I heard from my niece the other day. She was an PayPal employee and got her walking papers within days of the Biden Administration trumpeting the “creation” of 517,000 jobs. Please sit down. What I am going to write next may shock you and induce fainting — Biden is lying. There. I said it.
What is the evidence for the lying? Meet Mr. Michael Snyder. He has a crazy addiction to facts and is not afraid to challenge the conventional wisdom.
At his blog, The Economic Collapse, Snyder has published some truly alarming evidence.
On February 3, 2023 he wrote a piece, Don’t Be Stupid – The U.S. Economy Actually LOST 2.5 Million Jobs Last Month. Here are the key take aways (read the full report at the linked title). He zeros in on a Bloomberg report:
For the establishment survey, the government’s updated seasonal factors may have impacted the headline payrolls figure. On an unadjusted basis, payrolls actually fell by 2.5 million last month.
So what? Is this just a dispute over methodology by a bunch of wonks? No. Snyder’s follow up piece puts my niece’s situation in the proper context. On February 9th, Snyder published, After The Worst January Job Cuts ‘Since The Great Recession’, Here Are 12 Major Layoffs That Have Already Been Announced In February. He starts by quoting a report from Challenger, Gray & Christmas:
U.S. companies announced roughly 103,000 job cuts in January, the highest monthly total since September 2020, a Thursday analysis found.
Last month was the worst January for job cuts since the Great Recession in 2009, according to a report from employment firm Challenger, Gray & Christmas.
Around 40 percent of last month’s job reductions came in the tech industry, where Google parent company Alphabet, Amazon, Microsoft and Salesforce announced plans to lay off thousands of workers. Many of the companies said they grew too quickly in recent years and must cut costs to boost profitability.
He then provides a devastating list of pending layoffs recently announced:
The following are 12 major layoffs that have already been announced in February…
#1 Disney has decided to tell approximately 7,000 employees to hit the bricks…
“We will be reducing our workforce by approximately 7,000 jobs,” CEO Bob Iger said during the company’s first quarter earnings call. “While this is necessary to address the challenges we’re facing today, I do not make this decision lightly. I have enormous respect and appreciation for the talent and dedication of our employees worldwide, and I’m mindful of the personal impact of these changes.”
#2 Yahoo has announced that it will be laying off “more than 20% of its workforce”…
Yahoo will lay off more than 20% of its workforce by the end of 2023, eliminating 1,000 positions this week alone, the company said in a statement Thursday.
#3 Ebay was doing quite well, but now they have decided that 4 percent of their workers are no longer needed…
Ebay on Tuesday announced plans to cut 500 jobs, or about 4% of its workforce, according to a filing with the SEC.
#4 Affirm is yet another tech company that has recently made a decision to conduct mass layoffs…
Affirm announced it’s cutting 19% of its workforce Wednesday. The news came as it reported second quarter earnings that fell below analyst estimates on both the top and bottom lines.
#5 As the U.S. housing crash deepens, JPMorgan Chase has concluded that now is the time to “cut hundreds of mortgage employees”…
JPMorgan Chase & Co. cut hundreds of mortgage employees this week, adding to job losses across the industry as home-lending businesses continue to be hurt by elevated interest rates.
#6 GoDaddy just let their workers know that they plan to “reduce the size of our global team by about 8%”…
Today, we are announcing a plan to reduce the size of our global team by about 8%. This will come as difficult news for many valued and respected GoDaddy team members.
#7 Micron is one of the biggest private employers in Idaho, but now it intends to “reduce its global headcount by about 10% over the next year”…
Micron has begun laying off workers, a spokesperson for the company told the Idaho Statesman.
The news marks the beginning of the company’s plan to reduce its global headcount by about 10% over the next year. Micron CEO Sanjay Mehrotra announced during a quarterly conference call with investors in December that the company is taking significant steps to reduce costs and operating expenses as demand for its principal products wanes.
#8 GitHub has become yet another victim of the downsizing trend in the tech industry…
Microsoft-owned GitHub is laying off 10% of its staff, the company confirmed to Fortune.
#9 Nomad Health just laid off approximately 20 percent of their entire corporate workforce…
Nomad Health, a healthcare staffing startup, laid off around 20% of its corporate workforce this week, according to four terminated employees, as the surge in travel nurses and other temporary healthcare workers ignited by the pandemic cools down.
#10 Zoom is giving the axe to approximately 1,300 workers…
Zoom on Tuesday said it will lay off about 1,300 employees, or approximately 15% of its staff, becoming the latest tech company to announce significant job cuts as a pandemic-fueled surge in demand for digital services wanes.
