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Topic: In other news ...

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OrangeAfroMan

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Re: In other news ...
« Reply #11858 on: January 29, 2022, 11:30:47 AM »
Quote from: utee94 on January 29, 2022, 11:13:23 AM

There's an enormous number of people that just stopped working in March 2020 and never came back.  I wish I knew how they could afford that, I wouldn't mind retiring right now myself.
They're not lying around in hammocks.

If your life sucks and you're just getting by with a job
AND
your life sucks and you're just getting by without a job

it becomes a pretty easy decision.  This seems to be lost on many who can't figure out why the slave class isn't eager to get back to "work."

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Cincydawg

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Re: In other news ...
« Reply #11859 on: January 29, 2022, 03:00:18 PM »
It's a mystery, I thought some of it was moms unable to find care for their youngsters, but UE among me remains about the same as women.  We just had brunch at Saints and Concil and talked with their GM, he mentioned how tough it was hiring, and he's paying handsomely.  It's the same everywhere and I can't figure out who left the force.
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betarhoalphadelta

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Re: In other news ...
« Reply #11860 on: January 29, 2022, 03:18:51 PM »
Well, I'd highlight that over 200,000 people aged 18-64 were permanently removed from the eligible workforce in the US since March 2020. Another 200,000 in the 65-74 age range were permanently removed as well, although that's a much less common age to be working...
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utee94

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Re: In other news ...
« Reply #11861 on: January 29, 2022, 03:54:32 PM »
Quote from: OrangeAfroMan on January 29, 2022, 11:30:47 AM
They're not lying around in hammocks.

If your life sucks and you're just getting by with a job
AND
your life sucks and you're just getting by without a job

it becomes a pretty easy decision.  This seems to be lost on many who can't figure out why the slave class isn't eager to get back to "work."



Slave class.  Lulz.  Spoken like someone who's never known slavery. Or worked as a server in a restaurant.  Your white privilege is showing.


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utee94

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Re: In other news ...
« Reply #11862 on: January 29, 2022, 04:01:05 PM »
Quote from: betarhoalphadelta on January 29, 2022, 03:18:51 PM
Well, I'd highlight that over 200,000 people aged 18-64 were permanently removed from the eligible workforce in the US since March 2020. Another 200,000 in the 65-74 age range were permanently removed as well, although that's a much less common age to be working...


Not making light of the death and misery coming from this disease (or any other), but 200,000 is a drop in the bucket compared to the 10 million or so current unfilled job openings.


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Cincydawg

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Re: In other news ...
« Reply #11863 on: January 29, 2022, 04:06:08 PM »
I'd figure the "slave class" works because they need money.  I don't know why suddenly they wouldn't need money unless they get it from other sources, either illegally or from mom and dad et al.  I worked to get money to live, and retire, I mostly didn't enjoy it, I would not have worked had I not needed the income.

I see ads for basic jobs everywhere paying $15 an hour.  How are folks getting by with no income?  Unemployment is low, the missing factor is seen in thelabor force participation rate.  We have about 156 million people working today.  It's down quite a bit from preCOVID, about 2 million not working and not seeking work.


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bayareabadger

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Re: In other news ...
« Reply #11864 on: January 29, 2022, 04:06:30 PM »
Quote from: utee94 on January 29, 2022, 11:13:23 AM
Goes back to the question we were asking a couple of days ago (and we've been discussing since Summer 2020)-- where did all the workers go?

They didn't all find success and gainful employment in New Market jobs-- they didn't all abandon waiting tables and driving trucks and working on the docks and surveying land, to become social media influencers or remote logistics planners or bakers operating out of their home kitchens.

There's an enormous number of people that just stopped working in March 2020 and never came back.  I wish I knew how they could afford that, I wouldn't mind retiring right now myself.
Yes obviously it is probably multifaceted, but I wonder if a part was maybe accelerating retirement plans for a somewhat older workforce? Like people who were close to that suddenly had functional retirement and realized they could keep going that way?

I know dad spent several years putting off retirement. His companies issues during the pandemic forced them to lay him off, and that point why would he go back? Maybe this is a bigger cadre than we realize.

just a guess.
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bayareabadger

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Re: In other news ...
« Reply #11865 on: January 29, 2022, 04:08:04 PM »
Quote from: utee94 on January 29, 2022, 04:01:05 PM
Not making light of the death and misery coming from this disease (or any other), but 200,000 is a drop in the bucket compared to the 10 million or so current unfilled job openings.



