Americans Kiss Job Hopping Goodbye (msn.com) 117
Americans quit 39.6 million jobs in 2024, an 11% drop from 2023 and 22% below the 2022 peak, Labor Department data showed Tuesday, signaling an end to the post-pandemic job-switching frenzy. The monthly quit rate fell below pre-pandemic levels as workers faced diminishing options in a cooling labor market. Available positions per unemployed worker dropped to 1.1 from 2 in March 2022, while hiring declined to a monthly average of 3.5% in 2024 from 4.4% in 2021.
Total hiring fell to 66 million in 2024 from 71 million in 2023, though the job market remained stable. The unemployment rate held at 4.1%, with economists expecting steady job growth in Friday's upcoming labor report. The Conference Board's latest survey showed fewer respondents viewing jobs as plentiful compared to the early 2020s, with more reporting difficulties finding work.
Total hiring fell to 66 million in 2024 from 71 million in 2023, though the job market remained stable. The unemployment rate held at 4.1%, with economists expecting steady job growth in Friday's upcoming labor report. The Conference Board's latest survey showed fewer respondents viewing jobs as plentiful compared to the early 2020s, with more reporting difficulties finding work.
Yup (Score:5, Insightful)
The market is shit, companies don't like paying, and half the job postings are fake.
Federal hopping (Score:3)
Re:Federal hopping (Score:5, Insightful)
Republicans are tanking the economy. People will be less likely to move to new positions if they see the new company as a risk. They'll also be less likely to take quitting over being fired or laid off, because the latter means they get to draw unemployment benefits (and possibly, depending on their employment contract, some level of severance).
Fed workers being illegally fired by a wannabe despot are being put in a no-win situation, but this too is a goal of Trump. He and Musk want to destroy the American economy for their own "Vulture Capitalist" looter gains; dumping large amounts of workers out into the marketplace is a great way to raise unemployment numbers and deflate wages.
Also, look at the places he's targeting the most, and consider: why do Trump/Musk's every move align with Russian interests?
A great example is USAID - one of the core pillars of American diplomacy. Destroying it is something Putin's wanted to do for years. It leaves American allies in the lurch and ripe for the communist dictatorship countries (Russia & China) to come in and establish their own world hegemony. Who but an absolute traitor to the USA would literally be doing things that only benefit our enemies?
Re:Federal hopping (Score:5, Insightful)
The goal, since this is driven by Heritage Foundation, is to dismantle the government entirely. Leave literally everything to the states, thus effectively winning the civil war 150 years after the fact. They target the smaller departments first because those are easier to start disrupting. Then encourage fed workers to quit (it's not legal to offer a buyout) meaning the departments they used to work for are now less efficient, making citizens annoyed with them, and thus less likely to oppose efforts to just shut them down. USAID is about foreign aid and thus do not affect any voters, so easy to axe it without too much domestic disturbance. Department of Education next, because it's been reviled by the farther right factions of GOP for ages so it's high on the chopping list. They also want to get rid of Department of Veterans Affairs, which undoubtedly will piss off many right leaning voters, but the administration doesn't care.
Of course, just label this as trying to reduce fraud (by downsizing offices tasked with reducing fraud) or that they're getting rid of DEI. All of the reasons given for actions from the incoming administration is just smoke and mirrors hiding the reason reasons. Just like stated reasons for the tariffs were smoke and mirrors.
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The problem with returning the USA to the 1700s, is industrialization. Manufacturing and thus, employment is lumpy. It's so lumpy that some states can't pay for their infrastructure. With the US federal government dismantled, those states lose their main source of revenue. Such states must either join a profitable state (Why would a profitable state 'buy' a cost-centre?), or become pirate fiefdoms, stealing from their neighbours. Factor-in Project 2025's dependence on religion, and the rise of a Christ
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Also consider that some states get more from the feds than they get back and vice versa. So if California was independent then it would save money by not sending taxes to the feds, whereas Alaska would be wrose off. Or at least until the rejigger oil prices to make up the shortfalls. Other states are in an iffy position, generally poor but depending upon a few important federal bases or labs (pork does actually help the home state).
