Getting A Raise Just Got Even Tougher
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- Опубліковано 12 тра 2024
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The reported jobs numbers are all B.S. They changed the way they report the numbers, so part-time jobs are now reported the same as full-time jobs in the headline number.
The jobs being added are only part-time jobs. The Layoffs are full time jobs.
Yep working one day a month is "employed"
Layoffs have absolutely been rising. It feels like almost every day that I hear about someone getting laid off.
Yup, I know at work our biggest customer, has been quite active with that, something like 1000 jobs in the last month. With more to come
THEN THE GOVERNMENT SAYS THE ECONOMY HAS NEVER BEEN BETTER. AND SOME PEOPLE BELIEVE IT! HAHAHA.
@@8MunchenBayern8 yup
2025 is going to be scary 😨
Your data source is correct. Haven’t had a raise the last two years and this year looks like the same. Im in tech and yes my employer is outsourcing customer service department and engineering to another country. Ahhhh I need a new job.
Same here.
I guess I shouldn't complain then. I was just at my job one year & had an excellent eval but only 1.06% raise. I couldn 't believe it & thought McDonalds gave me a better raise decades ago than what I just got. Good thing I have a small side gig making extra money.
@@dixiegirl999 Definitely complain. Just saying there are alot of us in the same boat.
A lot more than 3.9% are unemployed.
I just got laid off from job that was too good to be true. They are closing down offices and merging them out of certain states. Was making $29.27 in a dream job and they walked in and said gtfo. They are offering us a moving credit to go, but how high homes and interest rates are might as well take the severance and unemployment for a month and then start looking cause no where else in my city will pay that high.
Sucks but it is the world we are in currently.
Sorry to hear that. Don't give up keep hustling. Hopefully you've been following this channel and have saved up some money for the down time. You got this.
@@t3mpl3tw3 Thank you and I have. Thanks to Caleb, Graham, and this channel I have a one year emergency fund. I am trapped cause if I leave early they zero out my retirement and I lose severance. I applied for out of state for the same company as a gamble, but no guarantee.
😮 Did you ever notice 3-6 months before they told you to gtfo did you see strange people walking around and through your building or office with the manager escorting them, when that happens your getting closed down soon.
@@matt7iron no. I work for a big company. Like over 100000 employees. It was random. Not even management knew. They walked in on my day off and told everyone.
I did have a gut feeling because they stopped hiring back around November and we were technically IT and in January a huge wave of IT jobs were getting cut.
It's called a slient fire !
I would love a video explaining why we pay taxes if the US can print money.
When the government prints money it creates inflation, when they tax money it decreases inflation
That’s the TLDR
That’s a very good question
To control where/how capital is allocated.
The U.S. cant print money. The federal reserve can wich is a private company. Besides, if you think inflation is bad now, imagine if the united states could print money like that. Our dollar wouldn't even be worth the little that it is now.
Been on unemployment since February. Gonna start fresh in Corrections on May20th. Excited for the challenges that are to come and my bank account being positive again
Congrats on the new oppertunity
@@markaword1561 thank you!
I have a CDL, it's very easy to find a job for me.
It went from “quiet quitting” to “quiet firing.” 😢
😂
Tons of mass layoffs and bankruptcies around. I know lots of people whose companies just ceased to exist.
Those unemployment numbers are not real.
Sure and your president is not a rapist and pedophile
I am in Home Lending and of course since lending is down instead of laying us off my company decided to give us a 35% pay cut and “increased commission” knowing how difficult it is to close home loans now.
Work force participation rate is only 62%, so real unemployment is in the double digits.
The solution is obviously stopping the overspending and reigning in inflation but why would the Federal Cartel "bank" do that
The fed doesn’t control spending, congress does. How would you suggest the fed and/or congress act to actually reign in inflation? They are using one of the two tools that have worked in the past: raising interest rates. The other tool, price controls, has the potential to cause just as much damage.
