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US Government Shocked To Find Job Openings Continue To Surge Above Actual Hires
Something odd is happening in the US labor market.
As the BLS reports in its latest JOLTS report, "the number of hires has exceeded the number of job openings for most of the JOLTS history" which should make intuitive sense for any normal, "growing" economy, where the labor market works as expected. However, as JOLTs also adds, "over the past year, this relationship has changed as job openings have outnumbered hires for several months."
This is how this shocking inverted relationship looks like:
What is really happening is that hires have plateaued and at 5.049MM in September, were the lowest since April! The last time we have seen such a dramatic peak in hiring was in 2005-2006, just before the economy and the market crashed.
Is the labor market rolling over?
The JOLTs economists at the BLS are very confused, as the following shows:
Hires exceeded job openings for over thirteen years, between December 2000 and July 2014. Job openings exceeded hires for the first time in August 2014, although hires then outnumbered job openings for the next five months. Since February 2015, however, this new relationship has persisted with job openings exceeding hires for eight consecutive months
At the end of the most recent recession in June 2009, there were 1.3 million more hires throughout the month than there were job openings on the last business day of the month.
In September 2015, there were 477,000 fewer hires throughout the month than there were job openings on the last business day of the month.
So what is going on here? Simple: a broken labor market, in which as a result of 94 million people out of the labor force, most of whom have been out of a job for years and have lost their "hirability", US businesses are unable to grow and fill open slots, as a result hiring is sliding. And, since hiring is so low, the other end of the job pipeline, separations, are also painfully low.
Which means that workers have little ability to negotiate wage hikes using the threat of quitting and finding a better paid job elsewhere, due to precisely this dislocation in the labor market.
Worst of all, with every passing month this dislocation is getting worse and continues to press down on wages: which is precisely the conundrum the Fed has been unable to solve and is the reason why the missing piece in the US economic puzzle "wage growth", refuses to appear.
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Its called Human Resources. Companies looking for people that would like to be treated as a resource and sweating their own layoffs trying to stay busy and look like they are doing something.
Correct - trying to get a job today is like dating.
I just need work, man. I ain't trying to marry ya.
Lets see what could be wrong?
1. Seasonal adjustment to unicorn skews the data.
2. Bartending and Waiter school not producing enough graduates.
3. Underwater basket weaving and womens studies/social justice/ art for commies producing too many graduates.
4. Job openings are converted to full time equvilent from actual part time openings.
Nothing published by the BLS is based on any decernable fact or has any credibility.
who would have thought that your 50k in debt getting a womyns study or african bullshit wouldn't prepare you for the real world?
The jobs available are so shitty and the pay so low that anyone with any sense stays on government assistance, which is exactly what they are doing... No secrets here...
Ding ding! We have a winner!
People are refusing shitty jobs because they don't pay enough to make the time spent worth while meaning that they neither pay enough to survive and don't provide for a future career path.
This is what happens when living off subsistence pays more than an entry level job.
In some cases these jobs would a net loss, if commuting costs, taxes, etc are factored in. A friend of mine took a "break even" job, where he not making any money, but had been out of work for an extended period which was putting him on the "don't hire list" do to long term unemployment. He took this job so he is technically employeed but is actively looking for a real job. However, its been almost an year and he hasn't been able to find a real job that pays, just lots of other "break even" or net loss jobs.
Exactly, my wife and I both work while supporting two kids. We barely make enough to make ends meet and we make what is considered descent money. Cost of living is insane coupled with day care costs and student loan payments.
It would be far easier living on section 8 housing and food stamps but we could never bring ourselves to live in the ghetto.
Do the math. Do the math for the wife working with two kids is about $40K She goes to work and you aren't 1 cent better. She makes $40k and you have a little more but a shittier life.
Plus the BLS jobs numbers are totally fictitious? DOuble seasonal adjustments and the Birth-Death model can be, and are being, (Mis)used for political purposes. Welcome to Big Government.
yea. That is funny you mentioned that. When my wife worked we were never ahead! So I sat down and figured, the extra car, child care, clothes, SS tax, Federa tax, state tax, medicare tax, lunches and more fast food....she was contributing $1.00 per hour. I got a part time job at another hospital one weekend a month, and made more that she made in a month!
Not even the crap jobs. I just went through an entire hiring process for what seemed like a great job, and then at the end they offered me $6000 less than my current annual salary. I said I could not move positions and justify taking a $6000 hit and the room went silent with people looking at me like I just farted.
Yup. Lots of well paying jobs out there, but no qualified candidates with a good attitude out there to fill them.
the self employed "consultants" have something to do with this--professionals get laid off as employees but are offerred a gig where there are no benefits, they pay their own payroll taxes and can be told you are needed the next week or two.
Or they go to a firm like IBM or Infosys and between gigs have a week or three off.
Of the companies just go to IBM or infosys which have a pool of tech folks in India earning half of what the US "consultant" earns. The manager of the gig , also a "consultant" here works at night to communicate with the folks in Indiua and works during the day to communicate the company here.
As the Federal Reserve discusses and prepares the nation (and markets) for a potential December interest rate hike, seems appropriate to compare the "success" of the latest interest rate cycle with previous cycles.
The worst net full time jobs creation on record...something doesn't quite add up
http://econimica.blogspot.com/2015/11/can-you-spot-interest-rate-cycle-thats.html
good link, thanks
"the self employed "consultants" have something to do with this--professionals get laid off as employees but are offerred a gig where there are no benefits, they pay their own payroll taxes and can be told you are needed the next week or two."
Well, its a generally a lot easier for techies to find jobs than non-techies. Lawyer, accountants, sales, finance, manufacturing, etc are all have considerably harder time finding jobs.
