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Started By
Message
re: Michael Burry: The white collar employment bubble is bursting right before our eyes
Posted on 9/26/22 at 3:18 pm to tadman
Posted on 9/26/22 at 3:18 pm to tadman
quote:
There is a sense of discipline that comes from requiring shirts tucked in and 8am arrivals.
I'll take a pay cut before I ever have to deal with bullshite like this
1
Posted on 9/26/22 at 3:20 pm to r0cky1
quote:For shitty workers, maybe.
Those who choose to completely work remotely will realize how much easier it is to be fired.
As long as you produce, it doesn't matter where you do it from.
Posted on 9/26/22 at 3:23 pm to shel311
quote:
As long as you produce, it doesn't matter where you do it from.
90% of people overvalue how much they actually produce remotely.
Posted on 9/26/22 at 3:24 pm to elprez00
quote:
90% of people overvalue how much they actually produce remotely.
Link? Or did you make this stat up? lmao.
Posted on 9/26/22 at 3:24 pm to elprez00
quote:
90% of people overvalue how much they actually produce remotely.
You just made that up
Posted on 9/26/22 at 3:30 pm to shel311
quote:
For shitty workers, maybe.
As long as you produce, it doesn't matter where you do it from.
Right. I really don't understand this sweeping generalization of WFH positions as "not critical" and "easy to be fired from."
If you want to talk about the macro benefits of having employees in person, sure we can have that conversation. Personally, I think the way of the future is a hybrid model that allows for flexibility and choice.
But it's inane to say that WFH positions aren't critical. Our entire sales team is WFH, by and large. Salespeople aren't critical to an organization? Our chief legal officer works from home. He's not critical? Using the standard of "WFH jobs aren't critical" it would basically mean that the only critical jobs in our organization are our IT team and maintenance crew.
Posted on 9/26/22 at 3:54 pm to tiggerthetooth
Feb will be 3 years working from home.
Won’t ever go back to 8-5 bullshite corporate slave.
If you have a skill, not sure what the big deal is WFH.
Won’t ever go back to 8-5 bullshite corporate slave.
If you have a skill, not sure what the big deal is WFH.
Posted on 9/26/22 at 3:55 pm to Salmon
quote:
Pay them well and they come running
It's pretty risky to throw a ton of money over industry to fresh college grads. We do it occasionally when someone SEEMS like a potential great hire, but you're going to get a lot of duds with that strategy too, so you better have a solid hiring process.
Nobody really talks about the quality of work in these threads. Just checking the box on the to-do list close to when it's supposed to be done isn't the main objective. Most people in white collar jobs are going to suck a little when they first start due to the learning curve.
Posted on 9/26/22 at 4:26 pm to elprez00
quote:First, you made that number up obviously.
90% of people overvalue how much they actually produce remotely.
Second, whatever that number is, it's exactly the same for in office folks.
Where you work makes no difference in whether you overvalue how much you produce, so that's a moot point.
Posted on 9/26/22 at 4:38 pm to Mo Jeaux
quote:
That's your opinion, not a fact.
uh, it is a fact. Its the whole point of Burrys statement. White collar jobs are being lost. They wont come back soon.
And the culprit (aka reason) is WFH. Those people will be the first to go, and those willing to absorb their functions and come to work daily will be kept on
Posted on 9/26/22 at 4:40 pm to RobbBobb
quote:
and those willing to absorb their functions and come to work daily will be kept on
AKA those the employer can exploit and get more labor out of for the same price.
Posted on 9/26/22 at 4:44 pm to RobbBobb
Here's what you said:
That's not a fact at all. That's a blanket statement, which is your opinion.
quote:
the fact that WFH folks arent that critical
That's not a fact at all. That's a blanket statement, which is your opinion.
Posted on 9/26/22 at 4:48 pm to el Gaucho
Son I make more money in a month that you can dream of, and I'm not close to getting fired. They say anyone is replaceable....I'm the exception to that rule and I've worked from home for almost 15 years.
Also not a millennial.
Also not a millennial.
This post was edited on 9/26/22 at 4:49 pm
Posted on 9/26/22 at 4:53 pm to shel311
You can bet your arse that all these people that are bitching about work from home are the ones that get to the office and take an hour to actually start on work because of getting coffee, talking to co-worker, etc. They take 1.5-2 hr lunches, and leave the office at 4:30 because of "traffic".
I'd bet out of a 40 hr weeks these people might be at their desks working maybe 30.
I'd bet out of a 40 hr weeks these people might be at their desks working maybe 30.
Posted on 9/26/22 at 4:55 pm to BugAC
quote:
And i've said it to my wife, as long as there are people with no work ethic, and a complete unwillingness to put in extra effort towards their job, then my job security is locked up.
Based on statements you've made in this thread, this doesn't seem to be true. If your company can find someone who will do it more cheaply, they will do so.
Posted on 9/26/22 at 4:57 pm to Realityintheface
I enjoyed the private prison stock position he took.
Posted on 9/26/22 at 5:00 pm to LSU316
quote:
I'd bet out of a 40 hr weeks these people might be at their desks working maybe 30.
Often times the remote workers, especially young dumb ones still figuring out professional life, work 45 hours to achieve the same results. I don't think that's necessarily admirable or something to reward.
I had an employee who always talked about how busy he was, how he was working 60+ hour weeks, sending emails at 2am, etc. He was a great worker (ultimately a terrible manager of people too unfortunately), but didn't have more responsibilities than his peers. So there was an added challenge of having to explain to him why working that much is neither necessary, required, or impressive.
To the point about his people management skills, he was one that we did not want to lose because he got his work done and done well, so we promoted him too early in my opinion and he flamed out less than a year after his promotion. He could have gotten nice pay increases without the promo and probably been better off, but that's the game and it isn't new.
Posted on 9/26/22 at 5:07 pm to GRTiger
quote:
working that much is neither necessary, required, or impressive.
This is lost on several people in this thread.
Posted on 9/26/22 at 5:09 pm to jclem11
quote:
AKA those the employer can exploit and get more labor out of for the same price.
Well, they do have their money invested, so you take it or leave it. Otherwise its called communism
Posted on 9/26/22 at 5:11 pm to GRTiger
quote:
I had an employee who always talked about how busy he was, how he was working 60+ hour weeks, sending emails at 2am, etc. He was a great worker (ultimately a terrible manager of people too unfortunately), but didn't have more responsibilities than his peers. So there was an added challenge of having to explain to him why working that much is neither necessary, required, or impressive.
To the point about his people management skills, he was one that we did not want to lose because he got his work done and done well, so we promoted him too early in my opinion and he flamed out less than a year after his promotion. He could have gotten nice pay increases without the promo and probably been better off, but that's the game and it isn't new.
As you said that is a flaw with a lot of new managers....especially ones that are promoted into a managerial role on their same team before a resource is identified to fill their previous position. They tend to think that they have to get their work done for their old position in addition to their new responsibilities. I can tell you the first managerial spot I was promoted into I had the same issue. Luckily I have a great mentor that was able to council me out of that situation.
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