edyvw
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In Colorado there are 2 jobs for every unemployed person. And starting wages in services are almost hitting $20.
Stellantis offering voluntary buyouts
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This is fair, I am more worried about the next generation coming into power in my company and running it into the ground. Currently the old guard are a bunch of brothers who at least have their wits about them being born in 50s & 60s. Their children...maybe not especially the daughters, bunch of divas I do not have time for.
I also expect buyout / severance to go away over time, because it costs money,
The national debt back then was less than one third of what it is now. This cannot be ignored. You can't outrun a freight train.
...and we complained just as much about the national debt. Again, it can't keep rising at the current rate relative to GDP, but debt service being some reasonable fraction of GDP is all that matters.
Said another way, this $30T NEVER goes away. In the best circumstance, the debt service still grows year over year just at a pace that is slower than the increase in GDP, and over time, debt service becomes a smaller % of GDP. As an example, if debt service doubles but GDP triples in the same time frame where still in much better shape than right now. This is calculus and not arithmetic.
Sounds more like something you step in that smells.
With GM, I saw the writing on the wall and retired last August (after diagnosed with cancer)- even took my retirement as a lump sum because I do not trust them. I had a long and distinguished career that spanned production, quality, engineering etc....that I am thankful for BUT the last 10 yrs were awful as they kept skidding down the ramp to hell. Worked 7 days week for over 8 yrs and missed family........I am now living my dream running my own auto repair and restoration shop so life is started again and seeing family is so nice. Screw GM and I mean that - I gotta change my screen name too!
More of the same, corporate greed and stupidity. CEOs still making 500x the average employee and getting MILLIONS of dollars of golden parachutes. Average workers might get a few weeks and in some cases like GM a full year salary to take the package (admittedly extremely generous soft landing). Most get almost nothing in severance. CNN layoff tracker: https://www.cnn.com/2023/04/25/business/layoffs-2023/index.html
Automation is very destruction, plus corporate and government bloat, stupidity, wasteful DEI unproductive nonsense, hiring empty brains that cost money only to lose billions on stupid projects anyone with common sense would see will fail. It's a mental illness spread throughout the nation and world that will cripple our nation. If you dispute this, the current banking collapse has seen combined MORE MONEY LOST / TRANSFERRED THAN THE 2008 COLLAPSE thus far, including the nations 2nd largest, now gone. First Republic Bank is the 2nd largest bank failure in US history, and it just happened! Interest rates now around 7% or higher for those with good credit. Massive illegal bailouts, massive frauds, massive corruption, massive dishonesty at almost all levels of government and corporate America... And on, and on, and on. We're at the beginning stages of a financial zeroing out for many many people.
It's going to be a bloodbath... quite probably worse than anyone alive has experienced, for most Americans.
Automation is very destruction, plus corporate and government bloat, stupidity, wasteful DEI unproductive nonsense, hiring empty brains that cost money only to lose billions on stupid projects anyone with common sense would see will fail. It's a mental illness spread throughout the nation and world that will cripple our nation. If you dispute this, the current banking collapse has seen combined MORE MONEY LOST / TRANSFERRED THAN THE 2008 COLLAPSE thus far, including the nations 2nd largest, now gone. First Republic Bank is the 2nd largest bank failure in US history, and it just happened! Interest rates now around 7% or higher for those with good credit. Massive illegal bailouts, massive frauds, massive corruption, massive dishonesty at almost all levels of government and corporate America... And on, and on, and on. We're at the beginning stages of a financial zeroing out for many many people.
It's going to be a bloodbath... quite probably worse than anyone alive has experienced, for most Americans.
Well...call it what you want...it's a mathematical fact...it's all about rates of change. The only question is can we grow the debt at a slower rate than we do GDP? For that, we will all have to wait and see how this plays out...
As to debt and dollar, the debt is crippling, our GDP has been negative as it relates to debt for many years, the cost to service our debt I believe is now the 2nd or 3rd largest expenditure. We've had to raise the debt limit so frequently (basically every year for 2 decades) that it's now meaningless. The dollar is in death throws as it collapses and 50% of the world is slowly moving away from the petro dollar to alternatives (BRICS allegiances representing around 1/2 the globe, many superpowers, many major producers of energy, food, and goods). The writing is on the wall and it's all very very bad especially for the west. Decades of total fiscal, economic, political, and military irresponsibility, right up to today, have put on a irreversible path to ruin.
Combine that a current kinetic and unconventional super-power war, plus looming additional wars, and with AI and automation robotics replacing almost every job the next 10 years is going to be bad for the majority. I honestly have a very dim view of what is coming and it will be very disruptively bad, on many fronts, for almost every person. Nothing is going to stop it as it gains momentum.