FWIW: I am a self-employeed and don't have any trouble finding work. Since I've gotten out of college, I have not had any time off. I went the self-employeed route since I could keep more income, with higher rates, and taking advantage of tax deductions. When you work for a worker, you still pay the full amount of the payroll tax, and benefits. Costs like payroll, benefits are factored in to your compensation. If the company didn't have to pay those costs you would have a higher salary. As a employee you lose access to a lot of deductions. As a self-employeed worker you can also choose the benefits that best suits your needs instead of the HR dept. "one plan fits all" for Health-Insurance. If you set up your own C-Corp. you can deduce your benefits, mileage, meals, phones, internet, tools/equipment, etc. if you do it right its like getting a 5% to 10% tax cut.
That said, I do believe business are changing from a hiring employees to hiring contractors for projects. Business can pick specialists for projects and then let them go when the project is completed without hassles of severance, employment insurance, payroll, etc. Which has its ups and downs, Becoming a Nomadic consultant can offer better and broader job opportunities, as well as more free time (if you choose to work hard for 6 to 8 months and take the rest of time off), but can be hard if you want to raise a family since you may be away from home for long periods. However, since men aren't getting married anymore and no longer raising families, this should not be a probably for most. The issue is that as you get older, you get burnt out. Working long hours takes a toll. Ideally you want live as a minimalist and save at much as you can so that when you get into your 50's you can cut back.
As far as India, US workers have a strong advantage, even with the higher costs. Because the Consulting Companies pay their workers little, turn over rate is extremely high. Most of the India workers switch jobs every 3 to 6 months seeking better wages. The quality coming out of India is poor do to the high turn-over rate and lack of interest in doing the job right. I see lots of companies go with with India contractors, only later bring in US consultants to "fix" the mess created. India will like dominate less technical jobs, such as Call Centers, Document review (for legal), and clerical type jobs (invoicing, procurement, etc), and perhaps low level Tech jobs, like Helpdesks. I think US techie workers will have the least trouble of finding work, compared to other US workers.
That would be "discernible"
The Grammar Police
Achtung!
The spelling police will not be happy with you poaching on their territory.
The last time we have seen such a dramatic peak in hiring was in 2005-2006, just before the economy and the market crashed.
I have been waiting for the next engineered crisis as we get ready to "elect" a new puppet in chief. I'd say we are around 6 months away from the next big crash, stawks, housing...
I'm renting, have no debt, and will keep driving my 10 year old shitbox until the next smash down.
Alex I will take #3 for $200k....what is a worthless education?
Wasn't entirely worthless. Lots of drinking, partying and with any luck, fucking involved. Money well spent on social bla bla bla studies.
Which means that workers have little ability to negotiate wage hikes using the threat of quitting and finding a better paid job elsewhere, due to precisely this dislocation in the labor market.
The above make absolutely no fuking sense. If employers can't fill job openings, then the people who are still "hireable" should have more leverage....a lot more.
I suspect what is REALLY going on, it sthat employers are inflating the number of open jobs and claiming they can't find people. Or keeping the wages unrealistically low. Then they can turn around and beg Government for moar slaves , er.....H1B candidates, to fill 'em.
Let's face it: under the current system, wages will NEVER be raised.
Wages will never rise... correct. Globalization took care of us -- right in the ass.
There are 7 billion people in the world and 80% live on a few dollars a day. So there will never be enough high value work to go around. As more and more of them get educated and compete for jobs, you can see how wages will be trending down for generations to come.
I saw this coming 30 years ago, even before Ross Perot warned us. So I had no kids, worked my ass off and saved all I could, frugal with no debt.
Bingo. To hire foreign workers you have to show that you advertised the job and had no applicants. So I bet there are a lot of jobs posted that are designed to get no applicants.
Fears the small business owner face (small business being the primary driver of job growth)
Obamacare
Fees of all types, many not even known about until you are "identified" and triple charged.
Insurance costs
Last and most importantly, the fear that the economy is going to grind to a complete halt. (vs. the snail like crawl currently)
You should look to some of those job openings over here :)
You need speak 6 languages, have the experience of a 50 year old, you need at least 1 masters and a supplemental bachelor, a phd is even better
and oh yeah!! "challenging salary" and it's a junior function so no more then 2 years of expierence and you'll need to combine 10 other jobs also so you need to be "flexible"
and you need to be able to have a good sense of humor because the boss will be mocking you 12hours a day. So that also means 9 to 5 is for sissies, the only way 9 to 5 matters is when they have to pay you.
I wonder where they find all those wonderboys!
And a lot of companies now also use job openings as a marketing tool to show they're a solid company and run the same adds for a year without ever seeing anybody.
And as one of the test, they'll see how you react on collegues who yell and are in a constant fight because they're overstressed. That good atmosphere... that was a marketing text also...
"And a lot of companies now also use job openings as a marketing tool to show they're a solid company and run the same adds for a year without ever seeing anybody."
I had wondered about this since I see the same positions posted in perpetuity and have applied for same several times yet never get any kind of response one way or the other. It didn't seem to make any sense unless the positions are simply there to make people believe that they're a great company with lots of opportunities etc.
First Data is an IT chop shop in my town that does this.
"now hiring" ---- the new bumper sticker---
I actually had a guy yell during a phone interview. Why would I leave a decent job to go somewhere that this is condoned.
Sure there are plenty of jobs looking for people to work for 100 hours, but getting paid only for $10/hr capped at 40 hours or less. Lots of sales commission jobs too.
As the saying goes:
If you can't do, teach.
If you can't teach, administer.
