/biz/ - Business & Finance

>be incompetent at your job
>"why does no one want to work (for us)"
I don't know man maybe get after those candidates instead of making them do the wagie dance for your mcjob. You know how it was before society developed this perverse mindset that jobseekers should grovel for their slavery.

>>53719865
We have had a 40% inflarion in the cost of living. Your wages are too low.

>>53719865
There are no people. Not literally, of course; there ARE people, but there's not enough people of working age who are not severely mentally ill, and the number of them is only getting smaller.

>>53719865
what industry? anyways, i'm guessing linkedin SEO is fucking with your response rate. many such cases.

>>53719952
The company is Analog Devices

>>53719931
That’s simply untrue. Source your baseless claim.

It’s because people are retarded. As a just generally competent employee I effortlessly mog 99% of the competition

>>53720001
Housing has gone up more, though I don't know what the "correct" weight of that in a basket like "cost of living" is. Food went up by roughly 50%.

I'm done with working for companies. Done with your gay interviews, done jumping through hoops, done doing 'trial work' that you faggots will probably just steal ideas from, done with useless HR/recruiters and justifying their useless do-nothing jobs... either hire me/make me an offer based on the quality of my work (I'm a designer and have a portfolio, so no excuses) or fuck off. Going to start my own business. Eat my shit.

>>53720001
that is absolutely true in many markets.

>>53719865
You are either trolling, your job requirements are insane, the wages are simply too low (and don't give me the "but they are competitive within the industry" BS), or it's a combination of all the aforementioned. 99% of the time you can't find a wagie, it's the fault of some retard running the HR department who thought he was clever because he fired two people (or had two people retire) and then tried to hire a single person with both skillsets to fill the hole for about the same pay as a single employee.

>>53720001
I won’t prove anything to normalfag niggers. Erode your net worth I don’t care.

>>53720087
>HR department
>he

>>53720164
Anyone who speaks like an ape really isn’t worth my time anyways.

>>53720239
Gay black man.

>>53719865
Dunno. Used to have 1 to 2 messages from recruiters a day. Now it's only some Jeet once a week. Happy at my job but the mass recruiter layoffs must be real. Trying to get a couple of hires for my team in some east EU country. Dunno why that's taking so long.

>>53719865
Fuck you faggots. I went to two of your interviews, am more than qualified and aced them both but you still want to get feedback from the board before proceeding. Because I'm too expensive, kek. Good luck finding someone with my qualities that still wants to work 40 hours and will not jump train for the bigger paycut the moment it comes.

>>53720075
Based

>>53719865
>Analog Devices

OP, your careers webpage has a button labeled "My Anal OG."

TELL ME MORE ABOUT THAT!

>>53720257
Without respect to that post: the labor market will not get any looser in the foreseeable future; in fact, it will get considerably more tight.
Let's take a quick look at the demographic situation (you can look up demographic data on any country easily): Europe is demographically exhausted, as are Russia, Japan, and China. There are simply not enough working-age people to fill all the jobs, for any price. Mexico, Brazil, Argentina, and the like have this exhaustion in the 20-40 age bracket, and while it hasn't worked its way through the 40-60 age bracket, the people who are 40-60 now are not going to learn new skills there, and the prevalence of IT or management skills is much lower than in the US/EU. The only country that has any surplus labor supply left is India. The US is demographically steady, but only barely, and the situation can deteriorate easily.
The demographic factor outweighs all others: if the are no people, you can't get people, the end.
But let's look at labor force participation as well: COVID and the measures it brought about have demoralized many; I'd actually dare say they broke them. Extended isolation and loss of autonomy are classic drivers of negative outcomes. Many of the demoralized who still work either put in sub-minimal effort, or are just biding their time with no intent of staying employed long-term. Beyond tightening the labor market, this also implies a decrease, and, as far as I know, a hitherto unquantified decrease, in productivity.
Staying with labor force participation but moving onto spending power: financial assets and especially housing have become out of reach to all but those in the very highest wage brackets. Men especially give up if they see that their goals cannot be met through their efforts, and their general goal is to start a family. Since they cannot even afford housing, they will increasingly not participate in the labor market, or participate only to the degree required for sustenance.

>>53719987

Can you tell us more about the job/salary/duties/location? I’m an electrician and well employed currently but maybe we can help point out why you aren’t having any takers.