#11 Boeing was supposedly going to be hiring more workers, but instead the company just announced that thousands of positions in finance and human resources will be eliminated…
“We expect about 2,000 reductions this year primarily in Finance and HR through a combination of attrition and layoffs,” Boeing confirmed Monday.
#12 Do you remember when Dell computers were still popular? Unfortunately, the tide has turned and now Dell has been forced to get rid of 6,650 workers…
Dell Technologies Inc. is eliminating about 6,650 roles as it faces plummeting demand for personal computers, becoming the latest technology company to announce thousands of job cuts.
I don’t know about you but I am alarmed by this. A healthy, vibrant economy does not shed jobs across a wide spectrum. I suppose these newly unemployed can start shopping their resumes to Defense contractors and become part of a new effort to replace the military munitions that have been emptied from U.S. warehouses and dispatched to Ukraine. But then again, the Defense contractors may actually need folks capable of building something rather than typing code or doing customer relations.
Don’t confuse me with the facts, Mr. Johnson. (sarcasm) You cannot believe any statistics from the US Government. The Inflation figures are the most gerrymandered. try http://www.shadowstats.com for the lowdown.
As well as the real unemployment numbers. Cheers!
This site gives a daily tally….
https://www.dailyjobcuts.com/
Re: “You cannot believe any statistics from the US Government.” — Completely agree!!!
US gov statistics has never been about FACTS, it has always been about making up Sheet to make the party in power (or both duopolistic parties) look good.
Let’s see how they have been manipulating the “numbers”:
1) CPI / Inflation BS:
– Since the 1995 “Boskin Commission”, when they changed the methodology from “calculate inflation” to “make up shit to save the Social Security Fund for another 20 years” they have introduced “quality adjustments”, “relative weight adjustments”, and, my all time favorite, “substitutions” (the kind when “if pork becomes too expensive, sheeple switch (i.e. substitute) to cheaper chicken, therefore there is no inflation”.
And when chicken becomes too expensive for sheeple to afford, we all know they will switch first to hot dogs, and then to bugs, therefore there will NEVER be any inflation.
2) GDP BS:
– “imputations” is my favorite one in this funny number. 15% to 20% of the so called GDP is made up shit, called “imputations”. E.g. if you own your home (as a lot of Baby Boomer and even Gen-Xers do) and stopped paying banksters their pound of flesh, US Gov “imputes” that you still pay “the rent” for your own home, and that helps them beef up their GDP number by a few trillion $$$ each year.
– and with the “Alice in Wonderland” CPI (see above), GDP ALWAYS grows, never falls. How? If nominal GDP goes up by 5%, and the “magic” inflation that the US gov makes up is, say, 2% — Bingo! the “real” GDP went UP by 5-2=3%!!! Who cares that per Shadowstats the actual inflation is 10%, and hence the “real” GDP declined by 5%-10%=-5%… That’s math and only those pesky deplorables and MAGA addicts believe that math is the real science…
If one were to apply “TRUE” inflation (i.e. GDP deflator) to the US GDP since, well, 1995, the US “physical” economy has been shrinking every year for the last 30 years and is now a shadow of what it was in the 1960s. But, but… the US gov said there is no recession.
3) Unemployment BS:
– US gov runs 2 “surveys” – Households and Establishment surveys. And if one shows bad numbers, ignore it and show numbers from another one.
Zerohedge has been shouting about this BS from the rooftops for years now:
https://www.zerohedge.com/economics/what-was-behind-todays-wow-wow-wow-jobs-report
https://www.zerohedge.com/markets/something-rigged-unexplained-record-27-million-jobs-gap-emerges-broken-payrolls-report
https://www.zerohedge.com/markets/something-has-snapped-unexplained-23-million-jobs-gap-emerges-broken-payrolls-report
Well, it’s been one continuous “recession” YoY for 30+ years, inflation has been 2x what the US gov tells you, unemployment is made up. Other than that, Sheeple must believe in miracles and they must believe everything their Gov tells them to believe.
Baaaaah! 🙂
Come on man you can’t be this naive or is it stupid “Well, it’s been one continuous “recession” YoY for 30+ years, inflation has been 2x what the US gov tells you, unemployment is made up”. A 30 year recession? Insanity, and if inflation is 2x govt average then after 30 years prices would be up 600% which is nowhere close to reality. Food is not up 600%, housing is not up 600%, autos are not up 600%, electronics is not up 600%, travel is not up 600%, etc. Do you see how silly your statement is.