Re: Federal hopping (Score:1, Troll)
Re: Federal hopping (Score:2)
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Apparently about 1% of federal workers have taken the offer and quit.
There will probably be a class action lawsuit over it, because the advice given was misleading and inaccurate. All those federal workers who relied on that advice to make a decision can sue over any losses they experience as a result.
Re: Federal hopping (Score:4, Informative)
"cutting costs and eliminating government bloat that was hampering economic outcomes is hardly going to negatively impact the economy"
This is of course at best an ignorant take. People always think the stuff the feds are doing that costs money isn't useful to them until they stop doing it.
"What one thing has Trump done which "aligns with Russian interests"? That's nuts man."
Now I know you're either arguing in bad faith or don't know shit about shit. Start with cutting aid to Ukraine. Killing USAID, too, obviously. And frankly, just literally everything he has been doing. Making incompetent appointments like Hegseth, shitting on our allies who are also Russia's adversaries... The list is long, and you are either willfully assisting or too dumb to understand. Either way, fuck off.
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The market is shit, companies don't like paying, and half the job postings are fake.
And don't forget, for the last two plus years companies have been getting told they'll be able to replace most of their staff with AI in less than five years. Why hire when you'll just be able to get rid of them all that quickly? It doesn't matter if it's not true. It only matters if the C Suite believes it and can convince the rest of the management team.
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1) lay off employees
2) wait 5 years for AI workers
3) ???
4) Profit!
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The vast majority of fake job offers are based on 2 plans.
Plan 1 - Offshoring. Claim they "can't find American workers, we need to outsource this to China/India/Wherever."
Plan 2 - H1B Fraud. They deliberately make the qualification requirements stupid (like back in the mid- 2000s when they would ask for 20 years of experience coding .Net, which had only existed since 2002) so that they can claim they "didn't find" Americans who were "qualified." Once they get the H1B it's basically slave labor, since th
The economy was just barely starting to recover (Score:5, Insightful)
We need more collective bargaining, more antitrust law enforcement, more direct investment in communities and less corporate welfare. Plus we need more education so that we can maintain the productivity we've gotten used to.
Now instead of 8 years of relative stability and repair we barely got three and two of those the republican-led Congress spent sabotaging anything and everything they could.
Meanwhile we've got a guy illegally seizing control of the Treasury department and another guy starting trade wars Willy nilly and a whole bunch of necessary government organizations are being shut down or replaced with cronies.
Without the usual 8 years of stability to weather that storm things are going to get rough. Forget about job hopping you'll be lucky if you're not homeless than 4 years.
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Economy was barely recovering from what?
It has been practically non stop growth from 2013 to 2024, mostly because of a money printer ran by both democrats and republicans.
Re:The economy was just barely starting to recover (Score:4, Insightful)
A certain man in a tan suit had a pandemic happened under his watch, H1N1. Somehow or another he kept it contained overseas while a certain man of orange couldn't do that. It's just a good thing that pandemics can no longer happen because of reasons...
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Cope harder conservative. (Score:4, Insightful)
It's almost as if putting a fail son who got all his money from his dad and bankrupted six businesses in charge was a bad idea. What I don't understand is after all the disasters why in the name of fuck you guys cannot admit you were wrong. Just say it already. How much more does he have to hurt you and your families before you just fucking admit you screwed up?
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First of all the reproduction number for h1n1 is around 1.5. For COVID19 it was around 3.5. Completely different beast to contain.
Also, the economy was going through the roof throughout COVID - purely because of printing money by both sides. There was nothing to 'recover from'. Unemployment was the highest there ever was. If anything what we are recovering from now is economic overheating, the 'everything bubble' and overhiring: ie. too much money.
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Sorry unemployment was the lowest there ever was rather, after a short initial wave of layoffs.
Re: The economy was just barely starting to recove (Score:2)
It probably wasn't either thing, because the primary reported unemployment rate (U-2) doesn't count people who have been unemployed very long, and the other rates aren't much better because of the data sources. The worse the situation gets (the longer people have been unable to find work) the bigger the lie gets automatically.
The stock market was doing great, but people weren't, and many still aren't.