One of the main causes is the wealth gap. The rich get richer the poor get poorer. The system is off balance. Also, corporate gouging.
Stagflation is here....next up Deflation. Home prices are out of sync & return to pre-pandemic w. only slight elevation needs to happen. A little pain in the short term is better prospects in the long run to Fed, State & Local budgets more fiscal responsibility.
What are your recommendations for Gig Economy independent hustlers out there? Same investing advise as regular payroll workers?
Yup happened with me
Employers used to be more willing to train. Now they want someone who fits the skill set exactly. I don't think they would have a hard time finding people to hire if they requested less and paid at least a reasonable amount of money and benefits.
Do yall ever feel like your reliance on big data doesn't reflect the experiences of "average" people?
Yes, because they never focus on the average regular people without mentioning some played out celebrity or always using the same one who time should have been UP! Like that's the only person we wanna hear about 😷😒 it's so many OTHERS🤔
Yup just got news might lose job.
Don't forget unemployment rate is based off of people with an unemployment claim when your time runs out you're counted as employed
And also if severance pay is included, it's considered as full time work.
And the stock market is at an all time high which makes me nervous. It's eventually going to adjust and come down. I'm afraid it's going to make a hard crash.
What we're facing, will rival the Great Depression.
Civil unrest
Make your own raise by buying dividend stocks or creating your own synthetic dividends via options and selling covered calls.
Wage growth dropping (not wages going down) is the first sign that this current bump of inflation will finally slow down a bit. Things leveling off is generally a good thing... Not good for everyone, but overall not a bad thing.
Just got a 10k salary raise yesterday
Why can't businesses lower their costs? It's always the other way around, where consumers eat the costs of inflation. When will it ever be time for businesses to eat more of the costs? No one ever has empathy for the consumers' costs. But, businesses fight tooth and nail to avoid extra costs and less revenue. This system allows businesses to protect their revenue before consumers' pockets. Costs are just too high all around, and the US government needs to do more - maybe create a law that forces businesses/sellers to lower their prices back to a much more affordable level. I realize this is not the norm, but in this post covid era, a lot of things are not like the norm. Given the fact that our government ensures they stay in control of everything, they can change the rules whenever /however they choose to. Desperate times like this sometimes call for desperate measures.
I agree. This video's analyses did not cover that part of the inflation we're feeling is corporate greed. Many companies are reporting record profits, but yet their products remain overpriced and not giving any relief to their consumers and giving all the profit to stock buybacks instead of increasing wages.
This has been tried in the past and caused many businesses to fail. Also, to answer your why, the supreme court actually ruled that a business’ primary legal responsibility is to maximize shareholder value (see Revlon doctrine and primacy law).
My three favorite channels: Minority Mindset, Stock Brotha, & How Money Works. Make my week complete! 🔥 🔥 🔥
We Kick Butt Everyday, Yeah
Thanks for sharing. US Companies are falling, aswell as the USA itself. And China is taking advantage.
And everyone says its because of the COVID. This falling is coming since decades ago
The USA is as strong as ever
China is screwed too don't worry.
China is not doing too well economically. Look at the economy and real state
From South Africa
Gold stocks are undervalued compared with gold prices, stocks will skyrocket once earnings come in, not to mention bad market news will further fuel the prices…BUY GOLD Stocks !!
The cooling job market presents real challenges for employees and job seekers alike. It’s essential to focus on skills development and networking during these times to enhance employability and leverage potential opportunities. 📈
You get what you vote for.
Raises are going g BELOW
I work for a state agency- no raises next year.
Their in trouble...
My job gives me a raise every year and I get my third raise in July no worries.
Jaspreet, you need to know the difference between less and fewer. 😅
Greed. GREED. GREED.
The government messes everything up
The AI thing is bunk.
As someone who works in tech and is starting to use AI where appropriate... Yeah, there are no stable AI products out there that can replace a person. I am a firm believer that it is coming, but it just isn't there yet. If you are replacing your people with AI today... You are going out of business.
