The economy is being held together with duct tape right now. Way too many job openings. Supply shortages in most industries. The delta variant is threatening more shutdowns. Almost a million families are about to be evicted. Restaurants are nowhere near normal hours/days thanks to not having staff. Places are offering insane wages 3x or more higher than they used to pay. All costs are being passed to consumers who have lost even more spending power. "Inflation" is talked about constantly. But I guess as long as corporations are able to continue playing the shell game to make their bottom line look good to Wall St, we're all a-ok?
Post-Corona Economy
Post-Corona Economy
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
There are strains, but realistically things are basically OK, and going the right direction. Labor force participation dropped from 63.4% to 61.7%. That's 2.7M people who are not working, who were before. Because of the stimulus and unemployment checks, those are going to be the people at the margins. The restaurant workers, the factory workers. It's going to cause some issues. At it's worst, the participation rate was 60.2%. Inflation is happening, after we had 3 months of deflation to start the pandemic. But it the grand scheme of things, it's not terrible, and it's probably transitory. Let the unemployment checks stop this month, and we'll see more normal as people return to the workforce.Leisher wrote: ↑Tue Aug 31, 2021 9:28 pmThe economy is being held together with duct tape right now. Way too many job openings. Supply shortages in most industries. The delta variant is threatening more shutdowns. Almost a million families are about to be evicted. Restaurants are nowhere near normal hours/days thanks to not having staff. Places are offering insane wages 3x or more higher than they used to pay. All costs are being passed to consumers who have lost even more spending power. "Inflation" is talked about constantly. But I guess as long as corporations are able to continue playing the shell game to make their bottom line look good to Wall St, we're all a-ok?
Very few places, if any, are offering 3x what they used to offer. I've seen a lot of 25-50% more, but again, at the margins.
It's not me, it's someone else.
Post-Corona Economy
I'm fine with this, although knowing that delta, lambda, or the new strain in Africa could fuck everything up.
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
The chip production issues seem to have less to do with the pandemic at this point. But will continue for a while. Apparently a large plant had a fire in March. Just no slack in the production lines, and capacity takes years to add.
It's not me, it's someone else.
Post-Corona Economy
If the fire was because of staffing shortages, I'm calling pandemic-related
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
There is no evidence it was due to staffing issues.
It's not me, it's someone else.
Post-Corona Economy
No evidence it's not! BAM, CHECKMATE! Your house of cards is falling like dominos. Touchdown.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
I ordered frozen dog food on Monday, it shipped from Indy Tuesday, I always get it by Wednesday. Not this time. It didn't come until today, through FedEx Home. The driver told me they have no workers at the hub in Perrysburg, and they're bussing employees in from Michigan every day. Lots of people quit and/or just not showing up.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Chip shortage could last 2-3 years, driven in part due to electronic cars which require 10x the # of semiconductors.
It's not me, it's someone else.
Post-Corona Economy
People are not getting laid off
Weekly jobless claims totaled 310,000 for the week ended Sept. 4, another fresh low for the pandemic era.
That was below the Dow Jones estimate of 335,000 and a decline from the previous week’s 345,000.
Continuing claims fell to 2.78 million, a drop of 22,000.
It's not me, it's someone else.
Post-Corona Economy
" grocery stores not going back to normal this year"
https://edition.cnn.com/2021/10/09/busi ... index.html
10 years to normality prediction still in play
https://edition.cnn.com/2021/10/09/busi ... index.html
10 years to normality prediction still in play
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Jobless claims below 300,000 for first time since pandemic started. Still above the 219k average for 2019.
It's not me, it's someone else.
-
thibodeaux
- Posts: 8056
- Joined: Thu May 20, 2004 7:32 pm
Post-Corona Economy
Can't some of those people go drive a truck or be stevedores or something?
Post-Corona Economy
We've made it shameful in this country to do a hard day's work. Everyone has to have a college degree and work in a cubicle or they're ignorant and wasting their life.thibodeaux wrote: ↑Thu Oct 14, 2021 1:18 pm Can't some of those people go drive a truck or be stevedores or something?
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
It's a freaking LOTTERY to get a stevedore job, thanks to the unions.thibodeaux wrote: ↑Thu Oct 14, 2021 1:18 pm Can't some of those people go drive a truck or be stevedores or something?
It's not me, it's someone else.
Post-Corona Economy
“Every record been destroyed or falsified, books rewritten, pictures repainted, statues, street building renamed, every date altered. The process is continuing day by day. History stops. Nothing exists except endless present in which the Party is right.”
Post-Corona Economy
People would rather wear-and-tear their car doing "gig work" for $10 an hour rather than flip burgers for 15. Idiots.Leisher wrote: ↑Thu Oct 14, 2021 1:20 pmWe've made it shameful in this country to do a hard day's work. Everyone has to have a college degree and work in a cubicle or they're ignorant and wasting their life.thibodeaux wrote: ↑Thu Oct 14, 2021 1:18 pm Can't some of those people go drive a truck or be stevedores or something?
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
Keep the unions out of it, and within a month you could have a massive, new floating dock system off some city that currently doesn't have one. Let the Japanese design and build it.
"Be bold, and mighty forces will come to your aid."
Post-Corona Economy
This isn't the first time we've had issues with the docks over there in the past 20 years. I'm GUESSING that it's basically impossible to build a new dock on that coast for environmental reasons or something.
It's not me, it's someone else.
Post-Corona Economy
Build it 3 miles out in international waters. Ferry the boxes in 1 by 1 under some different environmental/shipping rule.
Still have the japanese do it. They're efficient and competent and there's a non-zero chance the entire port structure could turn into a giant robot, as needed.
Still have the japanese do it. They're efficient and competent and there's a non-zero chance the entire port structure could turn into a giant robot, as needed.
"Be bold, and mighty forces will come to your aid."