3 ms·

fwiw here in europe I don't think you - or anyone - is going to find a job online any more, and even through networking it's very unlikely to find a job, since

fwiw here in europe I don't think you - or anyone - is going to find a job online any more, and even through networking it's very unlikely to find a job, since there are virtually no (real) openings any more. Basically nobody is hiring, and those who are, aren't paying anything worthwhile.

ZoomerCretin 2y ago
> and those who are, aren't paying anything worthwhile. That is the entire goal of interest rate tightening. To impoverish the masses until much lower wages are finally considered "worthwhile." Look at the incredibly strong and quick knee-jerk reaction in 2021 to enhanced unemployment schemes as soon as the vaccines went out. Employers wanted to hire at the same low rates of pay, but couldn't find enough workers of sufficient quality, so all levels of government treated this as a policy emergency: they cut unemployment, they cut food stamps and many social programs, they lowered the legal age at which you can work at all, work dangerous jobs, and work overnights, and the Federal Reserve illegally defied its mandate to maintain full-employment first, and then a *3%* inflation target when it jacked rates up very quickly.
- ericd 2y ago
  It’s largely to slow lending and credit creation. They’ve got a difficult balancing act to perform, especially since cheap money is a lot more politically popular than the alternative, partly because many people focus on the part where the higher rates makes their debt more expensive, or that it causes lowered employment, like you seem to be. And maintaining low rates also does things like raise asset prices, as people borrow more to pump up their leverage and returns, people spend more, companies make more, and they hire more, people make more, etc, and people generally feel a lot better about that than austerity/saving/laying low. Unfortunately, it also leads to a lot of malinvestment, where people work on a lot of ultimately useless stuff, and that tends to make countries long-term poorer than being more prudent.
lifestyleguru 2y ago
> Basically nobody is hiring, and those who are, aren't paying anything worthwhile. Your mistake is that you expect the job to pay for housing, and that the housing is available in the surroundings of the job. There needs to be some brutal EU-wide legislation preventing hoarding of real state and making it a miserable investment. Overall I agree, nobody is hiring right now.
- ZoomerCretin 2y ago
  > hoarding of real state and making it a miserable investment. Homeowners are a powerful voting bloc and do not want this. Many EU states also have excessive rent control, which creates another powerful voting bloc who also is opposed to any change in the housing market. There is only ever one problem that makes housing too expensive: zoning restrictions that make it illegal to build huge volumes of cheap housing. There's a huge amount of evidence to support this, and very little evidence to support any other theory. Even in towns with a lot of tourism and AirBnBs, the problem is a lack of hotels (which are almost always superior to paying a cleaning fee and then having to clean your room yourself).
williamdclt 2y ago
I went into the job market a few months ago. Applied to 15 companies (all online, all offering salary within my highish expectations), went into the interviewing process for 7, finished 5 and got 4 offers (although a couple were for a lower role than I applied to). A number of friends have also recently found a job online. It’s very anecdotal of course, but it’s just not true that nobody finds jobs online anymore. Data points for the interested reader: fullstack web engineer, L5-L6 level, UK.

ZoomerCretin 2y ago

> and those who are, aren't paying anything worthwhile. That is the entire goal of interest rate tightening. To impoverish the masses until much lower wages are finally considered "worthwhile." Look at the incredibly strong and quick knee-jerk reaction in 2021 to enhanced unemployment schemes as soon as the vaccines went out. Employers wanted to hire at the same low rates of pay, but couldn't find enough workers of sufficient quality, so all levels of government treated this as a policy emergency: they cut unemployment, they cut food stamps and many social programs, they lowered the legal age at which you can work at all, work dangerous jobs, and work overnights, and the Federal Reserve illegally defied its mandate to maintain full-employment first, and then a *3%* inflation target when it jacked rates up very quickly.

ericd 2y ago
It’s largely to slow lending and credit creation. They’ve got a difficult balancing act to perform, especially since cheap money is a lot more politically popular than the alternative, partly because many people focus on the part where the higher rates makes their debt more expensive, or that it causes lowered employment, like you seem to be. And maintaining low rates also does things like raise asset prices, as people borrow more to pump up their leverage and returns, people spend more, companies make more, and they hire more, people make more, etc, and people generally feel a lot better about that than austerity/saving/laying low. Unfortunately, it also leads to a lot of malinvestment, where people work on a lot of ultimately useless stuff, and that tends to make countries long-term poorer than being more prudent.

lifestyleguru 2y ago

> Basically nobody is hiring, and those who are, aren't paying anything worthwhile. Your mistake is that you expect the job to pay for housing, and that the housing is available in the surroundings of the job. There needs to be some brutal EU-wide legislation preventing hoarding of real state and making it a miserable investment. Overall I agree, nobody is hiring right now.

ZoomerCretin 2y ago
> hoarding of real state and making it a miserable investment. Homeowners are a powerful voting bloc and do not want this. Many EU states also have excessive rent control, which creates another powerful voting bloc who also is opposed to any change in the housing market. There is only ever one problem that makes housing too expensive: zoning restrictions that make it illegal to build huge volumes of cheap housing. There's a huge amount of evidence to support this, and very little evidence to support any other theory. Even in towns with a lot of tourism and AirBnBs, the problem is a lack of hotels (which are almost always superior to paying a cleaning fee and then having to clean your room yourself).

williamdclt 2y ago

I went into the job market a few months ago. Applied to 15 companies (all online, all offering salary within my highish expectations), went into the interviewing process for 7, finished 5 and got 4 offers (although a couple were for a lower role than I applied to). A number of friends have also recently found a job online. It’s very anecdotal of course, but it’s just not true that nobody finds jobs online anymore. Data points for the interested reader: fullstack web engineer, L5-L6 level, UK.