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Drudge Retort: The Other Side of the News
Saturday, May 08, 2021

[T]he world learned Friday that just 266,000 jobs were added [in April], a massive disappointment that raises questions about whether the recovery is on track. [A]nother way to look at this is there is a great reassessment going on in the U.S. economy. It's happening on a lot of different levels. At the most basic level, people are still hesitant to return to work until they are fully vaccinated and their children are back in school and day care full time.

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[A]ll the job gains in April went to men. The number of women employed or looking for work fell by 64,000, a reminder that child-care issues are still in play.

There is also growing evidence -- both anecdotal and in surveys -- that a lot of people want to do something different with their lives than they did before the pandemic. The coronavirus outbreak has had a dramatic psychological effect on workers, and people are reassessing what they want to do and how they want to work, whether in an office, at home or some hybrid combination.

A Pew Research Center survey this year found that 66 percent of the unemployed had "seriously considered" changing their field of work, a far greater percentage than during the Great Recession. People who used to work in restaurants or travel are finding higher-paying jobs in warehouses or real estate, for example. Or they want to a job that is more stable and less likely to be exposed to the coronavirus --or any other deadly virus down the road. Consider that grocery stores shed over 49,000 workers in April and nursing care facilities lost nearly 20,000.

Economists describe this phenomenon as reallocation friction, the idea that the types of jobs in the economy are changing and workers are taking awhile to figure out what new jobs they want " or what skills they need for different roles.

This is where what goes for conservatism today makes itself virtually useless. Conservatives by definition are loathe to rapid changes, preferring to cling to a status quo that no longer may be operative.

Whether or not many realize it yet, this issue - the evolution of jobs and our economy - will most certainly be front and center not only next year, but also in 2024. Some of the very dynamics that Biden's economic policies are meant to correct are the very issues manifesting themselves today, the foremost being the nexus of child rearing and care dominating household decisions on when and where many will return to the workforce. And this is especially true for women who've had to leave jobs to take care of children during the pandemic. Just because the economy is heating up doesn't make their choices any easier when balanced between lower-paying jobs and the high cost of childcare - particularly when all the schools aren't open yet.

One party sees, recognizes, and has plans to implement which will help facilitate American workers making post-pandemic transitions in their lives while the other party only sees these situations as another opportunity to demonize and punish workers, labeling them as ingrates getting fat on government largess.

Party of family values my arse.

#1 | Posted by tonyroma at 2021-05-08 09:18 AM | Reply | Newsworthy 5

... Hiring was much weaker than expected in April. ...

There are two sides to a job report - supply of workers, and demand for the workers, i.e., jobs available.

Was there a lingering shortage of workers because of the pandemic?

Or weren't there enough appropriate jobs available?

At this point, I'm tending to agree with Wall Street in that you cannot make long term decisions and forecasts based upon one data point, a data point that will have corrections applied next month.

Is there a trend? maybe, but it is way too soon to tell.

#2 | Posted by LampLighter at 2021-05-08 11:16 AM | Reply

Maybe CEOs shouldn't be making a thousand times or even 6,000 times the salary of his slave wage workers.

CEO compensation has grown 940% since 1978.

Maybe this the break people needed to finally realizing it's time for worker compensation to rise accordingly.

#3 | Posted by donnerboy at 2021-05-08 11:29 AM | Reply

A Pew Research Center survey this year found that 66 percent of the unemployed had "seriously considered" changing their field of work, a far greater percentage than during the Great Recession. People who used to work in restaurants or travel are finding higher-paying jobs in warehouses or real estate, for example.

This doesn't surprise me.

I'm on a FB page for restaurant industry workers and there's quite a few people on there who lost their jobs or quit during COVID and won't go back. They're figuring out what they want to do but refuse to get another job for slave wages that depend on the generosity of others to pay the bills (with rude, abusive behavior and low or no tip on the rise).

It's also revealing a lot of local owner's true personality in regard to their workers. They've used their workers as political fodder to push for reopening but have implemented some horrible policies to save their own pay checks.

