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I am not happy for the economic downturn, as lots of people will lose jobs, more people will die of hunger, people will lose their houses. On the other hand th

I am not happy for the economic downturn, as lots of people will lose jobs, more people will die of hunger, people will lose their houses. On the other hand there is a silver lining in all the bad… all the useless over hyped techs will finally be seen for what they are

ChuckNorris89 4y ago
>lots of people will lose jobs Isn't employment at highest rate ever? At least that's what I keep hearing.
- deleted 4y ago
  [deleted]
- nosianu 4y ago
  Here in Germany we get yet another "we need much more immigration because of labor shortage" article in the major news media at least every week, I saw even more than that the last two weeks with at least three in Zeit and Spiegel the last week, on the top of the homepage each time. Just today (paywall, German): https://www.zeit.de/politik/2022-12/fachkraefteeinwanderung-bundesregierung-haeufigste-fragen-faq https://www.zeit.de/politik/2022-12/fachkraefteeinwanderung-... -- or https://www.manager-magazin.de/unternehmen/iw-studie-fachkraeftemangel-gefaehrdet-energiewende-a-7e3c1c72-c105-4844-9664-d69db9493623 https://www.manager-magazin.de/unternehmen/iw-studie-fachkra... Of course, also every time they completely ignore 80% of what the comments say, from individual experiences of qualified people looking for a job to arguments about not seeing any increase in compensation, asking how that can be if there's a market. I myself remember not long ago meeting a young university-qualified engineer with a few years of experiences still having to work for a body-lease shop, moving him between different employers every year, so that they can avoid actually hiring such engineers. Or the bad working conditions in craft jobs, where there really is a large unmet demand, but it's still extremely unattractive to enter this market. I find the lack of any reaction to the overwhelming feedback they get every single time to these articles more than a bit suspicious. They repeat the exact same message without the slightest change. Maybe quoting a different person (always from an employer organization) and using slightly different sentences, not an exact reprint, but definitely the exact content every time. I have no doubt that some companies have trouble finding the right people, but I also have no doubt that there is something seriously wrong on a deeper level. Unfortunately the media are no help trying to shed some light on the deeper and more complex issues.
  - ls15 4y ago
    There is a (real) shortage of nurses, but not necessarily of blockchain engineers.
    - danrocks 4y ago
      Bitcoin solves that.
    - ChuckNorris89 4y ago
      The shortage of nurses in European countries is caused by the poor pay, long hours and high stress working conditions in the overburdened and underfunded public healthcare system, not by the lack of qualified personnel. After Covid, thanks to remote work as well, many nurses switched careers to something that pays better or has more reasonable hours and flexibility. We have enough qualified people that could do the nursing job but not enough of them are willing to do it, making it basically an artificial self inflicted shortage. Private healthcare facilities had no shortage of nurses as they can charge customers whatever the current market rate is, not what the government says it should be. Increased pay and working conditions could cause nurses to return to the public sector, but then the question is "where money from?"
      - mjhay 4y ago
        I don't think you were making this argument, but the private healthcare system in the US is suffering a nursing "shortage" as well, so it shouldn't be taken as a truism that in the private sector, the wages and conditions simply improve enough to balance the supply of nurses.
    - nosianu 4y ago
      Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the price to meet the demand, meaning higher wages. My point was not that there are no shortages, but that the writers of the many articles about it are deaf to any feedback and only promote the exact same talking points without change. The "pro markets" side has always been quick to point to "the market" - but strangely, they completely ignore it when it comes to employment, where the market does not seem to work at all. Price seems to be decoupled from demand and those same pro-market voices ignore any and all questions about that phenomenon.
Reason077 4y ago
It almost seems like we need a decent recession every few decades to flush out all the nonsense and get the global economy to focus its resources and innovation back on things that really make a difference.
- SoftTalker 4y ago
  Unfortunately what usually happens to get the global economy going again is a major war.

ChuckNorris89 4y ago

>lots of people will lose jobs Isn't employment at highest rate ever? At least that's what I keep hearing.

deleted 4y ago
[deleted]
nosianu 4y ago
Here in Germany we get yet another "we need much more immigration because of labor shortage" article in the major news media at least every week, I saw even more than that the last two weeks with at least three in Zeit and Spiegel the last week, on the top of the homepage each time. Just today (paywall, German): https://www.zeit.de/politik/2022-12/fachkraefteeinwanderung-bundesregierung-haeufigste-fragen-faq https://www.zeit.de/politik/2022-12/fachkraefteeinwanderung-... -- or https://www.manager-magazin.de/unternehmen/iw-studie-fachkraeftemangel-gefaehrdet-energiewende-a-7e3c1c72-c105-4844-9664-d69db9493623 https://www.manager-magazin.de/unternehmen/iw-studie-fachkra... Of course, also every time they completely ignore 80% of what the comments say, from individual experiences of qualified people looking for a job to arguments about not seeing any increase in compensation, asking how that can be if there's a market. I myself remember not long ago meeting a young university-qualified engineer with a few years of experiences still having to work for a body-lease shop, moving him between different employers every year, so that they can avoid actually hiring such engineers. Or the bad working conditions in craft jobs, where there really is a large unmet demand, but it's still extremely unattractive to enter this market. I find the lack of any reaction to the overwhelming feedback they get every single time to these articles more than a bit suspicious. They repeat the exact same message without the slightest change. Maybe quoting a different person (always from an employer organization) and using slightly different sentences, not an exact reprint, but definitely the exact content every time. I have no doubt that some companies have trouble finding the right people, but I also have no doubt that there is something seriously wrong on a deeper level. Unfortunately the media are no help trying to shed some light on the deeper and more complex issues.
- ls15 4y ago
  There is a (real) shortage of nurses, but not necessarily of blockchain engineers.
  - danrocks 4y ago
    Bitcoin solves that.
  - ChuckNorris89 4y ago
    The shortage of nurses in European countries is caused by the poor pay, long hours and high stress working conditions in the overburdened and underfunded public healthcare system, not by the lack of qualified personnel. After Covid, thanks to remote work as well, many nurses switched careers to something that pays better or has more reasonable hours and flexibility. We have enough qualified people that could do the nursing job but not enough of them are willing to do it, making it basically an artificial self inflicted shortage. Private healthcare facilities had no shortage of nurses as they can charge customers whatever the current market rate is, not what the government says it should be. Increased pay and working conditions could cause nurses to return to the public sector, but then the question is "where money from?"
    - mjhay 4y ago
      I don't think you were making this argument, but the private healthcare system in the US is suffering a nursing "shortage" as well, so it shouldn't be taken as a truism that in the private sector, the wages and conditions simply improve enough to balance the supply of nurses.
  - nosianu 4y ago
    Yes, as I said, shortages may be real - however, the media don't react at all to the numerous people raising the question of why there is no increase in the price to meet the demand, meaning higher wages. My point was not that there are no shortages, but that the writers of the many articles about it are deaf to any feedback and only promote the exact same talking points without change. The "pro markets" side has always been quick to point to "the market" - but strangely, they completely ignore it when it comes to employment, where the market does not seem to work at all. Price seems to be decoupled from demand and those same pro-market voices ignore any and all questions about that phenomenon.

Reason077 4y ago

It almost seems like we need a decent recession every few decades to flush out all the nonsense and get the global economy to focus its resources and innovation back on things that really make a difference.

SoftTalker 4y ago
Unfortunately what usually happens to get the global economy going again is a major war.