That sucks! Scary times ahead in the future I believe. Hang on to your jobs as long as you can or become an entrepreneur. I can attest to the scarcity of paid work. There are plenty of jobs out there, but the available labor pool is so large to choose from now, it makes it difficult if you can't separate yourself from the pack. Employers can be very picky with finding candidates that meet 100% of all of their job qualifications. I can certainly see why some companies are hestitant to expand with the uncertainty in the coming election and not knowing the impact to their bottom lines.
"The global economy is facing a structural surplus of labor and a scarcity of paid work. Here is the critical backdrop for the global recession that is unfolding and the stated desire of central banks and states everywhere for "economic growth": most of the so-called "growth" since the 2008 global financial meltdown was funded by sovereign debt and "free money" spun by central banks, not organic growth based on rising earned incomes."
"Take away the speculation dependent on "free money" and the global stimulus dependent on massive quantities of fresh debt, and how much "growth" would be left?"
"The other trend is the cost of labor in the developed West is rising as systemic friction adds cost without adding productivity. Workers in the U.S. only see their wages stagnate, but their employers see total labor costs rising as healthcare costs rise year after year. In effect, the U.S. pays an 8% VAT tax to support a bloated, paperwork-pushing, inefficient and fraud-laced healthcare system that costs twice as much as a percentage of GDP as other advanced democracies."
"A worker making $60,000 a year costs the employer $90,000 a year. No wonder employers are shifting to contract labor (no exposure to skyrocketing healthcare) and part-time flex-labor. No wonder many entrepreneurs are selling their high-overhead businesses and becoming flexible, low-cost one-person enterprises."
"When it costs a lot to hire someone, the risk of hiring them rises, too. That is the unspoken context of high-cost economies. The productivity increases enabled by web-based software and services eliminate entire swaths of labor--not for this season or this business cycle, but forever."
The Link
"The global economy is facing a structural surplus of labor and a scarcity of paid work. Here is the critical backdrop for the global recession that is unfolding and the stated desire of central banks and states everywhere for "economic growth": most of the so-called "growth" since the 2008 global financial meltdown was funded by sovereign debt and "free money" spun by central banks, not organic growth based on rising earned incomes."
"Take away the speculation dependent on "free money" and the global stimulus dependent on massive quantities of fresh debt, and how much "growth" would be left?"
"The other trend is the cost of labor in the developed West is rising as systemic friction adds cost without adding productivity. Workers in the U.S. only see their wages stagnate, but their employers see total labor costs rising as healthcare costs rise year after year. In effect, the U.S. pays an 8% VAT tax to support a bloated, paperwork-pushing, inefficient and fraud-laced healthcare system that costs twice as much as a percentage of GDP as other advanced democracies."
"A worker making $60,000 a year costs the employer $90,000 a year. No wonder employers are shifting to contract labor (no exposure to skyrocketing healthcare) and part-time flex-labor. No wonder many entrepreneurs are selling their high-overhead businesses and becoming flexible, low-cost one-person enterprises."
"When it costs a lot to hire someone, the risk of hiring them rises, too. That is the unspoken context of high-cost economies. The productivity increases enabled by web-based software and services eliminate entire swaths of labor--not for this season or this business cycle, but forever."
The Link