If you can't administer, become Human Resouorces.
Fuck those greasy blobs of excrement.
If what you're saying is true then the dreck in HR have finally run out of affirmative action hires, and still refuse to hire anyone who actually is willing, qualified, and able to work.
God in Heavean I hate those people, HR pukes that is.
WANTED: Indian IP worker who will take full time job in San Francisco (80 hours a week, 40 uncompensated) for $14 an hour and live in a dumpster.
You will have 5 days training by the three workers you're replacing.
Wanted: Experienced numerical-control machinist to run $500K milling machine. Requires experience and $30K worth of training (on your dime). Pay, $12/hour, no benefits.
Machine job shops are starting to replace CNC operators with automation. However there is a need for Techies to set up the jobs (ie program the robots, do the cam, design fixures, etc). Automation is making it possible for one to two man job shops, where the owners do it all. I see lots of new one-two shops opening up that are no longer hiring employees as the owners are choosing to do it all themselves.
An automated job shop where the owner is an S corp with no debt, with four dependants, has a half dozen out of state customers and does enough to generate 120K cash flow a year can write off 60K (car, utilities, depreciation scheduals, med, ins, etc) and be in the poverty bracket with only 12 to 16 hrs of work a week----The new job for stem grads.
Been the same for over 15 years, now. Sad.
Sounds really funny as Indian IP workers make twice as much as other folks and no one works overtime rather smartly. Seems like you have been smitten lately ;)
Sounds really funny as Indian IP workers make twice as much as other folks and no one works overtime rather smartly. Seems like you have been smitten lately ;)
Someone has their charts upside down.
Moar immigration will fix this shortage of workers and wage problem. That's what the smart people on teevee tell me.
tech industry gaming of H1B visas
WANTED: Customer service rep. 10 years experience, post-grad degree required in business-related field. Must also be skilled in C++ programming, ERISA law and underwater welding. Salary $28,000, must be willing to relocate to Detroit or Mexico.
If have H1B visa, above qualifications are waived and the job is yours.
underwater welding, hahaha, "must be willing to relocate to Detroit or Mexico" lolol ... omg, tears - ahh, but sadly a good joke doesnt work w/o the cold truth behind it
Reminds me of this piece I saw on CNN a year or two ago. It featured small businesses that were struggling to find workers. Most of them were like.. "I need an accountant with minimum 5 years experience, must be bilingual, pay is $40k. This is a good, high paying job! I can't find anyone qualified. We need more H1Bs!!"
You'd have a hard time finding a college grad for that price, let alone that experience and bilingual.
I suspect what is happening is probably this (and it will get worse across the next decade before getting better): firms are now run by elderly shareholders. These holders just want to collect a return on their investment so that they can pay retirement costs. It has gotten really, really out of balance: notice the % of the workforce working now (people retiring would seem to be a decent part of this). So basically the shareholders could give a damn about comp and they just press down on that (along with technology pressuring margins) so basically you see demands for people with uber skills and only a salary of 40k, etc.
Just my opinion of why this is happening.
HR people are the Gender Studies clowns who get hired by corporate America. They are told to fill the drone ranks.
Any real job with P&L decision making 9 times out of 10 comes through a head hunter, not the idiot HR department.
Nobody should expect a professional to work, in the long run, for less than 1/3rd of the cost of local housing.
The topic deserving comment is the fact that our government lies to us about absolutely everything, and whether that is diagnostic of its replacement being mandatory at the first opportunity or how much it can be delayed.
The propaganda is so dense anyone who isn't paying careful attention can believe they are insane. Price of gold is down, but you can't buy it anywhere? Open jobs at a time of no hiring? Dollar up with all economic indicators down?
https://thinkpatriot.wordpress.com/2015/10/24/lebowski-enlightenment-9/
https://thinkpatriot.wordpress.com/2015/11/11/dynamics-of-national-colla...
People are realizing that for most,
Working hard is no longer a means to get ahead.
well... you do need to work hard to buy that diamond ring to get head.
On March 30, 1952 an interview with Sutton by the journalist Fred Curran was published in The American Weekly magazine which was a Sunday newspaper supplement. Curran noted that the bank thief also stole jewels from residences by pretending to work for a message-delivery service. However, jewels were not easily convertible into cash. In this context, Sutton deployed his famous phrase:
Diamonds have a short shelf life. They only work, along with anything else you want, --- before --- the wedding. Once you say "I Do," that's when she starts saying "No Way."
MOAR H1Bs! MOARRRR!!!! Need to break the spirit of the STEM kids before they grow up and start expecting things... MOAR!
Now that really, really, really hurts.
(former STEM kids trying to find job teaching new STEM kids)
Sorry, I know STEM teachters, too - I just feel like they're fixing the wrong end of the problem (and that's from a techie). Good luck with the search!
All the jobs being created are part-time, low-wage jobs while high-paying, full-time jobs are being eliminated. Welcome to the great US job creation machine:
In fact, a disproportionate number of jobs created during the economic “recovery” pay less than $13 per hour, according to a report issued earlier this year by the National Employment Law Project. While US businesses have on the whole added 1.85 million low-wage jobs over the past six years, they have eliminated 1.83 million medium-wage (paying between $13 and $20 per hour) and high-wage (between $20 and $32) jobs, according to the report.
The report found that low-wage industries accounted for just 22 percent of job losses during the 2008 recession, but 44 percent of jobs gained since 2008. By contrast, mid-wage jobs accounted for 37 percent of job losses and just 26 percent of jobs gained, while high-wage jobs accounted for 41 percent of job losses but only 30 percent of new jobs.
https://www.wsws.org/en/articles/2014/07/04/econ-j04.html
Makes perfect sense. High and mid pay jobs were early retired or simply cut. Threat of job loss means managment will do more for less.
