5 ms·

Not catastrophic, but probably a sign that jobs are shrinking instead of growing and so good market information if you were thinking about getting promoted or m

Not catastrophic, but probably a sign that jobs are shrinking instead of growing and so good market information if you were thinking about getting promoted or moving around?

nxm 1y ago
Rather, a correction for over hiring during periods of low-interest rates and excessive money printed which promoted & rewarded hiring just to be compretitive
- WOTERMEON 1y ago
  Still. Less jobs on the market
- magicalist 1y ago
  > correction for over hiring during periods of low-interest rates It's been three years since that though, and five years since covid. That's why we say "AI" now. Just make sure you don't say "executive incompetence".
  - whamlastxmas 1y ago
    I don't think it's incompetence, I think it's planned, merciless strategy. It costs nearly nothing to fire a ton of people, so why not hire a bunch with free money and dump them as soon as the free money disappears
    - johnnyanmac 1y ago
      Yeah pretty much. This is just late stage capitalism, and the working class seem to just be shrugging at it instead of what theyr forefathers did in reaction.
- Esophagus4 1y ago
  Plus, possibly some forward-looking positioning for a future where automation drives leaner companies with fewer employees per dollar of revenue.
- jalapenos 1y ago
  I mean, may as well just point back to the 2000 tech bubble if we're going to keep nodding our heads at that line
tirant 1y ago
Numbers do not support that. Jobs might be shrinking within Amazon, but globally the situation is the opposite. Population is still growing, 25% the last 20 years (trend that is slowly reversing), and unemployment rates are the lowest at global scale (~4,9% for 2024, lowest historically, down from 6.0% in 2005). That's around ~1.0 billion more jobs in 2024 compared to 2005. [1] https://www.ilo.org/resource/news/ilo-expects-global-unemployment-drop-slightly-2024-slow-progress-reduce https://www.ilo.org/resource/news/ilo-expects-global-unemplo... [2] https://www.ilo.org/resource/news/ilo-annual-jobs-report-says-global-unemployment-continues-grow-youth-now https://www.ilo.org/resource/news/ilo-annual-jobs-report-say... [3] https://www.worldometers.info/world-population/ https://www.worldometers.info/world-population/
- johnnyanmac 1y ago
  Easy for jobs to be created in Asia if they are being moved from North America. That doesn't say much by itself.
- Hendrikto 1y ago
  Most jobs are not interchangeable, especially globally. What good does it do me if India creates 30k new teller positions in supermarkets? Also, even in the US, they use things like gig work to make the numbers look better. Sure, some jobs were created while others were lost, but taking on Doordash in addition to Uber is no replacement for a lost management / marketing / sales position at Amazon.
- rafaelmn 1y ago
  > Population is still growing I think the relevant number here is working age population.
- christina97 1y ago
  It makes no sense to look at global averages for the employment market.

Not catastrophic, but probably a sign that jobs are shrinking instead of growing and so good market information if you were thinking about getting promoted or moving around?

nxm 1y ago

Rather, a correction for over hiring during periods of low-interest rates and excessive money printed which promoted & rewarded hiring just to be compretitive

WOTERMEON 1y ago
Still. Less jobs on the market
magicalist 1y ago
> correction for over hiring during periods of low-interest rates It's been three years since that though, and five years since covid. That's why we say "AI" now. Just make sure you don't say "executive incompetence".
- whamlastxmas 1y ago
  I don't think it's incompetence, I think it's planned, merciless strategy. It costs nearly nothing to fire a ton of people, so why not hire a bunch with free money and dump them as soon as the free money disappears
  - johnnyanmac 1y ago
    Yeah pretty much. This is just late stage capitalism, and the working class seem to just be shrugging at it instead of what theyr forefathers did in reaction.
Esophagus4 1y ago
Plus, possibly some forward-looking positioning for a future where automation drives leaner companies with fewer employees per dollar of revenue.
jalapenos 1y ago
I mean, may as well just point back to the 2000 tech bubble if we're going to keep nodding our heads at that line

tirant 1y ago

Numbers do not support that. Jobs might be shrinking within Amazon, but globally the situation is the opposite. Population is still growing, 25% the last 20 years (trend that is slowly reversing), and unemployment rates are the lowest at global scale (~4,9% for 2024, lowest historically, down from 6.0% in 2005). That's around ~1.0 billion more jobs in 2024 compared to 2005. [1] https://www.ilo.org/resource/news/ilo-expects-global-unemployment-drop-slightly-2024-slow-progress-reduce https://www.ilo.org/resource/news/ilo-expects-global-unemplo... [2] https://www.ilo.org/resource/news/ilo-annual-jobs-report-says-global-unemployment-continues-grow-youth-now https://www.ilo.org/resource/news/ilo-annual-jobs-report-say... [3] https://www.worldometers.info/world-population/ https://www.worldometers.info/world-population/

johnnyanmac 1y ago
Easy for jobs to be created in Asia if they are being moved from North America. That doesn't say much by itself.
Hendrikto 1y ago
Most jobs are not interchangeable, especially globally. What good does it do me if India creates 30k new teller positions in supermarkets? Also, even in the US, they use things like gig work to make the numbers look better. Sure, some jobs were created while others were lost, but taking on Doordash in addition to Uber is no replacement for a lost management / marketing / sales position at Amazon.
rafaelmn 1y ago
> Population is still growing I think the relevant number here is working age population.
christina97 1y ago
It makes no sense to look at global averages for the employment market.