We're beginning to experience stagflation.

srs.

Shills are going to say "but muh retail earnings were STRONK!"

No they weren't. Real inflation is about 15-20%. Your earnings were boosted by inflation, you simpleton.

But "muh demand". There is strong demand relative to supply. I wouldn't be surprised to find that actual demand hasn't gone up much. The supply has definitely sunk. You combine this with opening the credit floodgates, and it leads to the inflation mentioned above.

Inflation does not equal economic growth. In our case it just means we're printing too much fooking money.

TL;DR we're circling to the toilet. srs.

Here are the events:

1. We printed a bunch of money causing high inflation (official numbers are 6.2% for inflation, but we all know most things are at least 20% more expensive compared to a year ago)
2. Lots of employers won't adjust wages for cost of living for existing hires, but will for external hires
3. People switching jobs to tread water

People basically expect their jobs to pay off so they can afford the cost of living, and that isnt always happening

People dont work to only eek by. They expect to be able to pay for basic housing and still have plenty left over for a decent car payment and savings and retirement n=and get their student loans paid off and have health care that doesn't bankrupt them.

Given, some dont have any in-demand job skills and cant expect to make much money, but they still have reasonable expectations to afford to live without going into debt or going hungry

Easy, wages continue to stagnate and retards continue to say "stagnation is a good thing, raising wages is bad" so here we are.

Luckily the retards are losing the war

It's true that people don't know what hard work is anymore. I remember my first job out of university was 50-60 hour weeks busting my ass and it taught me a lot.

People now don't realize that there's a ton of opportunity out there for someone who wants to do a good job. Instead of it taking a couple of years to become a manager, you could do it in less than a year because there aren't any good people. Even crap places like Amazon you can get promoted twice within first year if you just put your head down and do a good job. A manager at Starbucks even makes 55k a year where I live. A McDonalds manager can make 80k. Amazon 71k. Those are all liveable salaries.

Problem is now I've been working for myself for so long I can't imagine being in an office or at a computer working 40 hours a week. I've been offered decent salaries but it doesn't make sense to take them, even with the security.

But how are they going to pay bills? Essential things such as rent, utilities, internet, food? If no one is working, how are they paying to survive?

Here are the events:

1. We printed a bunch of money causing high inflation (official numbers are 6.2% for inflation, but we all know most things are at least 20% more expensive compared to a year ago)
2. Lots of employers won't adjust wages for cost of living for existing hires, but will for external hires
3. People switching jobs to tread water

2020 changed the greater society forever. Ded srs.

Labor shortage is literally everywhere. Truck drivers, restaurant/retail staff, you name it. Anything customer service. Anything even remotely physically taxing. Even several starbucks locations in my vicinity are closing at 1pm due to staffing issues. Doesn't matter what the pay is. It's not the pay. Ded srs. I offer minimum wage positions but I'm paying anywhere from $4-$7 per hour over min wage and I can't keep a single employee. Flashback to 2-3 years ago offering a buck or two above min wage and I'd have people flocking.

Went from high applicant volume and some people would show up for interview and some people would show up to first day. Now, no one even applies. I get literally 0 applications anymore compared to 12 a day. If/when someone is interested in a position they're demanding wages that are unheard of and are never worth their salt upon hiring.

People don't want to work. It's the attitude shift. People want to be free and be on their own time. No one wants to be on a schedule. No one cares. People are late, can't wake up, and have too much fun while they're off and that's all they look forward to.. It's always been like this but people used to restrain themselves. They just don't want to work. Don't know how else to phrase it... Oh, and weekends are the new religion and cult. Good luck finding someone willing to work weekends, especially sundays.

It's everywhere. I see it everywhere. I ask and talk to other business owners. It's more of a lazy, unmotivated mindset rather than a pay problem.

On the money side of things.. The "raise min wage" cult will always be chasing their tails and it will never end. All they're doing is adding to the inflation. Min wage was never designed, or intended to pay the bills. It never will.

Everything else is mentioned in this thread. Everyone, all the peasants feel entitled to fancy things and "lavish" lifestyles because they want to mimic what they see on social media.. Think instagram. Monkey see, monkey do.

End of the day, humans are still primates. Nothing but a sophisticated ape.

^^^


IIRC something like 55% of job seekers are looking for WFH positions because now they see that it is something that can be done and are aware of how much time and money they spend for the privilege of going to and from a work site. Commuting, meals outside the home, and childcare add up to a big chunk of cash.