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re: U.S. jobless claims leap to nearly two-year high of 261,000
Posted on 6/8/23 at 12:14 pm to dbeck
Posted on 6/8/23 at 12:14 pm to dbeck
quote:
And the execs who made the decisions that led to $20 Million losses will still be there and probably get bonuses for laying everyone off.
That's how this economy works unfortunately. Our politicians back policies that outsource low and mid level jobs wherever possible. Our approach focuses on total net gain of wealth rather than maximizing opportunity for as many Americans as possible.
If an American company can maximize profits by outsourcing jobs to a country that doesn't reciprocate fair trade practices or respect intellectual property - they will. They won't think twice about it until there's a supply disruption. If a tech company can abuse the H1B Visa program to train up people who they know will be too afraid to ask for a raise - they will. Happens all the time even as our tech execs and politicians encourage children to take up studies in STEM fields.
The trade and immigration policies that enable this practice contributed to the popularity of Trump and Sanders in 2016. Because the working and middle class are getting totally screwed almost universally. Policy makers do not give a shite about those people at all. They haven't for 40 years or more.
This post was edited on 6/8/23 at 12:18 pm
1
Posted on 6/8/23 at 12:14 pm to member12
quote:
Policy makers do not give a shite about those people at all. They haven't for 40 years or more.
+1
Posted on 6/8/23 at 12:34 pm to yaboidarrell
My company just announce "early retirement" and if they don't hit the numbers there will be layoff in July.
Buckle up the job market is swinging back the other way for the foreseeable future.
Buckle up the job market is swinging back the other way for the foreseeable future.
Posted on 6/8/23 at 12:35 pm to RLDSC FAN
Layoff bug bit our firm today. Gonna get a lot worse at the rate things are going.
Posted on 6/8/23 at 12:42 pm to RLDSC FAN
Wait, this administration said this economy is strong!!!
I’ve never seen more failure with an administration in my lifetime!
I’ve never seen more failure with an administration in my lifetime!
Posted on 6/8/23 at 12:42 pm to H2O Tiger
All you guys talking about layoffs are obviously lying. Biden has told me as often as he can that the economy is great, and they are growing it from the middle out, not top to bottom. This approach protects hardworking Americans all over the country.
Meanwhile, Newsom is out there proposing a 28th Amendment that would implement gun control while his state continues to fall apart.
Meanwhile, Newsom is out there proposing a 28th Amendment that would implement gun control while his state continues to fall apart.
Posted on 6/8/23 at 1:31 pm to RLDSC FAN
Well.. No shite. They are allowing people with no skills in by the busload at the border.
Posted on 6/8/23 at 1:44 pm to yaboidarrell
[quote]Didn't we just hear about record low unemployment at the beginning of this week?[/quote
People living off the govt aren’t factored into those numbers
People living off the govt aren’t factored into those numbers
Posted on 6/9/23 at 4:32 am to sidewalkside
We’re upper middle not the super rich
Posted on 6/9/23 at 4:59 am to BHTiger
I think it will depend on industry and talent level. As layoffs happen eventually jobs can’t be done and companies have to rehire, you add in others leaving and it opens the door to those with talent.
Accounting is still red hot outside of big 4 layoffs
Overall though the economy is in the shitter, I just don’t see the normal overwhelming you are lucky to have a job and the power all back to employers. Too many young people refuse to leave the nest so some places will always be understaffed which leads to opportunities.
Accounting is still red hot outside of big 4 layoffs
Overall though the economy is in the shitter, I just don’t see the normal overwhelming you are lucky to have a job and the power all back to employers. Too many young people refuse to leave the nest so some places will always be understaffed which leads to opportunities.
Posted on 6/9/23 at 5:51 am to RLDSC FAN
Some oilfield service companies have quietly laid off.
Posted on 6/9/23 at 7:18 am to H2O Tiger
quote:
Layoff bug bit our firm today. Gonna get a lot worse at the rate things are going.
Which industry?
Posted on 6/9/23 at 7:59 am to RLDSC FAN
Always happens when the FED jacks up interest rates. Companies cut back without easy credit.
Posted on 6/9/23 at 8:30 am to RLDSC FAN
“Greatest Economy Ever”
Posted on 6/9/23 at 5:48 pm to dbeck
I honestly do not know how the CEO and President of Sales still have their jobs. In one year, they have driven the stock price from about $65/share to just over $10/share.
They must have pictures of someone in bed with a live boy or dead girl.
They must have pictures of someone in bed with a live boy or dead girl.
Posted on 6/9/23 at 5:52 pm to RLDSC FAN
Posted on 6/9/23 at 5:56 pm to RLDSC FAN
There are tons of jobs out there, but people just don’t want to put the effort into it.
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