You are either naive or stupid when you make a statement like this “Well, it’s been one continuous “recession” YoY for 30+ years, inflation has been 2x what the US gov tells you, unemployment is made up”. You think we have been in a 30+ year recession that’s insane and a totally false statement. The US economy is dramatically larger today in terms of GDP and employmenet vs 30 years ago. Moreover, no way has inflation been running at 2x the govt figures since that means prices have increased >500% in 30 years. No way is this true, food is not 500% higher, housing is not 500% higher, transportation is not 500% higher, electronics, travel, etc are not 500% higher.
You must be a democrat, given how dumb you are. Where did you get 500% or 600%?! Just to make shit up?!
Well, I’ll take a few seconds to educate you, dummy:
– Here is the official inflation data: https://data.bls.gov/pdq/SurveyOutputServlet
– 2x inflation (refer to John Williams’ ShadowStats.com) is an approximation, and using that approximation we get 333% increase in average prices from 1995 to 2022 (not 500% or 600% — I know, I know, math, and all, not your thing)…
So, 333% is what the Actual inflation has been (and not 184% as the BLS / US gov has been reporting).
Now, let’s do a sanity check (I know for folks like you “sanity checks” would be a foggy mystery, but strain your brain for a sec, will ya, it will be useful for your intellectual development, believe me):
RENT:
– Median Rent (which is 30-50% of average household’s monthly expenditures in the US, depending on the income quintile, sorry to use big words on your, dummy, but big words might make you smarter):
– in 1995 it was $655 (https://ipropertymanagement.com/research/average-rent-by-year)
– in 2022 it was $1,978 (https://www.rent.com/research/average-rent-price-report/)
For math-challenged folks like you, that’s 302% price increase.
BEEF:
Let’s look at Beef (since you mentioned Food, you dummy). Beef (ground beef to be exact) in 1995 was averaging $1.30/lb. In 2022 it was $4.80/lb. That’s official FED data, you dunce: https://fred.stlouisfed.org/series/APU0000703112
And here is the complex part, called, math: beef increased in price by 369%, more than 2x the official inflation rate.
We could play this game on all sorts of categories. But this comment is not for “woke” folks like you. This response is for folks with critical thinking faculties and math abilities. And you?! Well, you just go back to believing everything your Gov tells you, will ya.
A well deserved and factual take down. Winner!!
Good of you to take the poster down a peg, but there is an algebraic mistake in the above, although your point remains valid.
The new beef price is 369% of the old beef price, or a 269% increase. The new rent is 302% of the old rent, or a 202% increase. If the new is x% of the old, the increase is (x-100%).
The nice thing with inflation data is that ordinary people can gather the data needed to check for fraud, and thus the government will tend to limit its fraud to calculations rather than data, and intelligent users can somewhat circumvent the frauds.
Other types of data, e.g. vital statistics, are not that easy to check, and thus it is easier to engage in fraud, especially as ideologues tend to follow orders based on suggestions of what allegedly is, when they are not bright enough to figure that they are publishing inaccurate information being supplied to them (I doubt ideologues would initiate the frauds—they tend more to “useful idiocy”).
The concern arises, as evidence of harm from the covid vaccines is being poo-pooed on account of vital statistics (see e.g. Ron Unz).
When accounting methodology #1 doesn’t work anymore (shows bad numbers), you just switch to a different accounting methodology. Over a period of years there are so many methodologies, you cannot really compare anything to anything over time anymore.
In (computer) security there is a term known as “security through obscurity”. I propose that America’s accounting from now on be called – “accounting through obscurity”. It is comprised of many different methodologies that change over time plus many different “experts” drawing different conclusions from this “data”, all of which conclusions are equally possible.
The beauty of this method is that it applies to everything: politics, economy, real estate, manufacturing, military affairs, you name it – “something-something” “through obscurity”.
You can stretch this method forever. Soon nobody will be employed and yet the wax figure from the white house will be telling us that we just added 2 million jobs. How? Simple. We are counting everyone who just crossed the border in one month as doing a job, for example. But then someone asks – how many people crossed the border in this month? Zero. ‘Cause they didn’t cross it, they waded over it or went under it or climbed over it or…, hence they don’t count.
Truth is such a stretchy thing.
Lies are the stretchy things. The truth doesn’t change. “Stretching the truth” is a synonym for lying. Point taken.