#4 | Posted by jpw at 2021-05-08 11:33 AM | Reply

@#3 ... Maybe this the break people needed to finally realizing it's time for worker compensation to rise accordingly. ...

I've heard that aspect mentioned often in the commentary of the past couple of months about employment coming out of the pandemic.

The Trump tax cut really put a spotlight on it, that the increased profits of a company rarely trickle down to the workers of the company.

#5 | Posted by LampLighter at 2021-05-08 12:33 PM | Reply

It would not surprise me if a lot of moms decided that selling their time for a little more than child care costs wasn't worth it, after getting used to spending less money and more time with their kids.

#6 | Posted by bored at 2021-05-08 01:00 PM | Reply

"Since 1975, practically all the gains in household income have gone to the top 20% of households."

Some people just can't connect the dots.

#7 | Posted by snoofy at 2021-05-08 01:08 PM | Reply | Newsworthy 3

@#6

Bingo.

If companies want employees, they should provide the proper enticements and rewards for people to return to working for them, and stop criticizing those very people they hope to hire.

#8 | Posted by LampLighter at 2021-05-08 01:09 PM | Reply

The federal minimum wage has been $7.25 since 2009.

For tipped workers, it's been $2.13 for 30 years.

The problem is NOT expanded unemployment assistance.

twitter.com

#9 | Posted by Gal_Tuesday at 2021-05-08 01:19 PM | Reply

Our basic janitor rate is $27.60/hour otherwise no one would do it.

#10 | Posted by REDIAL at 2021-05-08 01:26 PM | Reply

@#9

Point of comparison...

In a prior life I used to go to The Netherlands on business. Tipping it not done there.

When you get the credit card receipt to sign, there is no line on it for a tip.

I noticed the whole restaurant experience was quite different there.

#11 | Posted by LampLighter at 2021-05-08 01:29 PM | Reply

Getting 2.13 an hour to deal with anti-maskers, LOL.

#12 | Posted by bored at 2021-05-08 01:31 PM | Reply | Newsworthy 1

"selling their time for a little more than child care costs wasn't worth it,"

Child care costs about $2,000 to $3,000 a month.
Federal minimum wage pays $1,250 a month. Highest state minimum wage (CA) pays $2,425 a month.

Some people just can't connect the dots.

#13 | Posted by snoofy at 2021-05-08 01:56 PM | Reply

"Getting 2.13 an hour to deal with anti-maskers, LOL."

Getting $2.13 an hour... because you're "Essential."
Our economy is an affront to common sense.

Our economy devalues labor.
Capitalism robs Peter's labor, and redistributes the wealth Paul's capital.

Some people just can't connect the dots.

#14 | Posted by snoofy at 2021-05-08 01:59 PM | Reply

It would not surprise me if a lot of moms decided that selling their time for a little more than child care costs wasn't worth it, after getting used to spending less money and more time with their kids.

#6 | POSTED BY BORED AT 2021-05-08 01:00 PM | FLAG: Excellent choice and the children are more important [it's for the children] than household income. Let them stay on the dole and properly rear their children - furthermore, home school to avoid libbie indoctrination : )

#15 | Posted by MSgt at 2021-05-08 06:08 PM | Reply | Funny: 2

home school to avoid libbie indoctrination : )

#15 | Posted by MSgt

You mean to avoid exposing them to facts. Wouldnt want them to grow up believing in evolution or climate change. Then who'd vote for your ignorant death cult anymore?

#16 | Posted by SpeakSoftly at 2021-05-08 06:20 PM | Reply | Newsworthy 2

You forgot doing it all while on the dole. Using the welfare system to raise kids to slaughter the goose that laid them in a golden egg. :)

#17 | Posted by snoofy at 2021-05-08 06:47 PM | Reply

Advocates for home schooling
Preaches of the dangers to children of closed schools

That's today's GOPer for ya

#18 | Posted by ChiefTutMoses at 2021-05-08 07:13 PM | Reply

#14

Snoofy I don't disagree but, and we have had the discussion before, where is the money going to come from to pay workers more. I'm not talking your Walmart and Amazons I'm talking mom and pop shops. I pointed out before my wife works at a place where she is making as manager of one store about as much as the owner who owns three stores. Only 2 of the three are profitable and if he increased pay one of those three would stop being profitable. As it is he offers value add services that bring people in rather than going to cheaper online or big box stores but how much more can he charge? At some price point even customers who value shopping local and the value add services won't pay the premium.

