"Nobody wants to work...but we enjoy shoving more duties into already-overworked staff while not hiring anyone new so our bottom line gets bigger."

I've applied for everywhere I can think of, and I'm still unemployed. It isn't necessarily that no one wants to work, it's more like no one wants to hire.
 
2022-06-30 6:06:38 AM  
Wages rising unsustainably?  Wages are rising 3.4%, which isn't even enough to cover the 8.6% inflation.
 
2022-06-30 6:10:53 AM  

DoughyGuy: I've applied for at least one job per day since the start of the month, and I have yet to get a single interview. McDonalds, Red Lobster, Taco Bell, Safeway, Target, Walmart and others. Also plenty of manufacturing jobs, warehouse work, delivery driver. Nothing...

My work history over the last year or so has been a bit iffy, but I keep hearing "no one wants to work" and I'm here waving my arms like a desert island survivor trying to get a passing ship's attention. Seems like they'd be willing to give me a shot.

Now the economy is about to tank because Pooty Poot wanted something that didn't belong to him and ended up helping to make gas $7/gallon.


Have you popped by your local worksource office?
 
2022-06-30 6:14:48 AM  

ProfessorTerguson: [Fark user image 200x150]

THIS is why your gas is so expensive.
Holding hands with bone sawers....
Never forget.


Fark user imageView Full Size
 
2022-06-30 6:15:30 AM  

LordJiro: ProfessorTerguson: STOP DRIVING!!!

[Fark user image 183x275]

The pandemic taught nothing...
Hiways without your gasoline previlege.[Fark user image 275x183]

Shame on all you.
Now you think guzzling gas is a right?
Upright, walk, public transport, a bike ride for three miles isnt as detrimental/or far as you all think

It's also not as accessible/feasible for a farkton of Americans who don't live in urban areas. Public transportation and jobs within walking/driving distance SHOULD be more prevalent, but that's just not the shiatty reality we live in.


Right?! This isn't Europe, pal. I was eye-rolling at that entire comment but the 3 miles thing really stuck out. Nothing is only 3 miles away over here, more like 30
 
2022-06-30 6:18:36 AM  
"You have two job vacancies essentially for every person actively seeking a job, and that has led to a real imbalance in wage negotiating,"

Oh no, how dreadful.
 
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