Amazing how you have those numbers handy (Score:2)
As for why he fucked it up it was a combination of greed and incompetence. The incompetence I'm sure you know about there isn't anyone on earth who doesn't know Trump is an idiot. But people just lo
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Huh? Name a single country that contained COVID outside of severely isolated tiny countries that no one visits: https://www.forbes.com/sites/r... [forbes.com].
You won't find it. COVID is airborne with a stupid high R naught. It was going to proliferate regardless of the sitting president
Or other viruses (Score:2)
And we are a couple of minor mutations away from doing it all over again with bird flu only this time we'd have something that has a 20 to 30% fatality rate.
That one.
Or some tropical virus (i.e. that was considered "poor countries only" until recently), courtesy of climate change making the environment more hospitable for it further up north.
Here around, Dengue is already knocking the at door in Southern Europe.
I am sure you see the same tendency in the southern state in the US. Or would have seen if the CDC doesn't get destroyed in the coming months.
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A certain man in a tan suit had a pandemic happened under his watch, H1N1.
Somehow or another he kept it contained overseas while a certain man of orange couldn't do that.
To be clear, that latter man could have if he had put the welfare of the country and its people ahead of his ego -- like a President is suppose to do.
No he couldn't have (Score:2)
The president isn't exactly running the whole country. That's how 78-year-old Joe Biden could be an effective president. He knew how to get the right people for the right jobs. Trump can't do that. Trump only knows how to scam people and he's not even very good at that. He's a carnival barker that's all. The same goes for
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Somebody ran the numbers (Score:1, Troll)
I don't know what the hell you do with that. Literally no one is talking about the widespread cheating that was going on in the form of voter suppression. It's pretty obvious the Democrats thought everyone would just vote by mail or vote early and that's just not how it works. And even if it was tha
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Focusing on voter suppression just allows us to pretend the problem wasn't the party, platform, and candidate. It's coping.
Who could go against Trump, a corrupt unamerican ungodly posturing idiot whose only strength is "owning the libs", and lose *twice*?
Even if voter suppression actually impacted the election (I'm not convinced it did, but I'm interested if you have data), this is still the bigger problem.
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Just allows us to pretend the Republican parties and preventing us from voting in the first place.
And how, exactly, did they do that? The National Voter Registration Act in 1993 ("motor voter") required states to offer registration when IDs were issued or renewed. Likewise for public assistance, some other things, plus ability to mail in if desired. As you would be hard pressed to survive without an ID these days I think registration is covered.
That leaves ability. Are you saying that Democrats are incapable of finding and then making there way to a poll site, but Republicans can? Broken/insufficie
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Were they votes that mattered?
If they had been able to vote (Score:2)
The Senate is tough because it's specifically designed to benefit the right wing. Heck you don't have to go that far back in history to find when it was appointed.
But if those people had been allowed to vote we wouldn't have all the chaos going on right now and the constant market fluctuations and crashes caused by the general incompetence of the current administration and their att
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But we'll never know because they decided to run Biden even though the Powers That Be in that party must have known about his mental difficulties instead of gently easing him out and running somebody else instead. Then, when it became blindingly obvious that he was in no condition to remain President, they replaced him with Kamela, who had already demonstrated that she coul
You're missing the point (Score:2)
The Democrats thought, wrongly, that people would just vote early or by mail so they didn't have to fight for voter access and they wouldn't have to make sure their voters could get registered. That cost them everything. And they still haven't come to terms with it
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What you need is a system of proportional representation where every vote counts, so you don't end up with a two party system.
Power is then diluted and politicians are forced to work together to get things done. Obstructionists like the Republicans become ineffective and tend to lose votes as others cooperate and get things done. It also prevents extremists taking too much power.
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Let me guess, did they use gerrymandering maps to suppress democrat votes by any chance?
Bingo. (Score:2)
But as far as purging voter rolls for that they had a network of local politicians challenging basically every single Democrat's voter registrations. When you registration is challenged you get a letter in the mail. They did tens of thousands of them with the
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The debt isn't always that bad a thing. These aren't about the US buying a mortgage that it can't afford, instead the US is selling bonds. Bonds are the debt. Most states also sells them, and many municipalities. It's how to get money now to buy stuff that is needed now. Bonds helped us win WWII.
