Seriously fucking sick of hearing stats about numbers of jobs that completely disregard their quality.
this post was submitted on 07 Jun 2024
75 points (93.1% liked)
politics
18672 readers
2790 users here now
Welcome to the discussion of US Politics!
Rules:
- Post only links to articles, Title must fairly describe link contents. If your title differs from the site’s, it should only be to add context or be more descriptive. Do not post entire articles in the body or in the comments.
- Articles must be relevant to politics. Links must be to quality and original content. Articles should be worth reading. Clickbait, stub articles, and rehosted or stolen content are not allowed. Check your source for Reliability and Bias here.
- Be civil, No violations of TOS. It’s OK to say the subject of an article is behaving like a (pejorative, pejorative). It’s NOT OK to say another USER is (pejorative). Strong language is fine, just not directed at other members. Engage in good-faith and with respect! This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.
- No memes, trolling, or low-effort comments. Reposts, misinformation, off-topic, trolling, or offensive.
- Vote based on comment quality, not agreement. This community aims to foster discussion; please reward people for putting effort into articulating their viewpoint, even if you disagree with it.
- No hate speech, slurs, celebrating death, advocating violence, or abusive language. This will result in a ban. Usernames containing racist, or inappropriate slurs will be banned without warning
We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.
All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.
That's all the rules!
Civic Links
• Congressional Awards Program
• Library of Congress Legislative Resources
• U.S. House of Representatives
Partnered Communities:
• News
founded 1 year ago
MODERATORS
Seriously fucking sick of hearing stats about numbers of jobs that completely disregard their quality.
What is your definition of a "quality" job?
Still waiting on the IT sector to recover. If I were of a conspiratorial mind, I would suggest the wealthy are trying to tank the economy temporarily (specifically in left-leaning spaces like much of IT) because that is the strongest predictor of election outcomes. But I just can't bring myself to believe they would all be able to coordinate that without someone trying to fuck the rest over. I suppose we'll see.
When my dumbest friends on social media and IRL were coming up and saying “oh I’m in IT just like you” I feel safe saying it wasn’t a conspiracy and just too many damn people in the field.
IT was particularly oversaturated, but STEM as a whole has been hit pretty hard. There's no startup money left so you either got established and are no doing government contracts, are somehow still convincing other billionaires to give you money because you're a billionaire(the last place I worked at), or just shut down. The tech bubble burst. With interest rates up and the economy on the edge, money is "better" put into buying real estate. Buy single family homes and rent them. Buy franchises for the land, sell the company, the lease the property.
Between ignorant leaders believing GenAI will replace ~30% of their workforce, covid over hiring, and shitty tax laws we got the shaft in IT.
I had no idea about any of that. Good link. Thanks.
Still waiting on the IT sector to recover
Its in the report:
"Professional, scientific, and technical services added 32,000 jobs in May, higher than the average monthly gain of 19,000 over the prior 12 months. Over the month, employment increased in management, scientific, and technical consulting services (+14,000) and in architectural, engineering, and related services (+10,000). Specialized design services lost 3,000 jobs."
Oh good. It's just me in particular that is fucked. That's nice.
great more jobs and the minimum wage is still $7.25 federally and worker's right are on a downward slide
break out that good champagne
great more jobs and the minimum wage is still $7.25 federally and worker’s right are on a downward slide
While there's likely some minimum wage jobs represented here, it looks like its a tiny fraction (spitballing, maybe 10% tops). Here's from the report:
"In May, average hourly earnings for all employees on private nonfarm payrolls increased by 14 cents, or 0.4 percent, to $34.91. Over the past 12 months, average hourly earnings have increased by 4.1 percent. In May, average hourly earnings of private-sector production and nonsupervisory employees increased by 14 cents, or 0.5 percent, to $29.99. (See tables B-3 and B-8.) "
You're not going to get $34.91/hour and $29.99/hour averages with lots of $7.25/hour mixed in.
Job growth doesn't mean shit if it's not accompanied by wage growth. They keep talking job numbers as if that alone pays the bills.
From the article
Regarding wages, average hourly earnings were higher than expected as well, rising 0.4% on the month and 4.1% from a year ago. The respective estimates were for increases of 0.3% and 3.9%.
Still doesn't mean shit if people can't live on those wages.
Well, it's better than inflation. But, I realize that whine is for another reason.
Not when inflation has exceeded wage growth
"Congratulations peasants! Here are a quarter million open positions to have your labor value stolen and probably also your wages. Exploitation is freedom!"
God dammit! This is probably all bidens fault.
Yes and Trump's
who do you think worked as one of the politicians who got us here?
who do you think one of the donors has been throughout the years to all these politicians?
Biden and Trump both benefit from wages being low and worker's rights stripped
And when they revised this down to 100,000 in a month or so, nobody will pay any attention.