Combine that a current kinetic and unconventional super-power war, plus looming additional wars, and with AI and automation robotics replacing almost every job the next 10 years is going to be bad for the majority. I honestly have a very dim view of what is coming and it will be very disruptively bad, on many fronts, for almost every person. Nothing is going to stop it as it gains momentum.
There’s a big difference between a part time burrito maker at Chipotle making $17 an hour and a $50 an hour full time job that can support a family.
Maybe so. However:
1. $20/hr today is about $5 an hour in buying power circa 2010. So there is no major advancement in finances.
2. Huge incentives to stay on the dole and side hustle cash gigs.
3. Many turn to crime and scams, especially considering penalties have been reduced or eliminated (some states have $1000 theft amounts for felonies, which is nuts, and many won't even prosecute misdemeanors or they get thrown out, etc. convicts released from jails, and so forth).
4. Legal drugs/weed make it hard for employers to find suitable non-drug using employees.
5. Folks are tired of all the DEI and anti-harassment and similar HR training nonsense.
Jobs peak and valley in my 30 years working at first construction engineering and then IT application development. Just learn to learn at while at your job and you’ll stay relevant.
edyvw
$50 site donor 2025
There has ALWAYS been that difference.
CO doesn’t lack those jobs either.
edyvw
$50 site donor 2025
@leadcounsel
Harassment? That can only be a problem in one instance, and that is for a person that does it.
HR training has been present since the philosophical idea of training on work. When I was hired, I spent total 4hrs to do HR training in the span of 3 months. If that is a problem for someone, I do not want that person working for me. That means a bunch of other things is a problem.
Actually is $14.45.
That is an opinion, nothing else.
Do you have ANY data about this, or is this just what you hear on the internet or blogs?
Not really. Just because some states legalized weed does not mean people flocked out to smoke. That is actually NOT how it works. For example, many European countries legalized prostitution, and miraculously, most women or/and men did not become prostitutes. But they did see a huge decline in STDs and human trafficking. For example, my neighbors did not start lighting up immediately bcs. it is legal. Actually, illegality has its share of responsibility for using it. A huge majority of university presidents support, for example lowering the drinking age from 21 to 18 as there is by now a slew of evidence that that would lower DUIs, alcohol-related violence etc.
Not really. I hire people all the time and people with terminal degrees. DEI is very simple. 1. You hire the best-qualified person. 2. You advertise in publications that are aimed at different ethnicities, races etc. Then, again, you hire the best-qualified person. I hired people of all races, sexual preferences etc. Takes me 10min to be compliant when writing an ad. After that, it is all about the quality of the applicant. It actually makes my job much easier when I know that people think our place is welcoming. We get much better candidates.
Harassment? That can only be a problem in one instance, and that is for a person that does it.
HR training has been present since the philosophical idea of training on work. When I was hired, I spent total 4hrs to do HR training in the span of 3 months. If that is a problem for someone, I do not want that person working for me. That means a bunch of other things is a problem.
The debt has tripled from under $10 TRILLION, to over $33 TRILLION in just 14 years. This cannot continue. Anymore than a family can spend $100K a year when they are only earning $60K. This isn't calculus.... It's common sense.
If that same family prints money to cover the difference it's called counterfeiting, and it's a federal offense. This is because if everyone did it, it would collapse the economy.
When the government does it, it's called, "stimulus". And it's every bit as dangerous.
If you believe Americans have "only" lost 25% of buying power since 2010, no point in trying to debate the rest. Total nonsense. Americans have lost 25% of buying power in the last 1-2 years.
But I will state that legal weed saw a drastic increase in weed use, other hard drug use, homelessness, and socio-economic issues. Also more crime. Also lower employment. All are a direct correlation. Go watch "Seattle is dying" documentary. Wash. was an early legalized weed state and it got ruined overnight by these issues. I believe Denver (an early legal weed state) has been trashed too.
As for DEI, "hiring the best person" but limiting ethnicities, is racist at the core and NOT hiring the best person necessarily. Studies showing more environmental and industrial accidents as a result of DEI hirings.
Example. If you are hiring a lawyer but focusing on non-whites, you automatically elimiate 86% of your hiring pool because whites are 86% of lawyers. Not only a blatantly (illegal) racist practice, but you're now picking the best lawyer from a smaller 14% pool of lawyers. Limit if further to a female (also illegal), you're down to around 5% of all lawyers.
https://www.americanbar.org/groups/young_lawyers/projects/men-of-color/lawyer-demographics/
It is a fundamentally poor idea. If I had a company hiring people, I'd sure hope my hiring manager or HR person knew this information. Also if I lost out on a job due to my white male race/sex, I'd sue them under federal discrimination law for huge damages.
