241
Why Americans' confidence in finding a new job is tanking even as the labor market is humming along
(www.businessinsider.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 21 May 2024
241 points (95.5% liked)
News
21700 readers
3108 users here now
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. Trolling is uncivil and is grounds for removal and/or a community ban.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
founded 1 year ago
MODERATORS
I have no earthly clue what world economists are living in where the labor market is great.
I've been looking for a job for over a year (in tech, over a dozen years as an SDE, a dozen more as a TPM, lead role in both titles). Whenever I can get an employer to actually respond to the hundreds of applications I send, their salary offerings are a joke.
Are people just out there taking 20% - 30% haircuts on what they make?
They're measuring job offerings against unemployment claims rate. If there's toilet scrubbing jobs out there and you don't qualify for any benefits: that's a humming labor market to an economist.
I remind people that the fastest way to "create a job" is to take a full time position with benefits, cut the hours in half and divide them amongst two new positions after removing the benefits and now you have a 100% increase in the supply of jobs.
My first 'legal' job when I was a minor was working maintenance at a retirement facility. I was hired along with another high schooler at minimum wage.
It was a summer gig and right before I quit to go back to school the main maintenance guy revealed that we had replaced a single person who was paid our combined wage.
It is a long established strategy.