re: Michael Burry: The white collar employment bubble is bursting right before our eyes

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Easier to hire or fire someone like that

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Oh yea? What if I just don’t answer the phone?

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Overpaid administrators are a big problem for a lot of companies, interesting to see what happens.

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This is true in Healthcare. Its over-bloated.

(no message)

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As an employee, I have little interest in work from home. I enjoy social interaction far too much to be boxed into a home office all day.

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These are always the weirdest statements to me. You and that WDE guy should work together. He needs colleagues to have friends too.

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True. It’s much easier to train someone in person than by zoom.

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For most things, yeah. Not every job.

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You hit the nail on the head and will trigger the frick out of the mUh BuSiNeSs OwNeR who does all the hard work himself.

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Are you a business owner?

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If you want more work from me, you need to pay me.

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Then you want to be an hourly employee, and not salary. I'm assuming you are willing to take a pay cut, in exchange for overtime?

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Yeah, most people are rational. This is what I want too.

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Then you want to be a minimum wage earner. Plenty of those jobs out there.

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Are you a business owner?

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We are going to do this again.

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Then you want to be an hourly employee, and not salary.

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Guess what my man, I am both salary and I get paid OT. I know your mind is probably blown.

I work in professional services and I make money for the firm for every single hour I bill.

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I'm assuming you are willing to take a pay cut, in exchange for overtime?

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I started working, professionally, in 2005. I was what all millenials may consider "overworked". I considered it, paying my dues. Now, i'm comfortable in my career. It took me awhile to get here.

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Good for you. I’ve been working since the 90s, 2000 for more serious jobs post-graduation.

I’ve had jobs where I’ve had no problem working “over and above” knowing I’d pay my dues and get a solid bump. I’m doing it right now in a career change.

That said, I definitely had other jobs where I was expected to go over and above out of sheer competency (“Hey, Belle can do it. She’ll get it done right”) without the carrot of real upward mobility. This is where a lot of workers languish. It was a good part of the reason I made a major career change in my 30s. And when I started saying no to things without real compensation, management didn’t like it.

So it’s not “reality is” a lot of the time. Add to it a lot of older workers in management positions no longer retiring at 65, it creates a logjam.

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This entitled generation expect to be paid salary, but also get paid for anything over 40 hours. That's not reality. I had a kid we hire state that if he had to work late he wanted to be compensated "fairly". Employment and your salary is your compensation. If you want to work hourly, then you will get paid HOURLY, at a much reduced rate. Someone is feeding kids a line of bullshite, and a lot of it is from the "ok, boomer" crowd. The entitlement and poor work ethic of these children out of college is mind boggling. In order to be entitled, you have to EARN IT.

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The problem is millennials are way behind where the previous generations were at their age because of the financial crisis. When companies got back on their feet a few years after that they first hired back the laid off experienced workers and then eliminated training programs as a cost-cutting measure. Besides, there were tons of experienced folks looking for jobs, so it was easy to receive resumes with perfect experience to the job they're looking for.


Corporate America fricked themselves with short-term thinking and now there's going to be a lot of pain to get new employees that will have the experience they need to perform their jobs.


Yeah they're entitled and snobby and maybe even lazy quiet quitting types, but the way things went they were never allowed to grow up with boomers clogging up everything while eliminating all of the structures boomers used to get where they were at.


The boomers got into their jobs with no college degrees, training programs, etc., but never ever considered how the changing standards might frick the younger generations over in the long run (demanding college degrees and eliminating any formal training programs).

Our economy became a mercenary economy with the boomers extracting as much as they could out of who they could and then tossing them out afterwards with no thanks.

Boomers were the last generation with long term employment at one company and completely eliminated that possibility for those after them.

Now we see the fruits of that. People don't trust companies to be fair towards them and are demanding more upfront. Do they deserve it? Probably not, but you can see why after watching their parents they'd do that.