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I suspect most people think that this extremely low unemployment rate is a positive but keep in mind the Fed wants to slow the economy down. I believe this will just cause them to keep increasing interest rates until they achieve their desired results. By the way, there have been quite a few layoffs recently in the tech fields....could be the calm before the storm!
The tech layoffs need context too. They simply overhired during the pandemic. Like sure Microsoft is laying off 10k. But they had hired 30k new positions in 2020-2021. And those 10k will have no problem finding another job by the time their severance runs out.
Sounds like you might be the problem. That isn't the typical experience.
Employers refuse to accommodate my disabilities. I didn't give myself the health problems so it's not my fault. It's not curable so it's not going to improve. So, I will never be employed. Acceptance of reality is a good thing, but it still means that those who told me that I could get a job and blamed me for being a bum and falsely accused me of refusing to get a job are unrepentant liars.
The tech layoffs need context too. They simply overhired during the pandemic. Like sure Microsoft is laying off 10k. But they had hired 30k new positions in 2020-2021. And those 10k will have no problem finding another job by the time their severance runs out.
This is true in "some" but not all cases. There will be more employment pain coming in the tech sector (for many reasons).
The tech layoffs need context too. They simply overhired during the pandemic. Like sure Microsoft is laying off 10k. But they had hired 30k new positions in 2020-2021. And those 10k will have no problem finding another job by the time their severance runs out.
AND ---- tech people will leave company a and go to company b.
I will say -- the compensation may not be as crazy as it was two years ago....but it's still pretty good.
This is true in "some" but not all cases. There will be more employment pain coming in the tech sector (for many reasons).
For what reasons?
WE all agree that we are working more and more towards automation/computers in all areas -- retail, manufacturing, even hospitality.......so what will cause there to be a shortage of jobs.
Welcome to the Baby Bust, and to the Baby Boom’s retirement.
In 2026, high school graduating classes will start shrinking, which means the potential labor force will really start shrinking. And they will shrink every year.
The results: perennial low unemployment, perennial labor shortages, and a stagnating economy.
Shrinking labor pool every year, nationwide. Just as Boomers need more help - home repair, personal care, auto repair; you name it. The typical retiree loses the ability to be self sufficient very slowly. Suddenly you find yourself unable to operate a chain saw, then you can't change your own oil, then yard work becomes impossible, then you can't climb a ladder to change a light bulb. People generally think of elder care when they think of retirees needing help, but that's only in their last stages of life.
Welcome to the Baby Bust, and to the Baby Boom’s retirement.
In 2026, high school graduating classes will start shrinking, which means the potential labor force will really start shrinking. And they will shrink every year.
The results: perennial low unemployment, perennial labor shortages, and a stagnating economy.
Shrinking labor pool every year, nationwide. Just as Boomers need more help - .
It's pretty clear that less children are being produced in the US yet the need for labor hasn't ceased. Immigration will provide a stopgap solution. When we take in legal or illegal immigrants in many cases we are taking in a 'product' that another nation went through expense/pains to raise. In many cases we benefit from an almost 'finished product' that somebody else did the work on. There should be a more orderly way to go about immigration, nonetheless it is a very good deal for the country overall. Once the countries south of the border start to suffer from population declines due to their own low birthrates, they won't be able to subsidizing our workforce like they have done now and in the past.
It's pretty clear that less children are being produced in the US yet the need for labor hasn't ceased. Immigration will provide a stopgap solution. When we take in legal or illegal immigrants in many cases we are taking in a 'product' that another nation went through expense/pains to raise. In many cases we benefit from an almost 'finished product' that somebody else did the work on. There should be a more orderly way to go about immigration, nonetheless it is a very good deal for the country overall. Once the countries south of the border start to suffer from population declines due to their own low birthrates, they won't be able to subsidizing our workforce like they have done now and in the past.
We never benefit from immigration. If we needed more workers, we would have produced them ourselves. And immigrants never subsidize anyone. The whole point of immigration is that the immigrant goes to to a country that subsidizes him -- a country with more capital per capita so that the immigrant's labor is more valuable. The immigrant consumes capital that was created by and belongs to the natives. That always makes the natives worse off.
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