3 ms·

This screencap just about sums it up: https://pbs.twimg.com/media/EVMnSzMUYAMW4n8?format=jpg https://pbs.twimg.com/media/EVMnSzMUYAMW4n8?format=jpg It's not of

by derg 6y ago

This screencap just about sums it up: https://pbs.twimg.com/media/EVMnSzMUYAMW4n8?format=jpg https://pbs.twimg.com/media/EVMnSzMUYAMW4n8?format=jpg It's not often you see an image and immediately think "yep, that'll be in some history book in short order". Just utterly divorced and a sign of a _very_ healthy society... If you can't see it: An image with "Dow's Best Week Since 1938" on a graphic while breaking news declares "More than 16 M Americans have lost jobs in 3 weeks"

owenversteeg 6y ago
Yeah, that'll definitely end up as an iconic image. For those that want a higher quality screenshot, I just took one: https://i.imgur.com/FzkO6W5.png https://i.imgur.com/FzkO6W5.png It's Jim Cramer's Mad Money on April 9th 2:00 in. (I do not recommend watching Cramer.)
- derg 6y ago
  Oh nice thanks! this one is much better.
PeterStuer 6y ago
Te irony is that in a better world this would be great news. 1'Due to great technical innovations, we were able to free up 16M FTE previously required to maintain our economy. We are continuing to redistribute what still needs to be done and expect starting next quarter the average required workweek can be shortened to 24 hours per person, leaving all much more time to leasure and pursue personal interests. The outlook for hitting the 20 hours/week milestone has been udated and is now expected to be reach in 14 months from now'. Instead neo-liberalism serves us this distopian neo-feudal regime that requires all to 'work more/work longer' just to slow our decline into near poverty while a select few 'rulers' horde all the fruits of progress.
- derg 6y ago
  It makes me so sad and angry that none of that is the case. A better world _is_ possible. I've been struggling with working life, especially in the midst of wfh during this pandemic and the common question I keep arriving at is: "what's the point in all this?" I don't claim to have it hard (I am so fortunate to have a steady job that allows me to work from home) but there's just a level of mental exhaustion and constant low level burnout that everyone is experiencing (especially amongst my cohorts/generation/friend group since that's my sample size) and it's just like... okay we have another what 40+ years of this? all for what? and that doesn't even apply to the people working those app jobs and doing physical labor, who no doubt have it worse than anyone else I know.
  - CapricornNoble 6y ago
    >>>there's just a level of mental exhaustion and constant low level burnout This, x1000. It's maddening. I work in a an understaffed military HQ that tries to do too many things, while suffering through 30-50% personnel turnover every summer. We plan exercises talking about "readiness" but it's like groundhog day...EVERY.DAMN.TIME. Nothing really changes, the organization is no better prepared to fight today than it was 3 years ago, and all it's doing is burning out the mid-career professionals we'll need to carry the force when the war eventually kicks off for real. Across industries, across geographies...we are living in an oppressive cyberpunk dystopia.
nightski 6y ago
The Dow is made up of 30 companies and is in no way reflective of the full economy. I don't see how that sums anything up at all.
- derg 6y ago
  I mean that's the point, no? The dow having a record day while tens millions are suddenly no longer employed demonstrates a disconnect between the two. Tens of millions out of work should spell disaster for companies, should it not?
  - nightski 6y ago
    First of all, you are ignoring the fact that the Dow dropped ~37% earlier in the year in response to what was happening. The market has never dropped that much so fast. Second, a great day means nothing if you look at how volatile the market has been lately. We are seeing large swings up and down on a regular basis. Third, there is no indication that tens of millions unemployed (which we are still figuring out how much of that is actually temporary vs. permanent) would necessarily immediately affect the large cap stocks in the Dow. These are companies like 3M, Apple, Caterpillar, etc... Lastly, just because the Dow is up significantly on a single day does not mean all the stocks in the Dow are doing great. We've been seeing handfuls of stocks carry indices upwards even though they also contain poor performers.
    - derg 6y ago
      You can "well akshually" me all you want, it still doesn't discount what I said. It's the juxtaposition of people celebrating the "best day since [x]" while tens of millions are losing jobs.
      - nightski 6y ago
        I'm just trying to say that a CNBC headline does not equal "people celebrating". If you watch it for a few days you'll see what I mean. Lately it feels like it has been "Best day since the great depression" followed by "Worst day since the great depression" every other day. They are very sensationalist.

