The inflation thread

[Danno]

Meanwhile I'll be doing some rallycross in a privately owned Honda Fit across the state of MT.

I'm beginning to believe that you really are DJSapp.

[XXX-er]

Smartest guy I ever listened to was a ditch digger, he said you made all that money in RE/ being too stoned to spend it, sooner or later you gotta buy something cuz they are printin it

So I got back into RE ... smart move

[dunfree]

A bubble. Similar to steel prices in the early 2000's when China was building like crazy. Not all bubbles pop, some just deflate. Demand will wain as people find other places to spend their money giving supply a chance to catch up.

bubble implies some misallocation. This is just a period of higher prices.

[Bunion 2020]

bubble implies some misallocation. This is just a period of higher prices.

That and in some areas, labor shortages. Right now in this area any carpenter, equipment operator or even concrete truck driver that is worth a shit can name their price. Problem is, little to no available housing and what is available is expensive as hell.

[stealurface831]

That and in some areas, labor shortages. Right now in this area any carpenter, equipment operator or even concrete truck driver that is worth a shit can name their price. Problem is, little to no available housing and what is available is expensive as hell.

it isn't just skilled labor here. sales positions, fast food, gas stations etc. can't find anyone either.

[Core Shot]

That and in some areas, labor shortages. Right now in this area any carpenter, equipment operator or even concrete truck driver that is worth a shit can name their price. Problem is, little to no available housing and what is available is expensive as hell.

Same here.

I’m short one skilled and one unskilled

No one applying for job ads.

[dunfree]

it isn't just skilled labor here. sales positions, fast food, gas stations etc. can't find anyone either.

shit jobs with shit pay can’t hire boo fucking hoo

Turns out the magic solution is pay more (but not that much more) money
https://www.bizjournals.com/pittsburgh/news/2021/05/04/how-local-companies-are-filling-open-roles.html

no different than before the pandemic. Target doesn’t advertise pay raises in October because they give a single fuck about their slaves, they do it because the free publicity gets them thousands more applicants

[Mazderati]

No shit. 'No one wants to work' really means 'no one wants to work for what I'm willing to pay.'

[MakersTeleMark]

Worth the watch:

[stealurface831]

shit jobs with shit pay can’t hire boo fucking hoo

Turns out the magic solution is pay more (but not that much more) money
https://www.bizjournals.com/pittsburgh/news/2021/05/04/how-local-companies-are-filling-open-roles.html

no different than before the pandemic. Target doesn’t advertise pay raises in October because they give a single fuck about their slaves, they do it because the free publicity gets them thousands more applicants

I mean, I don’t really disagree.


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[rideit]

The local Subway is paying $22.00 an hour, from what I heard today.
Make of that what you will.

[stealurface831]

The local Subway is paying $22.00 an hour, from what I heard today.
Make of that what you will.

Sign me the fuck up.


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[dtown]

No shit. 'No one wants to work' really means 'no one wants to work for what I'm willing to pay.'

Either work @ $20/ hr, taxed or make $16/ hr with stimulus $ + unemployment, untaxed. Same difference.

That free money will run out eventually and things will level out. There’s a balance between what companies are willing to pay vs people taking advantage of what’s being given to them for free.

Article in the Detroit Free Press this weekend about servers making $70k/ in Traverse City, MI...which is hard to believe.


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[dunfree]

Yeah, it’s all the stimmy

which is why the same shitty bus8nesses that were hiring for the same shitty jobs for 5 years are still desperate. Oh, and the cranks who ran covid farms for their employees are bitching on Fox no one wants to work for them

[Bunion 2020]

Either work @ $20/ hr, taxed or make $16/ hr with stimulus $ + unemployment, untaxed. Same difference.

Not so sure about your numbers.

Well, we are about to test that theory.

Governor just announced an end to the $ 300 a federal week supplemental and is offering a $ 1200 bonus for anyone who gets a new job and holds it for a month.

[old goat]

That and in some areas, labor shortages. Right now in this area any carpenter, equipment operator or even concrete truck driver that is worth a shit can name their price. Problem is, little to no available housing and what is available is expensive as hell.

It was like that before the pandemic. It's stupid that we push everyone to go neck deep in debt to go to college while building trades, mechanics, truck drivers, and tube amp technicians* are in short supply.

*personal peeve

[dtown]

Yeah, it’s all the stimmy

which is why the same shitty bus8nesses that were hiring for the same shitty jobs for 5 years are still desperate

It’s not all the stimulus money but it has an impact. We have warehouse workers making >$25/hr quitting on the spot. When asked, they tell us it has nothing to do with our company (which I would argue treats its employees pretty damn well) and they can make almost as much money by claiming unemployment along with their stimulus check and not have to do anything.

Take it for what it’s worth but it wasn’t happening pre-stimulus checks or pre-covid.




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[old_newguy]

Turns out “essential worker” = disposable.

[dunfree]

Well, we are about to test that theory.

Governor just announced an end to the $ 300 a federal week supplemental and is offering a $ 1200 bonus for anyone who gets a new job and holds it for a month.

what’s there to test? Unemployment and the unemployment rate in Montana is back where it was
https://data.bls.gov/timeseries/LASS...de_graphs=true


LFPR is down, but people receiving unemployment don’t count for pushing that down.

[dunfree]

It’s not all the stimulus money but it has an impact. We have warehouse workers making >$25/hr quitting on the spot. When asked, they tell us it has nothing to do with our company (which I would argue treats its employees pretty damn well) and they can make almost as much money by claiming unemployment along with their stimulus check and not have to do anything.

Take it for what it’s worth but it wasn’t happening pre-stimulus checks or pre-covid.

quits rate is essentially unchanged from precovid
https://www.bls.gov/news.release/jolts.t04.htm

warehouse jobs suck balls, not saying they haven’t said that, just don’t see where this aggregate of anecdote is in the data.

[BCMtnHound]

It’s not all the stimulus money but it has an impact. We have warehouse workers making >$25/hr quitting on the spot. When asked, they tell us it has nothing to do with our company (which I would argue treats its employees pretty damn well) and they can make almost as much money by claiming unemployment along with their stimulus check and not have to do anything.

Take it for what it’s worth but it wasn’t happening pre-stimulus checks or pre-covid.

You guys down south can quit a job for no good reason, and then still collect the pogey? That's fucked up. Need to be fired/ laid off/quit for reasons of health or safety up here to go on the dole.

[Dantheman]

You guys down south can quit a job for no good reason, and then still collect the pogey? That's fucked up. Need to be fired/ laid off/quit for reasons of health or safety up here to go on the dole.

State laws vary, but generally you are not eligible for unemployment benefits if you are fired for cause or quit willingly.

[Dantheman]

The local Subway is paying $22.00 an hour, from what I heard today.
Make of that what you will.

My first thought was that Subway seems rather low-brow for Jackson these days.

[ötzi]

@ BCmtn: Around here, a pogey is a fish. But yeah you don't get unemployment benefits if you just quit in this state at least. Not sure how it works with all the covid stuff though.

[BCMtnHound]

@ BCmtn: Around here, a pogey is a fish.

Heh, well the term pogey up here originated with the newfies, most often associated with layoffs around the fishing season, so maybe there was a connection?

Kinda funny, the BC govt rebranded it Employment Insurance several years ago. Seems some folk complained of the stigma associated with calling it Unemployment Insurance. Been almost 2decades since I applied for the dole, but I still remember the answers 'No, No, No, Yes, No' even if I can't remember the questions. Back when it was all submitted by paper, and not searchable against airline bookings.