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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 9:41 am to wadewilson
Posted on 9/26/22 at 9:41 am to wadewilson
quote:
Work 40 hours. Get a check.
Work 50 hours. Get the same check.
Work 60 hours. Get the same check.
Then they wonder why their company has more turnover than an Applebee's.
"NOBODY WANTS TO WORK ANYMORE!"
QUIET QUITTING! AHHHHHHH!!!!!!
0
Posted on 9/26/22 at 9:42 am to msutiger
quote:This
We also have to consider that there are still a shite ton of unfilled white-collar positions.
Labor participation continues to be stagnant.
While we are headed to a serious recession, this isn’t a normal one. I’m not sure anyone can accurately predict what this one will look like
Posted on 9/26/22 at 9:43 am to BugAC
quote:
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?
Props on proving the point. I bet you don't even realize you're doing it
Posted on 9/26/22 at 10:15 am to Realityintheface
quote:
Michael Burry is short the market and is using his platform/notoriety to try and drive it down further.
his most recent 13F only showed investment in Geo Group
Posted on 9/26/22 at 10:23 am to Mingo Was His NameO
quote:
I replied to your first post in earnest, but now I see you are just a retard
Coming from you, that's a compliment. Thanks!
Posted on 9/26/22 at 10:25 am to BluegrassBelle
quote:
What Millennials or Zoomers do you know that are regularly buying 3,000 SF houses in this market in any major metro area?
Seems to be about a thread a month about how college grads can't buy a home anymore, yet boomers were able to do it. Also telling this is the only portion of my post you chose to respond to.
Posted on 9/26/22 at 10:26 am to BugAC
quote:
Seems to be about a thread a month about how college grads can't buy a home anymore, yet boomers were able to do it.
do you know why?
Posted on 9/26/22 at 10:27 am to BugAC
quote:
yet boomers were able to do it.
Yea, no fricking shite life was easy for yall. You must be doing this on purpose now.
Posted on 9/26/22 at 10:28 am to wadewilson
quote:
Work 40 hours. Get a check.
Work 50 hours. Get the same check.
Work 60 hours. Get the same check.
Do you want to be hourly or salary? It's a simple question.
quote:
Then they wonder why their company has more turnover than an Applebee's.
My company is one of a few, with a relatively low turnover margin in my industry. The people that have experience, and that have been with the company 10 years or more, tend to stay with the company. This is common amongst most companies.
Posted on 9/26/22 at 10:28 am to Salmon
quote:
do you know why?
Entitlement.
Posted on 9/26/22 at 10:29 am to LNCHBOX
quote:
Yea, no fricking shite life was easy for yall.
I'm 40, genius.
Posted on 9/26/22 at 10:29 am to BugAC
quote:
Entitlement.
Thank you for proving what I already knew
Posted on 9/26/22 at 10:30 am to BugAC
quote:
Do you want to be hourly or salary? It's a simple question.
Why? So you can tell me if you're going to pay a shite salary and work me 60 hours a week or pay me a shite hourly and hire a part timer so I never get OT?
Yeah, frick yourself.
Posted on 9/26/22 at 10:30 am to BugAC
quote:
I'm 40, genius.
Guess you're an old soul.
Posted on 9/26/22 at 10:31 am to tiggerthetooth
I'm as concerned as the rest of you about our shaky economy.
It's not helped by policymakers and the Fed both being completely flat footed on everything the past year.
But keep in mind that Michael Burry is also in a heavy short position and is trying to hasten what he sees is coming. He's using his twitter influence to do just that.
It's not helped by policymakers and the Fed both being completely flat footed on everything the past year.
But keep in mind that Michael Burry is also in a heavy short position and is trying to hasten what he sees is coming. He's using his twitter influence to do just that.
Posted on 9/26/22 at 10:33 am to BugAC
quote:
Do you want to be hourly or salary? It's a simple question.
Out of curiosity, if someone took a pay cut to go hourly, what would you consider a fair number of hours per week for them to work to at minimum match what they were making previously.
My previous owner had the same mindset as you and anytime someone agreed the number would be around the 60 hour mark, which is laughable.
What do you think is fair?
Posted on 9/26/22 at 10:33 am to Salmon
And by entitlement, he means that the average price for a starter home today is $230k vs $47k in 1980, and that construction of starter homes is way down and in the busiest markets they're being bought above price by blackrock.
Posted on 9/26/22 at 10:33 am to BugAC
quote:
I'm 40, genius
People that are 40 are boomers
Posted on 9/26/22 at 10:35 am to goofball
quote:He has successfully predicted 157 of the last 1 recessions
But keep in mind that Michael Burry is also in a heavy short position and is trying to hasten what he sees is coming. He's using his twitter influence to do just that.
Posted on 9/26/22 at 10:36 am to SECdragonmaster
quote:So you're a globalist cuck, got it
We completely replaced our billing department from oversees for 40% of the expense and we have collected more (quarterly) than ever before. I was sad to let those people go but business is business when we don’t share space and form relationships.
I was in the process of evaluating replacing our IT department with overseas as well. However, in a coincidental event, after we fired the billing team - the entire IT team came back to the office except for one guy who wife is battling cancer. He is a great worker and I support his working from home.
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