"Harassment" at work is largely a fictional problem we spend billions of dollars and waste billions of hours on. And isn't it interesting, all this "training" and yet it's a "growing" problem. Hmmmm.... How about the inverse. It's a big waste of time and money, and people see fat deep wallets by making up harassment and getting big payouts. It should all be abolished except the most egregious witnessed examples. Along with abolishing grossly bloated HR departments who push papers around, don't understand economics, and cannot understand hiring a person due to skin color is racist.
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Maybe the writing on the wall for the alert?
Leave now on your own terms with a check and venture into what remains a strong job market or stick around and see whether you survive? There are plenty of jobs out there for people with skills and decent resumes that don't involve Chipotle or Waffle House.
A lot of this thread consists of nonsense portrayed as truth.
The component parts of Stellatis have been a slow-motion train wreck for decades.
They do offer some vehicles I could see buying as well as many I wouldn't consider.
We cannot generalize this action as a harbinger of some general end of the world economic collapse.
I personally think that the widely forecast 2023 recession won't happen and that the Fed has acted prudently in cooling the economy to wring out inflation.
It's merely one metric, atop a PILE of all bad metrics across nearly all industries. How you cannot see this, I have no idea.
"The components..."
33,500 people are losing their jobs. Not just some irrelevant door handle design sub-committee. Based on 2020 employment numbers that appears to be roughly 12% plus or minus of all employees from their reported 300,000 employment numbers. So about 1 in 9 people gone... in round 1. That's a bloodbath deep cut.
It also hits to the point of irrational terrible business decisions in many regards.
Then you would be demonstrably incorrect. How a person thinks we're not in a recession, is shocking to me. It truly is.
Where to begin?
For decades a recession was defined as 2 consecutive periods of negative growth. We have been in that. To avoid the "recession," the definition was changed this year. Other indicators, high inflation, high rates of job loss, negative GDP, low consumer confidence, contracting economy, contracting income, contracting manufacturing, inverted yield curves, excessive debt, asset bubbles, sudden stock market declines, sudden economic shocks (e.g. banking failures, struggling currency, energy price spikes, power grid failures, major disasters, food shortages, shortages of goods, etc.) ... HMMMMM. That sounds really, really familiar to what has been happening in the US the better part of 2-3 years. We have ALL of these indicators, and more.
Note that recessions in the past have been caused in part by many of our current events, to include banking failures and energy price spikes.
We are no doubt deep in a recession, bordering on depression. Depressions are really bad long term deep recessions. If we are not already at the start of a depression, it's on the horizon with little relief in sight.
https://www.forbes.com/advisor/investing/what-is-a-recession/
You apparently believe in a gloom and doom scenario that just doesn't seem to be happening.
It's merely one metric, atop a PILE of all bad metrics across nearly all industries. How you cannot see this, I have no idea.
"The components..."
Based on 2020 employment numbers that appears to be roughly 12% plus or minus of all employees from their reported 300,000 employment numbers. So about 1 in 9 people gone... in round 1. That's a bloodbath deep cut.
It also hits to the point of irrational terrible business decisions in many regards.
Then you would be demonstrably incorrect. How a person thinks we're not in a recession, is shocking to me. It truly is.
Where to begin?
For decades a recession was defined as 2 consecutive periods of negative growth. We have been in that. To avoid the "recession," the definition was changed this year. Other indicators, high inflation, high rates of job loss, negative GDP, low consumer confidence, contracting economy, contracting income, contracting manufacturing, inverted yield curves, excessive debt, asset bubbles, sudden stock market declines, sudden economic shocks (e.g. banking failures, struggling currency, energy price spikes, power grid failures, major disasters, food shortages, shortages of goods, etc.) ... HMMMMM. That sounds really, really familiar to what has been happening in the US the better part of 2-3 years. We have ALL of these indicators, and more.
Note that recessions in the past have been caused in part by many of our current events, to include banking failures and energy price spikes.
We are no doubt deep in a recession, bordering on depression. Depressions are really bad long term deep recessions. If we are not already at the start of a depression, it's on the horizon with little relief in sight.
https://www.forbes.com/advisor/investing/what-is-a-recession/
Why do we have a segment of our population who want to proclaim that the sky is falling and the tornadoes are upon us when the skies are sunny and we are enjoying a light breeze?
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