Do we have numbers on what that was before the pandemic started?
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Honestbuckeye

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Re: In other news ...
« Reply #11866 on: January 29, 2022, 04:09:10 PM »
Quote from: bayareabadger on January 29, 2022, 04:06:30 PM
Yes obviously it is probably multifaceted, but I wonder if a part was maybe accelerating retirement plans for a somewhat older workforce? Like people who were close to that suddenly had functional retirement and realized they could keep going that way?

I know dad spent several years putting off retirement. His companies issues during the pandemic forced them to lay him off, and that point why would he go back? Maybe this is a bigger cadre than we realize.

just a guess.
I definitely think your right- it is a contributing factor for sure.

I personally know of 5-6 folks that fit that description. 
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847badgerfan

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Re: In other news ...
« Reply #11867 on: January 29, 2022, 04:12:13 PM »
Quote from: bayareabadger on January 29, 2022, 04:08:04 PM
Do we have numbers on what that was before the pandemic started?
I recall it being about 4,000,000.
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Cincydawg

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Re: In other news ...
« Reply #11868 on: January 29, 2022, 04:15:01 PM »
The labor force participation rate is the percentage of the working-age population — the civilian noninstitutional population age 16 or older — in the labor force.
The labor force measures how many Americans are working or actively seeking work — it’s the sum of the employed population and the unemployed population, where unemployed means a person is out of a job but has looked for work in the past month. Meanwhile, anyone who is not employed and has not looked for work in the past month is not considered to be in the labor force.
The number of people flowing in and out of the labor force affects the unemployment rate, since the unemployment rate is a measure of how many people in the labor force are out of a job. For example, if total employment holds constant and unemployed Americans stop looking for work, thereby leaving the labor force, the unemployment rate will fall even though no jobs have been added. Conversely, if employment holds steady and recent graduates enter the labor force looking for work, the unemployment rate will rise even though no jobs have disappeared.
The labor force participation rate increased steadily during the last three decades of the 20th century before peaking in February 2000. Since then, the rate has fallen, partly because the American population is proportionally older compared to previous decades. The first baby boomers reached age 55 in 2001, and as the generation continued to age beyond what is considered prime working age — between 25 and 54 — the nation’s labor force participation rate also waned. The aging population wasn’t the only factor, though, as participation among prime working age men and women also declined in the first two decades of the 21st century.


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utee94

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Re: In other news ...
« Reply #11869 on: January 29, 2022, 04:17:05 PM »
Quote from: Honestbuckeye on January 29, 2022, 04:09:10 PM
I definitely think your right- it is a contributing factor for sure.

I personally know of 5-6 folks that fit that description. 
It might be a small percentage but I don't think many of the hundreds of thousands of missing bartenders and restaurant servers and dock workers and truck drivers fit that description.

I get it, those aren't the most desirable jobs.  But plenty of them pay a living wage.  People work to make money.  It's why I work.  And I worked crap jobs in high school because that's all I could get, and I needed the money, in order to do the things I wanted to do.
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bayareabadger

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Re: In other news ...
« Reply #11870 on: January 29, 2022, 04:33:00 PM »
Quote from: utee94 on January 29, 2022, 04:17:05 PM
It might be a small percentage but I don't think many of the hundreds of thousands of missing bartenders and restaurant servers and dock workers and truck drivers fit that description.
I mean, there's going to be no one single answer, but an amalgamation of a lot of things. All of those seem like interesting, different cases. 

Dockworkers if a fascinating one to me because I'm not sure the training involved. Obviously it's not the job it used to be. Truck driving is also intersting because it's such a non-differentiated product, I know it had some real issues with workforce abuse that got ingrained in part of the industry. 
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OrangeAfroMan

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Re: In other news ...
« Reply #11871 on: January 29, 2022, 04:38:07 PM »
Quote from: utee94 on January 29, 2022, 03:54:32 PM
Slave class.  Lulz.  Spoken like someone who's never known slavery. Or worked as a server in a restaurant.  Your white privilege is showing.
How do you scoff at the idea WHILE specifying one of the largest and worst offenders - food service.  They're not paid a living wage.  It's criminal.  
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“The Swamp is where Gators live.  We feel comfortable there, but we hope our opponents feel tentative. A swamp is hot and sticky and can be dangerous." - Steve Spurrier
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