Then look at misunderstandings of basic economics: Trump claims we're subsidizing Canada which is utterly ludicrous. Because we have a trade deficit. But that trade deficit isn't bad, it just means we buy more
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I find it hilarious that the DNC's new vice-chair is the type of person the democrats hate the most -- a straight, white, male. Well, I'm assuming straight.
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You have it partially backwards in places too. Inflation was going up before Biden took office. Inflation is not controlled by a simple lever in the white house. The economy is like a giant rhinocerus and the president is a small boy with a pointy stick - there's only so much you can do to do try and make the rhinocerus move the direction you want it to go. You CAN make that rhinocerus very very angry and have it trample lots of things, say by poking it too hard with lots of tariffs, but you're not going
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DEI is not insanity but the pronoun thing does go pretty far but is not really a major issue in Democrat circles. Really, you won't see a damn thing in the Democratic party platform mentioning pronouns. DEI on the other hand is necessary to make job worker demographics match residents demographics - get people hired on merit even if they happen to not be white males. If republicans really are concerned that merit hiring is best, then why are there so many incompetent idiots being approved for cabinet pos
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Democrats support(ed) the pronoun insanity, Republicans oppose it.
It does not have to be on your party platform if when it is brought up, Dems support it.
People won't vote for that insanity.
"DEI on the other hand is necessary to make job worker demographics match residents demographics - get people hired on merit even if they happ
Re:The economy was just barely starting to recover (Score:5, Insightful)
Merit hiring is a myth. People are not hired solely on merit, and never have. Look around your place of employment and you will very likely see an idiot.
DEI is about stopping the old boy network, don't hire because a friend of a friend needs a job, hire whoever is best qualified even if they're not white and male. DEI also means outreach - encourage minorities to apply for the jobs. DEI also means stop the bullying in the work place - don't let people push around the minority worker. Those are all good goals. The snag is that idiots may think that any minority in an important job is a DEI hire and was not hired based on merit, and naively assuming that the white guys in the job got there solely on merit; and that's a tricky nut to crack while the country is still fundamentally bigoted at heart.
Too bad the senate is confirming unqualified candidates to cabinet positions, merely because the CEO likes them, rather than confirming based on merit.
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Yes, Trump is disgusting.
Yes, the Republicans are disgusting.
Too bad they got elected because the Dems support DEI sexism, DEI racism and the pronoun insanity.
Pronouns (Score:2)
and the pronoun insanity.
Please show us on this doll where did the pronoun hurt you?
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Penis (Score:2)
Please show us on this male doll with a penis
Do you intend to bang this doll?
Then why the hell do you need to know what plumbing is between the legs of this doll?
And of any other human being you cross path with?
Why care?
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You desperately wanting it to be a female doll is not relevant to the fact of what it IS.
The decent, sensible people of the world spent centuries fighting insane religions to establish that facts are more important than whatever beliefs people had.
And now, because our education systems gave up on putting facts first, the demented, aggressive, nasty woke religion is on the rise.
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Merit hiring is a myth. People are not hired solely on merit, and never have. Look around your place of employment and you will very likely see an idiot.
Of course people don't get hired solely merit, nothing is perfect. Your case is a strawman. Other things come into play like stereotypes and personality, how well you can sell yourself. You can't tell a persons merit with a simple interview. But simply saying I know how we can fix this we will be racist but in a "good" way. If you introduce a race quota you will get people that are not the best for the job because you have directly mandated it.
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DEI is not insanity but the pronoun thing does go pretty far but is not really a major issue in Democrat circles.
The pronoun "thing" is the straw the broke the camel's back. People could largely ignore the rest, but being forced to try to remember everyone's pronouns became a daily reminder. And I've some friends who would give you an earful for mentioning "latinx".
DEI on the other hand is necessary to make job worker demographics match residents demographics - get people hired on merit even if they happen to not be white males.