That being said, a lot of things that are not AI are getting the AI label slapped on them, and that is absolutely replacing jobs. But these are things like automated work flows, ocr, speech to text and text to speech systems... These are all things we have had since the 1990s yall 😅. None of this is new, none of this is AI, but you slap an AI sticker on the box and these old tools are finally getting adoption. And yes, these tools do a lot of heavy lifting and do replace people in the workplace.
But right now it is the old stuff finally getting some use that is changing things. It isn't the AI layoff wave... That will be bigger and hit in another 3-5 years.
Cope
The squeeze is happening from the bottom up. The lowest incomes are out of cash and credit and now it will start affecting the middle income levels. when middle income businesses that caters to the middle income customers start feeling the showdown then it will be over for the economy as the stock market will see this as beginning of recession and drop taking the incomes of the wealthy with it.
That's a lie it's profit margins that have zero checks on them. How can they get 30 to 40 percent profit then
School districts nationwide are about to layoff teachers.
Not true
Kids are dumb. Hurry
First
So don't be an employee. Problem solved👍
Hahaha easier said than done
Correct, be a pickle
@@jayespi37it's not hard to be a pickle
Thank you Biden Voters. NOT
Nothing he did caused this. It lies squarely at the feet of the federal reserve. But to your point, he did nothing to prevent or heal it.
Nha tax the rich
You're welcome
Yeah. All “84 million” of them. 😂
nobody voted for biden.
The only raise I get is from my😏
You are wrong. Joe Biden and his clown show says so! 😂
Oh no! Let’s go into panic mode and let’s all act like it’s the end of the world! Here goes all this fear monger
It's not fear mongering, it's reality. 34 trillion dollars in debt is a serious issue. Countries around the world moving away from the USD is a serious issue.
You keep hammering that inflation is due to excess money in supply, but at the end of the video you lay out that people’s wages are shrinking, demand is slowing down, yet inflation is still rising. How do you square this circle? I feel it is disingenuous to gaslight your viewers about this when there is now significant research that proves this is a false narrative. It has been shown that the initial inflation wasn’t driven by demand but by the pandemic supply chain disruption, and the follow on once the supply chains healed was corporate profiteering. The senate did a study that found the stimulus money that Americans received was primarily used to overwhelmingly pay down debt and not to spike luxury consumer spending. There was a small burst at the end of the lockdowns that spiked used car sales and travel, but that quickly subsided. Now capital expenditures have come down in price, employees are not getting meaningful wage increases (I’ve taken a pay cut year over year for the last two years) and companies are reporting both declining sales but massive profits. If, for example, we look at tge car industry, most automakers cite declining demand for vehicles to justify layoffs, yet many are showing revenue windfalls and a few have executed stock buybacks. Even the federal reserve has admitted that increasing interest rates was the wrong remedy as it wasn’t a surplus of money in circulation that was causing inflation.
Consistently pushes this narrative that blames whatever Big Media tells us is the problem
I'm genuinely curious if you have sources for this.
Please link if you do.
This man does not gas light. Keeping learning you'll figure it out. Read up on stagflation.
Inflation comes from Federal reserve printing money. Regardless of the, we earn fed printing money devalues our money which causes the price of goods and services to rise.
And to your point in regards to the excessive money printing from covid not being the cause of inflation, the only reason why All of that money wasn't the cause of inflations because they did was called. They open up a reverse repo which was just an account that the Federal reserve held much of the money that didn't get put in circulation that was printed during covid. And that's been drawing down being used as liquidity for the banks because they're currently failing.
Never once did the federal reserve say this, please stop. This is not your channel, and you are the one spreading false information.
I stopped listening to this dude when he said he believed in this economy. Failed my class.
And yet you are still here.
...ooo pleasure.
Imo shrinkflation is causing more problems than inflation the average amount you get has decreased by about 15 percent and the price has increased which should be illegal
I’m hard worker I am grateful to have a job I’m not worried about a raise.