He is now up to offering 11-13 an hour for new hires with no experience and still isn't getting people.

I don't have the answer but the problem is more complex than just pay people more. Some business can't and most of those are the small local companies. Starting a business used to be the path forward to many people, but these days with the costs involved and the profit margins for most small business owners it's just a path to bankruptcy.

#19 | Posted by TaoWarrior at 2021-05-09 08:39 AM | Reply

"He is now up to offering 11-13 an hour for new hires with no experience and still isn't getting people."

"Only 2 of the three are profitable"

Sounds like his business model is a failure. Or perhaps, it's failing because he's emotionally attached to losing money and keeping people he can't afford on payroll, and his sentimentality will bring his entire enterprise down.

That's how Capitalism is supposed to work. It's not a happy place. It's a crucible. Businesses are supposed to fail. They get shielded from personal liability specifically to take on that risk. After all, it's only money.

"Starting a business used to be the path forward to many people, but these days with the costs involved and the profit margins for most small business owners it's just a path to bankruptcy."

75 million Americans just voted for the man with numerous bankruptcies to be President.

Why isn't your wife looking for a better job? Why aren't you?

#20 | Posted by snoofy at 2021-05-09 09:11 AM | Reply | Newsworthy 1

#20

She makes the median household income in the state herself, I make more than the median household income myself so we are over double the median household income, what better job are you proposing?

I've actually looked at doing my part time gig full time and being my own boss. I probably will soon I just need a couple more years to build my customer base up. Right now I've reached a level where I can't really make anymore at my part time gig because I'm already working as much as I can I'm raising my prices next season and if I stay as busy at the higher price that will be a big sign to go full time. The next thing I'm looking for is the point where I lose business because I can't get to people. This past winter I lost a few but most people were willing to wait the only reason I'm not taking that as time to go full time is it was a weird year with people stuck at home and getting stimulus money so doing more home repairs. If this year is as busy it might be time.

She manages one of the two profitable stores and has made it way more profitable since she took over, that's a big reason he keeps throwing more money at her. When she took over the store was just meh, now it is one of the top 10 in the nation. He started having her train other store managers hoping she can teach them to duplicate her success, so I don't think he likes losing money. The store that is losing money is on a long term lease so he can't close it for a couple more years, he's hoping she can train them to make it profitable or at least even until the lease is up. For the most part he is not keeping people on his payroll he doesn't need but he does need better people he just can't get them.

#21 | Posted by TaoWarrior at 2021-05-09 10:04 AM | Reply

#21...is it vacuum cleaners or cleaning products? Rainbow or Amway?

#22 | Posted by john47 at 2021-05-09 01:50 PM | Reply

"She manages one of the two profitable stores and has made it way more profitable since she took over"

Then she should be managing the other stores.

Her boss sounds bad at business.

#23 | Posted by snoofy at 2021-05-09 02:07 PM | Reply

#23

It's not possible to effectively manage 3 stores hence the reason he is trying to get her to train the other managers. He actually wants to make her the "regional" manager but she doesn't really want to so he's kind of backhanded doing it by having her train everyone and also getting her to do the buying. I told her at this point we might as well buy the company from him since she is doing the work of the owner unfortunately that would take a bit more capital than we possess.

#22

Gas fireplace service but thanks for playing.

#24 | Posted by TaoWarrior at 2021-05-09 02:20 PM | Reply

Tao, it sounds like she should be running the business, while the owner finds a better hobby than driving his business into the ground.

#25 | Posted by snoofy at 2021-05-09 03:33 PM | Reply

Tao I'm curious about your business, how do you find customers, what is your marketing approach?

#26 | Posted by snoofy at 2021-05-09 03:35 PM | Reply

How many businesses have you run, snoofy?

#27 | Posted by jpw at 2021-05-09 05:12 PM | Reply

None, why do you ask?