That is a flat up lie. Ah, diversity training, you worthless oppressor scum. There is a class action going on against the FAA right now with around 1000 participants that claim the FAA refused to hire them because they are white. They have been fightin
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There have been lawsuits like this for ages, and it's bullshit. They don't have proof that they were ignored only because of race, they just assume that they were the superior candidate. DEI is not about quotas, it does not favor any race over any other. Prove that point first before asserting that diversity is inherently wrong.
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There have been lawsuits like this for ages, and it's bullshit. They don't have proof that they were ignored only because of race, they just assume that they were the superior candidate.
Funny you should say "for ages", as in a very long time. Would that include when blacks were suing over being discriminated against? Or should we restrict this to white plaintiffs? Can we include Asians in that? Because there has been quite a few of those so called "reverse discrimination" suits, and many have been successful. All the way to the Supreme Court. "The best way to stop discrimination is to stop discriminating" or something like that.
DEI is not about quotas, it does not favor any race over any other. Prove that point first before asserting that diversity is inherently wrong.
I never mentioned quotas, but favoring of race is absolu
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DEI on the other hand is necessary to make job worker demographics match residents demographics
Why is that necessary? Making everything equal is a flawed concept, life is not fair in its very nature. The only thing fair in life is we all die. If everything becomes equal you remove all natural selection. That is how we evolved, that is why capitalism lasted longer than communism, it allows things to fail based ability. If you truly believe in equity give all your money away to people less fortunate than you until you are at the level of an average in the world. Its easy to be generous with other peopl
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The "economy" has gotten markedly worse since Biden took office. Just look at Amazon, as a 'for instance': they're not hiring, paying as well, and have more control of their employees. People are not quitting jobs now, whereas at the end of the Trump economy we had amazing career mobility.
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From the last time we elected a Republican. We danced this Charleston every 8 years.
As opposed to dancing to his Raleigh?
The Middle Ground (Score:5, Interesting)
Treating employees as replaceable and disposable cogs is a poor strategy for employers. Treating jobs as temporary layovers is a bad strategy for employees. Some jobs deserve to be vacant because of the behaviour of those offering them. Some do not. Stability favours both camps. Especially if you are skilled labour. You get to mentor, for one thing, and that really matters. And quitting over minor stuff like not liking your boss is just dumb. Unless there's toxicity, suck it up.
I think it's perfectly reasonable for duration of previous positions to be a significant factor in hiring decisions. Works both ways, of course, a consultancy may love seeing many engagements,
That 1.1 ratio of seekers to jobs is meaningless. The skew by industry is more important.
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You're speaking out of both sides of your mouth on this.
"Treating jobs as temporary layovers is a bad strategy for employees." vs "Some jobs deserve to be vacant because of the behaviour of those offering them."
It's simple as this: in order to simply maintain the same standard of living a person needs to make an average of 3% more every year (assuming you buy the government's - bullshit low - inflation numbers). In reality, it's closer to 7-12% - both by alternative measurements, and my own calculations on
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"You're speaking out of both sides of your mouth on this."
No... I'm presenting two views on it. Both are valid. If you want one single easy point, go elsewhere.
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Hmm. My personal experience is that every job I left so far (I was never fired and I do not expect that to happen), they made a credible attempt to keep me. But I am sure that is not universal. Still, anybody that at least tries to do a good job and has some talent and skill is probably a real loss and difficult to replace. No idea how large that part of the workforce actually is though. What is clear that whoever sees workers as replaceable gets less and less access to that good part tough and whoever they
They call it urology, but it's not MY ology. (Score:1)
Re:They call it urology, but it's not MY ology. (Score:4, Informative)
Indeed, many aspects of work have just gotten slowly and steadily worse. The amount of technology noise is wearying, dozens of different portals to log into a few times a year. No offense to the WFH crowd, but mixed in-person with remote meetings just exhaust me. Being in an office when half the people around you are on a conference call from their cubes is maddening if like me you don’t really want to live inside your noise canceling headphones. All the administrivia what used to be handled by an admin is a chore shoved back onto the worker bees, usually in the form of so e portal you flail around with a few times a year after work travel or for minor reimbursement.