The issue with housing is interesting because it exhibits a bifurcation of money. It is the same underlying money, but it's bifurcated in the following way:
Let us say that a job that can reasonably be attained pays anywhere from $20K to $80K in a less expensive area, and let's say that the average house there is $800K, which gives us a price of x10 yearly gross income per house at the upper end of our salary range.
In a pricey area, you might earn anywhere from $30K to $250K, but housing will be correspondingly more expensive, thus the ratio (housing/income) won't be any more favorable there. It might actually be worse - say, 15, so 15 times someone's annual income. So what do the people in the pricey areas do? They move to the low-cost areas and buy houses there, but in the process, they drive up the price of housing there. This doesn't help the labor situation at all, since the pricey area has lost workers from emigration and the people who made $20-80K in the cheaper areas can't compete with the immigrants from, say, California.
Thus, to circle back: nobody can afford housing off of wages.
So if you can't afford housing one way or another, then what good is a higher wage at all? Sure, you can buy more consumer goods: you can buy 5 laptops instead of 1, but you don't need 5 laptops. You want 1 house, and you can afford 0 houses, whether you earn $20K or $80K. Actually, let's call the 20-80K "wage money". You'd need an order of magnitude more than that for housing: let's call this "house money".
People don't want wage money, they want housing money. It's the same underlying money, of course, but the difference in the amounts make it behave as if it were two different currencies. And you can't exchange wage money for housing money, since you can't save it due to inflation and the continuous rise is housing prices. Housing money also isn't fractional, so you can't have 0.5 housing money, only 1.

Because you're only ever paying people wage money (let's call it W$ for short, and housing money H$), of which they don't actually want more, because they don't want to buy 200 pairs of sneakers and 5 laptops and 15 TV screens, above a relatively low price-point, an increase in W$ doesn't matter - it doesn't increase the supply of labor. A 20% increase in W$ doesn't get you anything, much less a 5% or 1.5% increase.
Add to that that, in purchasing power terms, even the W$-amounts are going down, since the increase of cost of food, energy, cars, electronics, etc. is outpacing the increase of the nominal W$-amounts paid in wages.
You can very picturesquely describe this scenario with coins: imagine that there's 2 coins in a market: wood and gold. You can't exchange wood for gold, though you can exchange gold for wood (should you want to). You can buy only certain things with the wood coins and certain other things with the gold coins. You are offering 10 wood coins for a day's work, but there is a huge demand for gold coins. Everyone whom you ask wants to be paid in gold coins, but instead, you offer 15 wood coins. Naturally, nobody takes the offer.
Worse yet: the local woodcarver who makes the wood coins has started making a lot of them (this isn't a direct analogy to the increase in M2), so now everything that the laborers can buy with them now costs twice as much wood coins too. You can clearly see why nobody wants to work for your market stall.

The situation is actually worse: if there were just two currencies, you could at least exchange them, but because they are the same currency and the differentiation comes from the amounts, you can't - there's no market to exchange $80K for $500K.

>>53720689
Feeling this deeply, daily

>>53719865
>when every company thinks they have the best compensation/work environment for top talent in any field
it's funny the companies get their heads so far up their asses that they don't get it

The boomers, in their infinite wisdom, through their ceaseless pumping of housing prices, have created a novel and, by market-forces, totally intractable problem that means that you, in effect, cannot pay your workers at all.
You literally are unable to pay your workers.
You just think you do, because you're giving them something and it's called "money", but the money is just a representation of value. You can't pay them value. And then the next question is why anyone would work for you if you can't pay him, but I think that one's fairly easy to answer again. If you reason this out, it's truly amazing what a problem they managed to create. It's like creating an entirely new category of disease somehow.

There's a solution to everything, of course, but since there can't be a market-solution, which means that the economy has, in this area, flat-out failed, we go back one level down to physicality. In the past, this meant expropriation, violence, revolution, alcoholism. It can, in the milder case, mean waiting for the current holders of houses to die.

>>53720856
Yeah, that's because your feeling is totally correct.

>>53720919
>waiting for home owners to die
Plenty of them are reverse mortgaging to pay medical expenses or just to vacation.
It wouldn’t solve the issue anyways as more people hop the borders (at this point they are nonexistent since no enforcement and all the aid the illegals get).
It’s going to get worse and that is how it can get better.