#28 | Posted by snoofy at 2021-05-09 05:19 PM | Reply

You seem quick to ---- on somebody else's business while having no success of your own.

#29 | Posted by jpw at 2021-05-09 05:28 PM | Reply

Tor said "It's not possible to effectively manage 3 stores"

If that's the case, the owner is -------- on their own business, by having more stores than they can manage.

#30 | Posted by snoofy at 2021-05-09 05:39 PM | Reply

"He actually wants to make her the "regional" manager but she doesn't really want to"

Then the owner needs to find someone who wants to.

These opinions are troubling for you, JPW?

#31 | Posted by snoofy at 2021-05-09 05:41 PM | Reply

Snoofy I find work through word of mouth. Nextdoor, neighborhood blogs and Facebook groups and of course friends of people I service. I don't advertise or post myself heck I don't even ask people for referrals it just happens. When you are one of maybe 10 people/companies serving an area with a population of about 2 million and one of the only ones who services any make or model the customers find you.

#32 | Posted by TaoWarrior at 2021-05-09 09:15 PM | Reply

How about assistant to the regional manager? Or is that the regional manager's assistant?

#33 | Posted by LegallyYourDead at 2021-05-09 09:26 PM | Reply

Tor that's awesome. There's no better recommendation than (positive) word of mouth.

#34 | Posted by snoofy at 2021-05-09 09:34 PM | Reply

Tor said "It's not possible to effectively manage 3 stores"
If that's the case, the owner is -------- on their own business, by having more stores than they can manage.

#30 | POSTED BY SNOOFY

That's why you hire people.

You're a back seat driver who's never driven.

#35 | Posted by jpw at 2021-05-09 10:54 PM | Reply

"That's why you hire people."

It sure is!

#36 | Posted by snoofy at 2021-05-09 11:44 PM | Reply

#'s 35 & 36

He is trying to hire people as are all the individual store managers. If someone is willing to listen learn and work hard they could do just like my wife. She started just under 5 years ago part time 9 an hour within 3 years she was making 40k a year this year will be 60+. She tells people this in the interview and has had one person since corona who she is hopeful for. In fact he just got a 1.50 raise just because. It's not time for his review yet but with wage inflation right now and the trouble finding people she wanted to make sure he knew he was valued and would stick around. Because it wasn't a regularly scheduled raise she had to get the owners approval. He gave it without blinking.

#34

Thanks. It's the best way to build a customer base. It's much more stable than advertising and thanks to the internet being forever if someone searches those sites/apps the will see all the recommendations by multiple people so I get a continuous stream. Heck it's 85 degrees and I did 2 jobs Saturday and have one on for the 29th. Pretty solid for a cold weather business in May. The seasonal nature is one of the big stumbling blocks with going on your own so getting some summer work is a great sign.

#37 | Posted by TaoWarrior at 2021-05-10 12:35 AM | Reply

Seasonal nature indeed. You gotta get 'em with the "make sure your fireplace is working before you need it!"

It seems like the real challenge for the wife's business is attracting quality candidates. Then again, this is the real challenge for any business. Fewer and fewer $9/hr part timers are going to be management material. It seems like he was at least as lucky as smart, to hire your wife.

#38 | Posted by snoofy at 2021-05-10 02:22 AM | Reply

TAO

Would outdoor fire pits be something that could bring you biz in warmer months?

#39 | Posted by AMERICANUNITY at 2021-05-10 05:36 AM | Reply

Building them ...

#40 | Posted by AMERICANUNITY at 2021-05-10 05:37 AM | Reply

AU,

Kind of. The problem is there isn't much profit in them for the amount of labor they take. Additionally serving them is a bear and usually even less money per hour worked. Since I warranty anything I install either my price would have to be stupid high to cover possible service or I would likely only break even.

I've been asked about them before and I usually tell people you are better off buying a cheap one from Lowe's you can get like 10 for the cost of 1 custom built one.

The bulk of my summer work comes from real estate agents and remodeling. In fact one of the 2 Saturday was a remodel.

#41 | Posted by TaoWarrior at 2021-05-10 09:26 AM | Reply

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