Part time peons are cheap and replaceable and little miss millennial and grandpa boomer are so desperate for a job, they don't care.
The National Employment Law Project? That's an organization with a 1-item agenda: raise the minimum wage to $15. These guys must be comedians, yes? On the one hand they claim that net job creation in the recovery has gone to jobs that pay less than $13 (which would be easy to believe) but on the other hand their solution is to make sure employers are forced to pay at least $2 per hour higher than the going market wage by a government enforced price floor on labor? They should change their name to the National Economics Ignorance League (NEIL). But, on the bright side, it seems like potential members of the league would number in the millions.
There is a certain irony in you quoting the world socialist website about low paying jobs, given it's their policies in many cases that are creating the problem.
This data looks like normal US government data which most often to me looks like magic or Enron accounting standards.
Soon enough no one will be working and we will have 0% unemployment.
lol
Jobs are for people too proud to live in dumpsters.....
Additionally, people have become accustomed to walking to the mail box for their nanny state benefits. All by design.
I would guess that chart would be correct if the job openings were minimum wage
We are a small company and hire in the 10-12 an hour range to start. It is very difficult to find employees. Half of those who apply fail the initial drug test. Many of those who do start as soon as they are elligible for unemployment they will start to call in and do poor work so they will get fired and can go back to being on welfare. The only good news is we do have a base group that are hard working and have been with the company for a very long time its just the attitudes of the new hires that is not very good, almost like they believe that we are taking advantage of them by giving them a job...
at 10 bucks---you are.
A 2 pound slab of bacon is 17.99
Ive always paid around whatever that package of bacon cost and I do not have problems with finding people or the quality. And thats for low skilled ranch work.
I expect a man to give me an honest days work, I don't expect him to do it for nothing.
I think regional demographics play a role, and profitability.
We've have general animal husbandry work, low skill, low difficulty, but dirty (dirtier than a "normal job") and have found that paying more doesn't always yield better employee...we've found that it takes about 2-3 days to figure out if they're going to cut it or nor.
I don't know how many hires simply can't show up on the first day...it'd be funny if it wasn't so sad.
I dont keep people that don't work after the first day. Pay people right and they will be there.
If someone works for me comes in one minute late I tell them to go home and get some rest for the rest of the day. I put up with zero bullshit and I give none.I work their ass off and pay them well, hard physical labor. All my stuff except drivers is hard labor, But I don't try to hire wimps for what I got to get done either.
I don't know maybe you guys live in Arkansas or something but around here you are not going to get a MAN to show up for no 10 bucks.
What are the tasks these guys have to do, and how many hours do they get? Not a lot of people want to pay more than minimum.
Im looking for a job and I would love to work on your farm. Are you hiring? What state? I will move. Hard-working white family man who loves outdoors and getting dirty.
No its going into winter feeding time and slower. The guys I use this time of year have been with me for years. Plus im downsizing trying to get to the point that I can leave. You sound German so I know you would work out well and I wish I could help and wish you luck.
I was going to open up a rock mine on a ledge for flagstone builing rock. But, after I checked out all The BS involved with epa, mining royalties reporting, the State BS ect ect. I guess im just going to leave that alone.
Will you just pay me in bacon?
Fail the drug test, are you serious? How do you feel able to be judge and jury on people's private lives? You are looking for people to work for you not marry your daughter. If someone starts drugging up your workplace THEN you can take action, until then why not just keep your nose out of other people's business.
Good point EXCEPT that if the applicant fails the drug test, then that means that he/she still has the drugs in his/her system, and the drugs can affect his/her performance on the job.
For example, one night while on administrative duty in my research hospital, I discovered that one of the employees had cocaine with him and had sneaked outside periodically during his shift to snort some. I looked up his job/role, FREAKED OUT at what I saw on the computer, and immediately called the police, who searched him, found the cocaine, and arrested him.
Why did I freak out ? What was his job ?
Anesthesiology Technician
This drug addict was high on coke while he was in the operating room responsible for assisting the anesthesiologist in administering anesthesia to patients undergoing surgery and monitoring the patients.
Problem with drug addicts is that they have an entitlement expectation that everyone else is obligated to accommodate them and endure the consequences of their addictions, eg theft. I would just recycle them.
while I personally dont care what goes on in some ones off time, the reality ignored by the advocates is that performance and productivity actually have an effect on business success, as well as safety is a real life issue, not just a slogan. the first thing after an incident happens, osha wants a drug test. do you want to risk everything you've built because some one was having a self induced off day?
what YOU do on your time is YOUR business, EXCEPT when it bleeds onto MY time and threatens ME and the money I use to feed MY family.
Tell OSHA to fuck off. They are an unlawful organization.
In the UK they are bring in minimum wages staged over a few years
Guess what Jobs are now being advertised at lower wage levels than they used to be.
You used to to see 18-19K PA
now 14-15K PA
The chancellor announced a compulsory national living wage for over-25s from next year that will rise to £9 an hour by 2020. What does it really mean?
http://www.theguardian.com/society/reality-check/2015/jul/08/george-osbo...
You're shocked that people don't show up and work hard for a wage barely above welafare (and in reality is less than welfare due to taxation). I give you a year before the company is in bankruptcy court.
The 12 month chart looks like the Fallopian tube formation.
They're fake openings. Must show growth always!
https://www.youtube.com/watch?v=TCbFEgFajGU
Something odd is happening in the US labor market.
Not odd at all, its just a big Fraud!