Monitoring has so far not hit me, but constant paranoia has got to be exhausting. Hard to be creative and do deep work with HAL constantly staring over your shoulder.
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Re:They call it urology, but it's not MY ology. (Score:5, Interesting)
I've been in the same job aver 15 years :-) Closer to retirement it gets harder to leave, and there's inertia. A close relative has been trying to job hop in the last few years, and is quite qualified with a lot of experience, but there appear to be age issues. Ageism is alive and well. "If you're that old, why aren't you a manager yet?"
Also, what do I get with a new job? More work and longer hours for slightly more pay am? I'm happy where I am. My boss treats me well, gives me plenty of time off to deal with family issues.
Also the work environment out there has changed. Nobody wants good programmers in the US, when they can hire 5 mediocre workers overseas to do a crappy job (that they then hire more workers to fix, more workers to document, etc. I am seeing this happen.
My saving grace is that I'm doing low level embedded programming and design, and you can't replace that with low-code/no-code/ai-code.
Jerome Powell got what he wanted (Score:2, Insightful)
which was to bring the labor market to heel (i.e. undermine workers and their value). He just got it a bit late.
https://www.cbsnews.com/news/f... [cbsnews.com]
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Employment and inflation go together. Wh
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If the job numbers were great, the BLS would not have had to put out fake establishment survey numbers that they had to revise again, and again.. and again. I take the inflation numbers, based on a carefully curated basket of things made to look as glowy as possible, just as seriously as the unemployment numbers which famously don't include people who haven't been actively looking for work in the last month.
But my point was not my own assessment, my point is that Powell clearly expressed that he wants to p
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If you have companies bidding up the price of labor, what you end up with is inflation that offsets the wage gains. That's not beneficial to anybody and is, in many ways, harmful. The way to increased prosperity is increased product
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I am complaining that the establishment survey numbers were revised months after the fact on several occasions now. This is one of multiple stories, not even the most recent. 800k jobs vanished in a flash.
https://www.cnn.com/2024/08/21... [cnn.com]
Just look at the number of revisions listed by BLS after 2023-01-01 vs. before it
https://www.google.com/search?... [google.com]
"Powell never once use the phrase "put the boot to workers."
This was absolutely Powell's rhetoric, and stated intention. Media coverage only a couple years ago
End of an era (Score:2, Interesting)
With the installment of cronies at the NLRB. You will not find these companies very amenable to promoting positive labor relations. If you find yourself at a toxic workplace, there will soon be little you can do about it. Because even quitting isn't going to prevent retaliation under the new regime.
The corporate hegemony is here. America is a vassal of the kingdoms of FAANG (or whatever acronym we use for big tech now).
Less Reason to Hop (Score:5, Insightful)
One thing lost of the explanations offered is the decline in inflation. Most large employers work hard to keep a lid on compensation increases. Simply keeping up with inflation is rare in the best of times. I was at the same job from 2013 to 2022 and despite getting raises most years and being promoted twice, I did the math and saw that my real wages had declined over the period. Because of corporate resistance to meaningful raises, the only way to get a big raise is to switch employers. In 2022-23, inflation was running close to double digits and the only way to keep up was to look for another job. Even though I actually liked my employer, I went ahead and got another offer for 20% more, which finally got me back up to market rates for my position. Today, inflation has cooled to just over the fed target, and it's actually possible to get raises that at least keep up with inflation. There's no longer the same imperative to find another job just to keep up with inflation.
For what it's worth, the labor market is no longer-red hot, but it's not ice cold except for certain locations/industries (unfortunately, it's most cold in industries frequented by slashdotters). I was pleasantly surprised to have a very easy job seeking experience when I looked this last fall due to a corporate buyout (I am not in tech). It was five applications, two full interviews (two rounds each), and a reasonable offer in a period of six weeks.
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What was your average annual raise?
I've done the math, and I've gotten about 6.5% y/y raises by jumping jobs. Not great, but I've also got some levity in picking which jobs I want to do and who I want to work with - it keeps things fresh and interesting. Even still, I've struggled to maintain the same quality of living I had years ago due to real inflation outpacing the published number (significantly so).
