5 ms·

This should probably be titled "Record number of American hourly workers got a raise in November." From the article: "Nick Bunker, research director at the Ind

This should probably be titled "Record number of American hourly workers got a raise in November." From the article: "Nick Bunker, research director at the Indeed Hiring Lab, noted that quits were high in the low-wage hotel and restaurant industries. 'Lots of quits means stronger worker bargaining power which will likely feed into strong wage gains,' he said. 'Wage growth was very strong in 2021, and ... we might see more of the same in 2022.'" So I suspect what we're seeing is a bunch of hourly workers moving laterally to another employer for better pay, and their replacement being hired at a higher rate to stay competitive.

obviousreason 5y ago
That's the narrative being pushed by the lying news media, but out here in the real world, there are NO jobs. Most job listings are fake, and people sometimes go to 5-6 interviews only to be told they didn't get the (fake) job. That's after putting in dozens or hundreds of applications and getting no response. The only jobs that seem to be available are $15/hr bullshit which is essentially minimum wage, with inflation having destroyed the dollar; literally 50% of all U.S. dollars in existence were printed over the past 22 months. There are help wanted signs everywhere and burger flipping jobs paying signing bonuses, and they still can't find employees, because people are sick of the mask/vaccine bullshit and would much rather stay at home and sling weed and/or gamble in the stock market.
defaultprimate 5y ago
Wage growth was not strong compared to inflation
- vannevar 5y ago
  Probably so. But as long is there is wage growth for hourly workers, however modest, the scenario where a worker at Business A earning $10/hr quits to take a job at Business B to make $11 will happen frequently enough to generate these kinds of stories.

5 ms·

This should probably be titled "Record number of American hourly workers got a raise in November." From the article: "Nick Bunker, research director at the Ind

by vannevar 5y ago

obviousreason 5y ago
That's the narrative being pushed by the lying news media, but out here in the real world, there are NO jobs. Most job listings are fake, and people sometimes go to 5-6 interviews only to be told they didn't get the (fake) job. That's after putting in dozens or hundreds of applications and getting no response. The only jobs that seem to be available are $15/hr bullshit which is essentially minimum wage, with inflation having destroyed the dollar; literally 50% of all U.S. dollars in existence were printed over the past 22 months. There are help wanted signs everywhere and burger flipping jobs paying signing bonuses, and they still can't find employees, because people are sick of the mask/vaccine bullshit and would much rather stay at home and sling weed and/or gamble in the stock market.
defaultprimate 5y ago
Wage growth was not strong compared to inflation
- vannevar 5y ago
  Probably so. But as long is there is wage growth for hourly workers, however modest, the scenario where a worker at Business A earning $10/hr quits to take a job at Business B to make $11 will happen frequently enough to generate these kinds of stories.