I'm guessing that among the 94 million people no longer even counted as unemployed, and the 47 million who can't feed themselves without dot-gov help, most have found a durable source of income. It might be an unemployment check, disability payments, EBT card, WIC, or some other form of support. It's an insecure existence, a kind of sustained precariousness, but the last thing people in that position will do is upset their semi-stabilty by rushing out to fill those job openings.
I am disabled and my spouse works in the medical field (not a doctor or even a nurse). In our immoral society; we would be financially better off if we got divorced, put the house in the spouses name, have me rent a room out and split the children. We would gain about 35K in .gov financial benefits...now that is how to destroy society, set a bad example for children and sell ones soul to the devil and that is what the country is doing/& continues to do.
But if God has not spoken, then there is no right or wrong behavior because it is relative to ones own made up moral values.
Because its much easier to live off of the government than it is to hold a job....that is why
It pays more to participate in the moral destruction of one's nation until you wake up one day and the check is no longer there because the job is finished.
But who's fault is it. The workers that realize that they cannot feed themselves on the pay they are given, or the owners not willing to pay workers enough to feed themselves (dem Porsche 911 Turbos are expensive).
How about the Govt. that taxes and regulates a business to the point that it can not even afford an employee.
I do agree with you that, that shit needs to get dialed down, but also I know that the hording and greed is why this country is in the shit hole it is in. Blind over consumerism has killed it from top to bottom and it will never return.
Or the fed that pours liquidity on assets, globally inflating prices. Hard to pay $10 an hour when that's what a meal at McDonald's costs.
"Inflation, using the reporting methodologies in place before 1980, hit an annual rate of 9.6 percent in February, according to the Shadow Government Statistics newsletter." http://www.cnbc.com/id/42551209
The government can't afford inflation without job growth. Otherwise, all of the benefits (EBT, Social Security) rise in cost with the CTI. Thus, the stupid gaming of the numbers.
"When I give food to the poor, they call me a saint; when I ask why the poor have no food, they call me a communist."
Dom Helder Camara
I dunno. The FED really fucked-up the country, BIGTIME. I haven't worked in ten years. I have six figures in the bank and live very comfortably in a remote rural area. So the money goes a long way. I've cut my expenses right to the bone.
Still, just last week, after I dropped my wife off at a discount department store, I walked over to watch a crew putting up a large retail cinder block building. I'm sixty-five. I worked construction many years ago. Though my hair is totally white indicating my age, I am still a rugged enough looking guy, because I swim on average a mile and a half every day year round for my health.
I didn't stand there three minutes, and the super on the job came over and inquired if I had experience "with blocks." He offered me a job right on the spot. The super wasn't quite my age, maybe fifty.
I declined the offer. And after I said goodbye and walked halfway back to the store where my wife was shopping, I turned around to see the crew of about ten again. There wasn't one young fella among them.
Now that I'm looking, I see guys as old or nearly as old as me working construction all the time. So when you see Tyler's statistics about how just the old people are getting jobs, he's right. But don't assume they're all working at Walmart as greeters.
Old people are getting hired because employers know, these old people know how to work. And in construction, knowing how to work, and knowing how to work without getting hurt, is exactly what is required to get the job done, regardless of the age of the fellas doing it.
Hire a young inexperienced kid to put blocks up, a kid with soft hands who is just as likely to show up on the job with his pants hanging down around his knees, or stoned, just ain't gonna hack it.
That is the positive side; now let us hear the other side. It is your generation and the one before that has not provided "shade for the next generation"; let us hear about that moral failure. I'm not far behind you either.
How many of them were raised by single mothers? How many were coddled, not pushed to work around the home at minimum?
Your other point about the breakdown of the social fabric was spot on. You have young men, raised by women, who don't understand that showing up on time, looking presentable, and putting in some effort at your job is a requirement, not some option.
You find a young male working hard and chances are pretty good he had a stable home life with both parents present. Anecdotally, most slackers I've seen in my own generation come from families who split in their formative years. Its not just economics, it's societal, and it's not going to change soon.
Compelling leadership would motivate the lost souls in younger generation. They showed up for Obama in 2008 and voted his sorry ass in (along with the the black who would have voted for the black football star who sliced the throats of 2 white people and was found innocent despite the obvious truth).
The stage set in Germany, Obama's "tear down that wall" speech during a free concert, free food and affordable liquor fooled me. We just need another JFK who lives this time. Pendulum is swinging. Media control should be addressed along with every miserable situation we are in.
https://www.youtube.com/watch?v=Q-9ry38AhbU
Mr. Nobody with an audience of a king. Obama's Berlin Speech
As much of a piece of shit the FRB is, the citizens of they country are also half to blame. Blind consumerism has fed the credit markets to the idiocy they are. Stop caring what the neighbors think of your 'stuff' and start caring how your neighbors are doing beyond their material belongings. Excuse me, I gotta shower now as I feel covered in hippy.
Taking advantage of all the L-1 and H1Bs it can. Many companies disregard the law because they know the laws are never enforced.
Why hire Americans anymore.
I am not sure what things cost in the US any more, but back in the 80's when I worked summer jobs in construction I was paid somewhere around $10 an hour. I am pretty sure I could buy a can of Coke for 25 cents back then. I could certainly eat at McDonald's for five bucks (Quarter Pounder meal plus nuggets).
So, today we are astonished that people choose not to work for the same nominal wages when everything else has gone up four-fold in price. We call them lazy welfare bums or worse. We blame the wages on immigrants. We castigate the Democrats whose fault this apparently is.