If I'd ever gotten a cost of living increase that matched the actual cost of living I'd have stayed...
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Within the same job, my raise ranged from 0% (bad year for the company so salaries frozen) to 7% (promotion year). Average was somewhere in the 2-4% range. The new offer was for 20% more.
"Real inflation outpacing the published number" is going to be highly personal. Someone who owns a house they purchased 10 years ago and owns a 5 year old car outright with plenty of life left is going to feel inflation a lot less than someone house hunting now who needs a new car. Likewise, inflation is greater for things
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Ouch - 7% on a promotion is insulting.
I haven't moved jobs without a 20% difference, which covers about 2-3 years of inflation.
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That's 2-3 years of 2021-23 level inflation, hadn't been seen since the early 1980s. Part of the reason why my salary hadn't really kept up with inflation was that it had not kept up with that spike. The decade prior was around 2-3% inflation, which would make 2-3 years a lot more than 20%.
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I should add, that for me, the past 5 years (no new expenses, economical house at 3%) has been significantly more financially difficult than it was for me 5-10 years ago (making significantly less with a similar lifestyle but a new car and buying a house in there too). I had kids to pay for then, and do not now, as well. Everything is tighter. I feel like I went from "upper middle class" to "struggling middle class". I don't carry debt.
It's not just because of jobs (Score:5, Insightful)
The housing market makes it difficult to move, so no one wants to do that
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Re:It's not just because of jobs (Score:5, Insightful)
It's not just the interest rate, it's the cost. And that's just since 2021.
We've seen $200k houses balloon to $500k; $500k balloon to $2m in most markets.
You still can't build a new house for the cost of a used house, in most markets: so all new houses are more expensive still.
A 200k house at 3% is a mile of difference from even a 200k house at 7% - and those 2020 housing prices were comparably high historically to what our fathers and their fathers had available to them, vs income. Just forget a 2m house at 7% - very few can even conceive of affording that, and that 2m house is in many cases just a common "middle class" family home from the 1970s.
That part is likely to get worse before it gets better.
Looks Towards The Future (Score:2)
[shakes Magic 8-Ball]
Better not tell you now
George Carlin (Score:2)
This rant is about why education sucks in the U.S. but seems pertinent here as it relates to oppression of the workers by our rich, corporate owners -- i.e. oligarchs, or more recently "broligarchs" -- and may be more accurate and depressing now than when Carlin first said this.
Why Education Sucks: video [youtube.com], transcript [goodreads.com].
Er (Score:1)
Americans quit 39.6 million jobs in 2024, an 11% drop from 2023 and 22% below the 2022 peak
A 22% drop in something is "kissing something goodbye"?
Re: (Score:2)
What leads you to believe helping was the intent?
Re: You Don't Say (Score:2)
The jobs aren't with slashdot, they are with B!zX. Exclamation point used because they put their company name in the word filter to discourage us from talking about them when we complain that the site is going to shit more and more day by day as they entwitterfy it. They are cryptocurrency pushers. That's what this place is for now.
I doubt they are hiring either though, the more people you bring into a scam, the smaller the shares
Re: (Score:2)
this would just result in a stagnant front page.
How could we tell the difference?
Re: (Score:2)
What leads you to believe I care about their intent?
Your whining about it.
Re:You Don't Say (Score:5, Insightful)
Umm... the IT job market has been total crap for at least a year now. This has little do to with Trump (but he certainly isn't helping), but with Big Tech CEO's starting to believe their own marketing materials about how AI can generate all of your code and documentation for you. They've convinced themselves that you don't as need many real people anymore to get projects complete anymore.
Re: (Score:2)
Yeah, but AI can generate a perfectly usable web-based snake game. How much harder can it be to generate a complete production CMS with security levels, version management, A/B testing, backups, and redundancy from there? I have a number of theories:
- Theory A: All the AI codegen companies simply forgot to fire all their now-redundant engineers.
- Theory B: The codegen hit a ceiling on anything that's not relatively simple web apps.
- Theory C: It's Stack Overflow in a shiny wrapper.
Look, these AI codegens an