4 ms·

Cribbing from Eric Weinstein: there are no labor shortages in (reasonably) free markets. There are just supply/demand mismatches, especially through the pricing

by alfl 4y ago

Cribbing from Eric Weinstein: there are no labor shortages in (reasonably) free markets. There are just supply/demand mismatches, especially through the pricing mechanism. Wages in real terms have been stagnant since the early-mid 70s. We probably, generally, need to pay workers more.

dumpsterlid 4y ago
I love not being able to be self sufficient in my 30s because I get paid shit and then being told by the fed that inflation is being caused by people like me getting paid too much. I almost ended my life 2 years ago because of feeling hopeless about ever being able to earn enough money to have a decent quality of life that I could provide myself, I hate centrist democrats (i.e. republican-lite)
- sidewndr46 4y ago
  Ironically from what I understand in Germany the government claims the opposite is the problem: individuals save too much money. This has led to a requirement that all bank accounts have a negative interest rate, which effectively bans saving money.
  - Ancalagon 4y ago
    Wow. That's horrible. Imagine trying to save for a home. jesus.
    - propagandist 4y ago
      Pretty sure that's not how it works for individual accounts.
    - sidewndr46 4y ago
      Exactly the point individuals have made: https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601 https://www.wsj.com/articles/banks-in-germany-tell-customers... > 34-year-old said, adding that he plans to use the money to buy a house before the birth of his second child this year
  - hotpotamus 4y ago
    Historically speaking, being miserly has often been considered unattractive.
sidewndr46 4y ago
To paraphrase that into a more easily understandable point: All construction companies bemoan the shortage of skilled welders willing to work long hours in remote locations for $12/hr without overtime pay.
yucky 4y ago
Obligatory: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/

by alfl 4y ago

dumpsterlid 4y ago

I love not being able to be self sufficient in my 30s because I get paid shit and then being told by the fed that inflation is being caused by people like me getting paid too much. I almost ended my life 2 years ago because of feeling hopeless about ever being able to earn enough money to have a decent quality of life that I could provide myself, I hate centrist democrats (i.e. republican-lite)

sidewndr46 4y ago
Ironically from what I understand in Germany the government claims the opposite is the problem: individuals save too much money. This has led to a requirement that all bank accounts have a negative interest rate, which effectively bans saving money.
- Ancalagon 4y ago
  Wow. That's horrible. Imagine trying to save for a home. jesus.
  - propagandist 4y ago
    Pretty sure that's not how it works for individual accounts.
  - sidewndr46 4y ago
    Exactly the point individuals have made: https://www.wsj.com/articles/banks-in-germany-tell-customers-to-take-deposits-elsewhere-11614594601 https://www.wsj.com/articles/banks-in-germany-tell-customers... > 34-year-old said, adding that he plans to use the money to buy a house before the birth of his second child this year
- hotpotamus 4y ago
  Historically speaking, being miserly has often been considered unattractive.

sidewndr46 4y ago

To paraphrase that into a more easily understandable point: All construction companies bemoan the shortage of skilled welders willing to work long hours in remote locations for $12/hr without overtime pay.

yucky 4y ago

Obligatory: https://wtfhappenedin1971.com/ https://wtfhappenedin1971.com/