Well, if you want a functioning society and a functioning economy, you need to encourage everyone to participate. The long-standing policy of screwing labor (bad, nasty communist unions and evil workers who ask for more!) has simply led to this outcome. The Management to Employee Wage Ratio has exploded. This works if you have an unlimited pool of uneducated, disenfranchised poor to suck in, wring out and toss away (China, India, Indonesia). America has at least some social framework so many choose to live off the state rather than earn less or only marginally more by working.
Good luck with solving this through immigration controls. Good luck trying to eliminate minimum wages. Good luck with a completely fucked up nation that has lost all sense of society and compassion.
What part of the intentional destruction of society don't you get? Democrat or Republican; really? There is no difference and neither run this crap show. This is a total breakdown of the moral fabric within the society as shown by the attacks on marriage, family and life; all devalued.
The unmitigated immorality that has bestowed the nation is what has and will continue to kill the nation; greed and corruption, deceit and lies. It will get much much worse in the coming months and years, for the depravity of man has almost no bounds and what people thought they could never do; they are doing and who is teaching any FIXED moral values to the next generation?
This article is beyond stupid. The government will have to coin some new words and phrases. It shouldn't be problem....they have plenty of experience.
Ther's a whole BUNCH of jobs out there, plenty of jobs, loads of jobs. As long as you're willing to work for 3.00 an hour, and live in a tent, and eat out of the garbage can.
The BLS have been screwing with the numbers now, for so long, in order to resonate with the narrative du jour that they haven't got FUCKING CLUE what's really happening.
I suppose they will come up with some more bull shit once they need to move a market someplace that suits them.
"Worst of all, with every passing month this dislocation is getting worse and continues to press down on wages: which is precisely the conundrum the Fed has been unable to solve" - end
Wasn't that part of the FED plan? Nothing to solve when it is part of the scheme.
The asset wealthy get more asset wealth at the expense of the middle-class, both upper and middle.
Wanted people willing to work for less than it cost to live
Sold to the guy from the 3rd world on welfare!
original article - correct.
speaking as one person who was a manager and responsible for hiring in technical positions. it was increasingly difficult to find good candidates. some industries cannot afford to sacrific the quality of their applicants. that just pulls the whole industry downhill. the only solution is to maintain high standards with hiring. as a result - many people are not "hireable". their potential work skills are sloppy or under-rated. sorry. that's the deal. real skills take time and a lot of effort to master!
Idiot. That is the result of off-shoring good jobs. The high skills are now overseas.
So if people like you don't give people a chance to develop/hone their skills, then who is going to? Doesn't this predispose you, and the rest of your industry (if such behaviour is replicated) to severe future labour shortages, or collapse in the future. If you don't have a structure which allows you to build a talent pipeline?
Increasingly hard to find good candidates when you keep *lowering* the pay. Not only do good candidates ignore you, but they leave the field so after a while even raising pay doesn't work, not that you tried it.
When I graduated college in 1979 with a BA in philosophy, no one was hiring. A friend's father was head of an IT department and was looking for programmer trainees, so I applied, passed the aptitude test 100% due to my awesome logic skills, and so I joined the company as an apprentice programmer. 6 weeks later they made me a full programmer with a nice salary. The company absorbed the training costs, and developed someone with the skills they needed.
Today ? If you don't have 15 languages and 5 years experience by age 22 you aren't going to get hired. And if you do, you will always be in fear that your job is going to be outsourced.
And companies wonder why they can't find talent and no one is willing to walk over fire to get the project completed. Look in the mirror, employers, YOU are the reason. Low pay, no raises, diminishing benefits, job insecurity, yeah that's conducive to high output right there !
The resumes of the young are pretty much instantly discarded in the tech industry in favour of hiring foreigners for nearly all of the entry level labour demand.
It's a pretty simple 'calculation' for someone looking for a job to detrmine if the job is 'worth it':
If it's not much money and I'll be worked like a rented mule, then "Fuck You, I'll stay home and collect unemployment/EBT/live in my parents basement."
Shit jobs?????? The US has become such a scum shit at home and around the world.
The Bureau of Labor Statistics presented the latest deceitful employment report Friday, November 6th. They reported that the unemployment rate was 5 percent in October. Of course there are 98 million Americans capable of working, not working, who were not included in the unemployment rate calculation. The labor participation rate is the lowest it has been in 38 years. The report also fails to consider quality, family-supporting paying jobs. If an executive lost a $100,000 job and is now pouring coffee at Starbucks for $11 per hour, that person is considered by the BLS as fully employed. Empirical evidence can argue the true quality jobs un/under-employment rate is closer to 30 percent. Half of U.S. jobs pay less than $36,000 per year, which is a realistic poverty level. Over 46 million Americans are on food stamps. The next Great Recession is underway, stealth to many, but underway.
The next lie from the Bureau of Labor Statistics was when they reported that a whopping 271,000 new non-farm payroll jobs were created in October. But a closer look reveals that of that 271,000 number, 165,000 were make-believe jobs, a complete fabrication. The BLS reports a CES Birth/Death statistic where they identify fictitious jobs that they add to the non-farm payroll number. They take a wild guess as to how many new jobs were possibly created by new businesses they think may have started up each month, less jobs lost from businesses they estimate closed down. So if we back out the CESBD fictitious jobs, at best only 106,000 new jobs were created in October 2015. The U.S. needs to create 150,000 new jobs each month just to break even with population growth. Not a great jobs month from October.
http://safehaven.com/article/39478/after-a-two-month-rally-is-another-st...
Men need to shut up. If you consider all of the women added to the job liberation programs men have not had to face unemployment, instead they are sharing their jobs with women (and so unlearning sexism at the same time, maybe an additional job to be counted?). Since there is no inflation, maybe even negative considering iWomb improvements, real unemployment is around -40%.