by derg 6y ago

owenversteeg 6y ago

Yeah, that'll definitely end up as an iconic image. For those that want a higher quality screenshot, I just took one: https://i.imgur.com/FzkO6W5.png https://i.imgur.com/FzkO6W5.png It's Jim Cramer's Mad Money on April 9th 2:00 in. (I do not recommend watching Cramer.)

derg 6y ago
Oh nice thanks! this one is much better.

PeterStuer 6y ago

Te irony is that in a better world this would be great news. 1'Due to great technical innovations, we were able to free up 16M FTE previously required to maintain our economy. We are continuing to redistribute what still needs to be done and expect starting next quarter the average required workweek can be shortened to 24 hours per person, leaving all much more time to leasure and pursue personal interests. The outlook for hitting the 20 hours/week milestone has been udated and is now expected to be reach in 14 months from now'. Instead neo-liberalism serves us this distopian neo-feudal regime that requires all to 'work more/work longer' just to slow our decline into near poverty while a select few 'rulers' horde all the fruits of progress.

derg 6y ago
It makes me so sad and angry that none of that is the case. A better world _is_ possible. I've been struggling with working life, especially in the midst of wfh during this pandemic and the common question I keep arriving at is: "what's the point in all this?" I don't claim to have it hard (I am so fortunate to have a steady job that allows me to work from home) but there's just a level of mental exhaustion and constant low level burnout that everyone is experiencing (especially amongst my cohorts/generation/friend group since that's my sample size) and it's just like... okay we have another what 40+ years of this? all for what? and that doesn't even apply to the people working those app jobs and doing physical labor, who no doubt have it worse than anyone else I know.
- CapricornNoble 6y ago
  >>>there's just a level of mental exhaustion and constant low level burnout This, x1000. It's maddening. I work in a an understaffed military HQ that tries to do too many things, while suffering through 30-50% personnel turnover every summer. We plan exercises talking about "readiness" but it's like groundhog day...EVERY.DAMN.TIME. Nothing really changes, the organization is no better prepared to fight today than it was 3 years ago, and all it's doing is burning out the mid-career professionals we'll need to carry the force when the war eventually kicks off for real. Across industries, across geographies...we are living in an oppressive cyberpunk dystopia.

nightski 6y ago

The Dow is made up of 30 companies and is in no way reflective of the full economy. I don't see how that sums anything up at all.

derg 6y ago
I mean that's the point, no? The dow having a record day while tens millions are suddenly no longer employed demonstrates a disconnect between the two. Tens of millions out of work should spell disaster for companies, should it not?
- nightski 6y ago
  First of all, you are ignoring the fact that the Dow dropped ~37% earlier in the year in response to what was happening. The market has never dropped that much so fast. Second, a great day means nothing if you look at how volatile the market has been lately. We are seeing large swings up and down on a regular basis. Third, there is no indication that tens of millions unemployed (which we are still figuring out how much of that is actually temporary vs. permanent) would necessarily immediately affect the large cap stocks in the Dow. These are companies like 3M, Apple, Caterpillar, etc... Lastly, just because the Dow is up significantly on a single day does not mean all the stocks in the Dow are doing great. We've been seeing handfuls of stocks carry indices upwards even though they also contain poor performers.
  - derg 6y ago
    You can "well akshually" me all you want, it still doesn't discount what I said. It's the juxtaposition of people celebrating the "best day since [x]" while tens of millions are losing jobs.
    - nightski 6y ago
      I'm just trying to say that a CNBC headline does not equal "people celebrating". If you watch it for a few days you'll see what I mean. Lately it feels like it has been "Best day since the great depression" followed by "Worst day since the great depression" every other day. They are very sensationalist.