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That, and professional people don't want to work at the only game in town. There's a lot less incentive for such an employer to keep you happy. And if they fold up, the value of your house tanks.
Yes this is why monopolies/monopsony suck because they basically can commoditize your labor. But no one seems to care mergers and acquisitions = good, no matter what (antitrust has not been REALLY enforced since standard oil) and even then a lot of the spin-offs of standard oil have been allowed to grow very large and powerful once again.
I dont get how these concepts are so hard for libertarians to grasp.
Thats incorrect. If the minimum wage doesnt buy the necessities of life in that community, then job is pointless. You are still trying to force the poor to either beg govt welfare or live under a bridge.
Minimum wage is meant to be starter jobs, not necessarily provide the necessities. A job is not pointless unless it goes unfilled - someone is not willing to do the work for the wages proposed. Minimum wage with assistance is better than no job and on welfare.
Minimum wage is meant to be starter jobs, not necessarily provide the necessities. A job is not pointless unless it goes unfilled - someone is not willing to do the work for the wages proposed. Minimum wage with assistance is better than no job and on welfare.
Now that the Supreme Court has ruled that towns can no longer enforce vagrancy laws AND if the National gaurd steps in to oppose local law enforcement then I will agree with you.
If people don’t want your sh!!y job and would rather be homeless then that needs to be legal and enforced by military if need be.
Crapping outside living in tents etc. it’s a protest that people won’t work dead end jobs for low pay and you can’t use police to harras them into it anymore.
The key component missing in this is that trust in the market is severely broken and the market remains extremely fickle. Ok so there's demand for extremely skilled craft woodworking ... which takes decades to perfect that craft but the market has not provided decades of stable well-paying employment in said craft so who is going to do it (unless its someone hobby that they are now able to capitalize on which is a small percentage of people that have a day job that allows them to set up a wood working shop).
This is the problem with having economics classes dumbed down to simple line graphs and basic algebra, the complexity is extremely high when you have such dysfunctional markets such as ours.
So yes, today there is super high demand for VERY specific niche skills ... and tomorrow it will be super high demand for DIFFERENT very specific niche skills. All of these skills requrie at a minimum several years to at least get good at and a great many of them require you to have capital upfront to set up shop (if you really want to make any money).
BTW people only feel lucky to have a job IFF its a good job, its starting to become clear that a great number of people would rather be homeless than take the abundance of crappy mcjobs the market is offering.
bottom is line is the money is always in doing the things others won't or can't do for themselves ..
our septic guy when we had the house in pa has a multi million dollar business and an 8th grade education .
i got in to being an hvac tech decades ago because few were doing it .. guys would rebuild automatic transmissions or build their own houses . but i never knew anyone who went inside the sealed system of a commercial ac unit and started playing around .
as that area filled i morphed in to other areas that used the basic skills . staying ahead of the curve takes a lot of effort .
The key component missing in this is that trust in the market is severely broken and the market remains extremely fickle. Ok so there's demand for extremely skilled craft woodworking ... which takes decades to perfect that craft but the market has not provided decades of stable well-paying employment in said craft so who is going to do it (unless its someone hobby that they are now able to capitalize on which is a small percentage of people that have a day job that allows them to set up a wood working shop).
In the story of the furniture manufacturer, local businesses were able to get the local community college to offer short (6-week) programs coupled with 6-week on-the-job training. It does not appear those employers are looking for the type of skilled artisan woodworkers you describe.
They're earning in the $40K/year range. One employer, to keep employees, is giving raises every 2 weeks.
The article says the furniture manufacturers are focusing on upholstered furniture where the wood frames are largely hidden. The pure wooden furniture side of the business such as dining room tables has gone overseas and won't likely return. The upholstered side of the business is booming in the USA. There is an economic advantage to making upholstered furniture in the USA compared to overseas. It seems pure wood furniture like dining room tables & bookcases can be shipped unassembled and hence they don' take up much space in a shipping container. Upholstered furniture, in contrast, doesn't lend it self to being shipped unassembled.
Quote:
Originally Posted by pittsflyer
This is the problem with having economics classes dumbed down to simple line graphs and basic algebra, the complexity is extremely high when you have such dysfunctional markets such as ours.
The markets are highly functional. There is zero evidence of widespread dysfunction.
Economics is not dumbed down. Economics uses mathematics typically not taught at the undergraduate level.