Pretty great all around. And the next generation of Wimmins' Studies temps should be able to repackage those numbers. Counts as 3 jobs if you're a Person Of Color, dickless, and in a wheelchair. 4 if you can get some dick to pay child support.
Uber is hiring.
One big brand-name tech company I'm familiar with out of Redmond has a multiple of job postings to actual real jobs on its website simply as a tactic to divert resume flow away from the legit jobs. With insiders/employees tipping off their friends as to which jobs are actually legitimately going to be filled.
The way it works is simple. The company receives a million resumes a year, give or take. Its much easier to spread those million resumes over 5000 job postings, of which, perhaps 200 are real -- and only consider the contents of 200 resume queues, than it is to employ people to consider the contents of 5000 resume queues. Thus, the excess job postings effectively becomes a sort of randomization device to cut down on the amount of labour required to process a million resumes a year.
Another problem in tech is that 3rd party recruiters will take a single advertised position and replicate it under their own brand, spamming it to every website possible. One position with a tech company I know of was replicated no fewer than 20 times on the job board under different branding. Such position never was filled as the company moved from the west coast to Atlanta as part of an overall corporate reorganization.
Additionally, in tech, a lot of jobs are advertised solely for immigration compliance purposes, as part of the PERM process to get a worker a green card. If one searches for "Programmers Guild" on Youtube, there's a whole video on how firms are required to solicit resumes, but then, with the purported 'help' of a certain law firm, essentially engage in significant efforts to disqualify otherwise qualified workers to maintain the delusion that no qualified US citizen workers are available for a position.
Last, but not least, many startups exxagerate their job postings on account of wishing to either create an aura of success (which improves their standing with the VC types), or to mislead the market/competitors as to their future plans. These are not legitimate job openings either, but are still counted as such nonetheless.
Fucking pathetic what this country has become. A nation of liars. Fraud and lies everywhere you look. This will all end in tears.
I've seen the same job ads from the same companies for over two years. The following NY Times article echoes that fact:
With Positions to Fill, Employers Wait for Perfection
http://www.nytimes.com/2013/03/07/business/economy/despite-job-vacancies...
I doubt they're waiting for perfection at all. The job simply doesn't exist.
Yeah, I'd have to agree.
Yep, just like the housing market, same homes for sale 2 yrs. + it's all a big fat charade
It's crazy...there ARE jobs, for instance my brother works at a place that can not find ANY decent diesel mechanics. If you're fresh out of tech school like Porter and Chester you can walk right into 60K a year without even trying hard. If you have three years experience you can make WELL OVER 100K a year.... and it would not be too hard to pull in 120K a year.
So my brother talks to the tech school teachers and the classes are 1/2 full. Kids don't want to get their hands dirty, they want to design video games.....
If they can't find any 'decent' Diesel mechanics, then they need to either train some on-the-job, or salaries need to rise. If its truly a scarce skill, is $60k really enough? Keeping in mind that useless early 20s-something-year-old bankers on Wall Street are often paid well over $100k in their first year.
This attitude that certain occupations 'deserve' to make more, and certain occupations (particularly those involving grease and grime) "deserve" to make less is a big part of the problem. Especially when it comes to the H-1B visa which is entirely a matter of the government dictating that wages are too high for certain professions, thus flooding them with foreigners, instead of letting the domestic market figure things out.
"If they can't find any 'decent' Diesel mechanics, then they need to either train some on-the-job, or salaries need to rise."
Flat rate. That's how the industry works...
If its truly a scarce skill, is $60k really enough?
First you have to find someone who knows the difference between a screwdriver and a socket. Then, like others have posted....it's damned hard to find anyone who can pass a simple drug test.
Not bad for some kid with 18 months of technical training and no college education, really......he can double that in 3-4 years.
Maybe the 'industry' needs to change then. If diesel mechanics are so scarce, the flat rate system may very well not be appropriate.
And as I said, if there's scarcity, then as salaries rise, more kids will, during their formative years, see value in figuring out (or being trained) on the difference between a screwdriver and a socket. But as it stands today, the kids have mostly seen mechanic types being low-paid, treated to relatively poor quality work environments by their employer, and been treated to compensation schemes such as "flat rate" which doesn't exactly lend a lot of stability to one's life.
"Not bad for some kid with 18 months of technical training and no college education, really......he can double that in 3-4 years."
That 18 months of technical training may very well be more difficult/rigorous than a whole 4-year college degree at many of the schools out there. And 'double that in 3-4 years" might not be appropriate either -- if there's such a shortage and people are so difficult to find, then perhaps the employers suffering shortages should be paying even more up-front.
After all, if one employer is grappling with a labour shortage, chances are, all of his/her competitors are. So prices need to rise.
OK - what's your fucking point man? employers will pay - at the margin - labor's contribution to the process and nothing more. Its that simple. He's not and nor should he pay more unless the marginal revenue from doing so is greater than the marginal cost.
My point is that maybe $60-$100k, which the author claims is a lot of money, really isn't. The market, by keeping the skills he demands scarce, is clearly demanding higher. Eventually the market will fulfill, at a high enough price, his desires. So prices need to be allowed to rise instead of businesses whining that it costs too much money to hire certain types of skilled labour.
Also, as prices rise on diesel engine maintenance, there exists a greater impetus for the R&D industry, and the operators, to find ways of reducing maintenance costs through technology. Jet engines formerly required frequent overhaul intervals as well, 3000-6000 hours was the typical "on-wing" time of many earlier jet engine models for airlines. Today, designs are achieving in excess of 20,000 hours before their first removal. The high cost of engine removal forced the airlines and their vendors to come up with solutions derived through R&D and operating procedures. Such as derated takeoffs. Such as more advanced materials and condition monitoring. If the cost of diesel engine maintenance rose enough, surely, the industry would rise to the challenge.