>>53720919
Even if you're waiting for the current owners of houses to die, it doesnt mean that the houses arent encumbered with eye-watering debt, meaning that purchasing for pennies on the dollar is a pip dream. Most of the boomers I know are in debt (including house debt) up to their eyeballs.

>>53719865
Yet I can't get a job
Fuck you

>>53720856
To expand that a bit: your feeling is totally correct, but there's an army of shills - the Dave Ramseys of the world telling you eat rice and beans while working 3 jobs - whose full-time job it is to convince people to not listen to the accurate assessment of their problems. It's not a solution to anything, if you don't have solutions to a failure, the distant second-best thing you can do is try to bullshit people into ignoring the problem.
You know, if a truck is barreling towards you, the best thing you can do is get out the way. The second-best thing is to close your eyes. That one doesn't stop the truck, but at least you might feel a tiny bit less anxious.

>>53720995
>>53720989
Well, you know how it works: if you have 5 possible solutions and one of them turns out not to be feasible, you have 4 possible solutions.

>>53721019
You're very based anon

>>53721068
Right back at you, fren.

>>53720075
Lol, still a wagie. “Working for myself” is a cope and you know it. Fake autism, stomp your feet and demand neetbux. Including medical benefits, section 8, etc. I clear a solid $45k of bux a year for jerking off and playing vidya

>>53720075
Exception level of truth. Companies are using interviews as pro bono consulting. Creating presentations based on their strategically contrived business problem. Next time they are getting an invoice.

>>53721041
You hit it on the head with the other posts.
As for solutions, people will be open to more dramatic changes as time goes on. The govt is speeding things up all on its own with shit like Buttfucker talking about racism in construction of all things after a toxic cloud was released poisoning the air and water downwind and downstream (of course the feds also said it wasn’t a danger). All of that could have been prevented by the railroad companies together being dicks by cutting maintenance and overworking those they didn’t fire or didn’t quit due to how they were overworked. And of course the govt ended the strike using powers they should have never gotten. “Precision Scheduled Railroading” was a disaster waiting to happen and many more will and that doesn’t include any malicious actors, foreign or domestic, who decide to engage in shenanigans. This is just one facet in the endless sea of rising shit.
It’s a parody of what a country should be.

>>53721321
That's a really interesting explanation and it does make a lot of sense. The way I read it is
>All of that could have been prevented by the railroad companies together being dicks by cutting maintenance and overworking those they didn’t fire or didn’t quit due to how they were overworked.
Cutting corners
>And of course the govt ended the strike using powers they should have never gotten.
Just paper over problems (with violence)
>“Precision Scheduled Railroading” was a disaster waiting
Remove tolerance for error
It does make sense that more and more things are derailing (literally and figuratively).

>>53720689
This is one of the most coherent, intelligent things I've seen on this board. Bravo. Now I know why I still come to this shithole

>>53720818
>>53720689
I think that bifurcation is one between assets and the consumer economy. There ARE several layers to the monetary economy, a lot of people assume (or rather, don't think about, but even a lot of those who do to some degree still often assume) that the monetary economy today is starkly different from the one in the past, and particularly in the sense that there used to be multiple monetary mediums. Primarily, silver and gold, but also petty change made in base metals. The bimetallic systems often had a money that was hoarded and a money used in circulation, usually gold coinage was hoarded while the silver and base metal coins were used for daily exchange. Gold was still exchanged, but it was at a higher level of the economy. Gold tended to exchange hands among businesses, rich people and states.

I'd say we still have the same kind of monetary economy but it has been suppressed and hidden in some ways. It isn't just housing, it's also basic shit like treasuries. People don't trade in treasuries, but US treasuries are the gold standard of the corporate world and between states. They're the good money. Housing became monetized too, but not nearly as liquid as treasuries of course. The strange thing is that housing is an asset-commodity, and these two things don't really mix well. It's meant to be consumed and hoarded, the two uses come into conflict.

>>53722153
>The strange thing is that housing is an asset-commodity, and these two things don't really mix well. It's meant to be consumed and hoarded, the two uses come into conflict.
Yeah, that's also a huge issue, you're right. It's not just boomers who used zoning laws and whatnot, it's also BlackStone and friends that came in and used housing as a financial asset. So now you also have two classes of demand: wage-earners who just want a house to live in, and asset managers who have a trillion dollars to spend because they need yield. I didn't even think of that.

>>53720689
Can you tell us more? Where can I read more of a perspective like yours?

>>53722874
seconded