Quote:
Originally Posted by pittsflyer
So yes, today there is super high demand for VERY specific niche skills ... and tomorrow it will be super high demand for DIFFERENT very specific niche skills.
That's a good thing, right?
Quote:
Originally Posted by pittsflyer
All of these skills requrie at a minimum several years to at least get good at and a great many of them require you to have capital upfront to set up shop (if you really want to make any money).
The onus is on each of us to keep our skills sharp, current and in demand. That's a good thing.
Quote:
Originally Posted by pittsflyer
BTW people only feel lucky to have a job IFF its a good job, its starting to become clear that a great number of people would rather be homeless than take the abundance of crappy mcjobs the market is offering.
The article doesn't talk about employees feeling lucky to have a job.
The article talks about EMPLOYERS feeling lucky when they can attract and retain employees.
There is a plethora of high quality professional jobs at all levels and a severe shortage of potential employees.
It's incredible how many people make this vapid reference to the glories of employment at Mom&Pop stores. I worked in a couple as a teenager and they paid min wage, with even less benefits than the chain drug/hardware stores.
Mom&Pop isn't necessarily better by virtue of being called that.
It is rare they compensate more than working a mcjob, and worse, there is zero upward mobility in the mom&pop stores, you are where you are at forever, and lord forbid the owners have an extended family, every one of them will be above you, always, and they will be infallible. At least with a larger company, you escape a lot of nepotism.
In the story of the furniture manufacturer, local businesses were able to get the local community college to offer short (6-week) programs coupled with 6-week on-the-job training. It does not appear those employers are looking for the type of skilled artisan woodworkers you describe.
They're earning in the $40K/year range. One employer, to keep employees, is giving raises every 2 weeks.
The article says the furniture manufacturers are focusing on upholstered furniture where the wood frames are largely hidden. The pure wooden furniture side of the business such as dining room tables has gone overseas and won't likely return. The upholstered side of the business is booming in the USA. There is an economic advantage to making upholstered furniture in the USA compared to overseas. It seems pure wood furniture like dining room tables & bookcases can be shipped unassembled and hence they don' take up much space in a shipping container. Upholstered furniture, in contrast, doesn't lend it self to being shipped unassembled.
The markets are highly functional. There is zero evidence of widespread dysfunction.
Economics is not dumbed down. Economics uses mathematics typically not taught at the undergraduate level.
That's a good thing, right?
The onus is on each of us to keep our skills sharp, current and in demand. That's a good thing.
The article doesn't talk about employees feeling lucky to have a job.
The article talks about EMPLOYERS feeling lucky when they can attract and retain employees.
There is a plethora of high quality professional jobs at all levels and a severe shortage of potential employees.
Well that sounds pretty cool. As a professional engineer in multiple disciplines (with multiple degrees and multiple professional licenses nothing happens in a few weeks). Everything is measured in multiple months at the least but mostly in years.
So when the market started disposing of engineers people stopped doing it, well the turn over time for a professional engineer is not 6 weeks so there may be a bit more hell to pay in the future if large demand comes back.
Not only that, but the purpose of a job isn't to give someone a paycheck or support a family. Jobs exist because work needs to be done.
If only more people understood this. Businesses aren't open to support employees. They're open to make money for the owners. Jobs come open because owners need help with the work.
What qualifies you to determine what these jobs "need"? Why a two-year degree? Why any degree? Why not a Masters?
The owners of those stores have, apparently / according to you, determined that they want a four-year degree for store managers, and they also apparently have no problem finding enough people who fit their requirements and who will accept and keep the jobs as well as perform adequately.
You're certainly free to open a competing store and set whatever requirements you believe are appropriate. But neither you nor anyone else has any business dictating to them what they do to operate their businesses.
You completely missed the point. No one wants to dictate anything. Maybe you missed 2008, but it caused employers to be a lot pickier and they haven't let go of their search for unicorns. The stores were just an EXAMPLE. In general, many jobs keep cutting and pasting old requirements onto job postings. It's called common sense and business sense. You an MBA who just paid 50-70k for their degree is going to want that job? LMAO, they wouldn't be using their education or skill set so unless the pay were fantastic (it's not) then, yeah, we can "dictate" things. Work is a business transaction. People provide a service/skill and the employer pays them. If the deal isn't good, one of the parties will leave. Having massive turnover is not a good thing in most positions.
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