"First you have to find someone who knows the difference between a screwdriver and a socket. Then, like others have posted....it's damned hard to find anyone who can pass a simple drug test."
There's your problem right there. I've been turning wrenches my entire adult life. I've built many hot rods. I built a diesel genset from scratch and put a turbocharger on it myself, welding up the piping and fabricating everything. I also enjoy smoking marijuana, and no, I'm not going to stop just to satisfy some out of touch clueless old people. You don't like drug users? Too bad, hypocrites. Enjoy your caffeine addiction and skilled labor shortage. You set up all these onerous conditions and hoops people have to jump through just to be blessed with the gift of a job working for slave drivers and busybodies, and then you wonder why nobody is interested. It must be because millenials are all lazy and worthless. Yeah, that's surely the explanation.
"I am not a criminal, any more than my great grandfather Edward Frost was when he illegally fled England under an assumed name during the mid 1600s"
How old are you?
"I'm going to make the first pot billionaire!"
ROTFLMAO
Exactly correct and it is because "entitlement" describes mental attitude even more than it describes government vote-buying programs. This behavior was rare before the welfare state went turbo.
Er.. Diesel mechanic is a ball busting job. The engines are BIG and HEAVY.
But, it is a job I would take, if I needed to earn a living. Fortunately, I was a tech and programmer. Now, I ain't nuthin'
Put that dumb ass muslim nigga, Yellen, HRC in jail
Mark Zuckerberg and the TPP will bring in hundreds of thousands of happy Indians to work on L-1 wages, minimum wage or maybe less (does TPP exempt even from minimum wage? probably).
HOW has the BLS lived with the situation for thirteen years of hires being greater than openings? All that means is their process has been crap for that long.
13 years sounds about right for how long the US labour market has been total garbage. I know in the tech sector, hiring of US citizens pretty much ground to a crawl in the early 2000s. Replaced with the nonsense that we see today.
Need to get maintenance on their ouija board, but they can't find a qualified mechanic who will do the job for minimum wage, or ten dollars cash under the table.
Could part time jobs have an impact on this stat?
Everyone that wants a job already has 3 part time jobs -
What kind of jobs do modern Americans do? Just one example. I was reading about people leaving the Post Office due to their slowly decaying business and work environment. One worker fed up with the constant abuse of supervisors and the general working conditions. He was overjoyed to tell his boss that he quite and somebody else would have to deliver his route. He quite at clock IN in order to get back at his supervisor, and get a little revenge.
His new job, that he was very proud to have landed was to be junior manager of a donut shop.
I find that almost to be the American Dream of 2015. "I left the Post Office to manage a Donut Shop!"
Fuck Jack!! Still better than working at the fucking post office. As manager you can flip little mini's have contests with your staff on how many one cas shove in their mouth! Dream job Jack!! Dream - Job!! :)
We used to refer to the US HR department as Human Remains. The UK staff called their human resources people anti-personnel.
I saw a post on farcebook a few days ago from my ex-admin which showed a photo of macdonalds worker striking for $15 per hour against a photo of an ambulance driver working an 18 hour shift who was being paid $15 per hour. Her message was "Why do these unskilled fucks think they're worth $15 an hour?" It never occurred to her that the ambulance driver's wages hadn't shifted in 20 years and perhaps he was being underpaid. It never occurred to her that the CFO of McD's could be replaced by a spreadsheet instead of pulling in $8M.
Its unfortunately very easy for people to lose track of who the real enemy is, and that is, the excessive size/scope/role of both the financial sector and that of government.
I totally agree and the size and scope of the financial sector has increased due to the actions of the government (and their increasing size). Well said - let's not forget who the real enemies are. And why they are the enemies, in the first place.
Everyone is correct. The elite financial sector likes nothing beeter than McDonalds and Paramedics fighting each other over who makes too much! Imagine the Bankers laugh, when they see what we little people engage in, while government guarantees Bankers a life long profit, no matter what they fuck up!
IMHO you're right, EMT's always seemed to be drastically underpaid.
A contest over who is getting screwed worst. Based on the cost of an ambulance ride vs.the cost of a meal at McD's my vote is for the ambulance drivers.
But Mc'Ds is a source of revenue for the ambulance - Big Mac attack is when your heart stops pumping because your arteries are clogged with special sauce.
We live in a rural area with septic systems instead of city sewers. We had our system pumped out in October. The Technician said they have a help wanted ad running on the internet over a year. The only response they get is for drivers not actual workers. The founder of the company loved his job. I will never forget him climbing into the tank to verify everything was working. Smoking at the same time. I hosed him off with garden hose. Sounds terrible? Technician has a McMansion and lives very well off.
Not accepted in social circles though.
We've got all these un-filled openings. Can't find any qualified candidates. Please give us some more H1-B Visas...
I think I've seen your job listing. Let me guess, you wanted 15 years experience each on C++14, Go, Rust, F#, NoSQL DBs, ARM embedded systems, Java2EE running on AWS/Azure/Docker, Windows x86 drivers, Linux admin for every distro ever attempted, iOS crypto and security hardening, Android UIs, plus MSCE, SCJE, DOD5000.2, Sigma-6 and ISO-9000 certifications all for the low, low ball of $55K in an area of the country where the cost of living is $60K for a one year at-will contract. Have your HR vampire call my headhunter, I'm sure they'll work something out.