Are you sure about that? In Suicide Of The Empires, his book about the Eastern Front in WWI, Alan Clark recounts the experience of a French manufacturer who bid for a contract to supply tents to the Tsarist Army. The relevant Tsarist minister said that he’d get the contract, but only if he paid a huge amount in kickbacks to the minister concerned. The manufacturer protested that the amount demanded would leave him with no profit on the deal. “Ah, I understand,” the minister said, ‘with a silky smile’. “But why actually supply the tents?”
I quote this anecdote because the minister probably knew the Tsarist regime was on the verge of collapse anyway, and was eager to make as much as he could while he could. Your military industrial complex, which once used to make magnificent weapons like the F14 and A10, now makes flying paperweights like the F35 and B2. I’m pretty certain the mindset is the same.
Manufacturing artillery pieces requires automation. Raw materials must be mixed at precise temperatures and less than 0.2% tolerances.
Shell must be cast without significant air bubbles then machined to tolerances less than. 0003″
The skills to operate these machines do not come easy (or cheap)
Most have already retired. Their replacements are not comfortable around loud rotating machinery.
This is my business, my wheelhouse. The No Bullshit Zone
Alex,
Wow that’s small tolerances and for artillery shells! Thought they cut them out from a cake tin.
” Their replacements are not comfortable around loud rotating machinery.” Can’t they hear their iphone buds above the noise ? You see them everywhere and they are not safe.
Tolerance of shell casings 3/10,000 of an inch? Try again.
The barrel – Alex Thrace is talking about machining the barrel with 3 ten thousandth tolerance
Alex knows his sh*t – he mentions the black magic of castings – forgings to start.
Ask Alex how many suppliers exist in the US to supply forgings that are 3 tons or larger ? There used to be a dozen, now…..
Not the casing. But the fuse and other components. Missile components, engine nozzles,
.0003 inches isn’t really all that tight these days.
But you have to realize that at the velocities these items travel, miniscule imbalances will throw off the ballistics
And yes the tolerances for a Javelin are even tighter. I have guys that can see our of tolerance below .001 with the naked eye
I don’t know if there are any left. There is one in Canada I know of and in Australia.
I just recieved an order to revamp the controls on a milling machine. Its 16 feet high and can mill out raw castings for 36″ slurry pumps.
The machine as near as I can tell was made in Russia in the 60’s. It was sold in the 80’s to a mining company in Australia, then migrated to Canada for a while, now in Humble Jacksonville Fl.
Impressive piece of machinery.
It was definitely made to last. No planned obsolescence with this bad boy.
Superfine sand paper (https://www.doityourself.com/stry/a-complete-guide-to-sandpaper-grit-classification) “ideal to sand the final layer of finish on wood”
comes in at inches 0.00059 for 15 microns grit dimensions.
since a barrel tube is round has a left and a right side, top bottom, etc 0.0002 inches seems plausible to me…
Ultrafine sandpaper comes in at 1/2 that grit size.
Yes, real tolerances.
Think about it for a moment. A spinning projectile at 1500 m/s.
I know math is racist, but the forces on the shell the energies are huge.
.0003″ isn’t all that tight these days.
Alex
Wouldn’t it require many re-bores to retain such accuracy ? With the attendant problems ?
Math is racist and also sexist.
Not only manufacturing, but healthcare is a mess too. I am very close to retirement and many workers my age gave it up and quit or retired during the pandemic. Compared to younger workers, I am far more productive because I am not on my phone half the day. My younger bosses don’t understand how I manage to function for eight hours without a cell phone attached to my hip. When I tell them I have a cell phone for calling or texting but no data service, they are blown away.
One would think that most of this could be automated.
On the matter of retirement, I can confirm. I had to get some European PVC size to North American Iron Pipe Size PVC fittings made (nothing overly precise), and I got a shop in the US that would do it. The guy who did the work sounded to be on the high end of his 70s.
Strange how you just described how Kolomoisky managed to bilk the IMF out of billions. Gov’t. shadow contracts with Kolo shadow offshores prepaid with IMF funds for shadow goods never to be delivered. Fold the company and on to the next.
Not to offend any Jews here but there’s an old saying I heard for the first time in Moscow in the 90’s.
“Wherever a Ukrainian’s been, there’s nothing left for a Jew to do.”
It’s actually meant as both in the positive and negative sense I was told, i.e. both being entrepreneurial and industrious or both being master scam artists. Somehow though, the scam artists always seem to come out ahead and not only in that neck of the woods.
The more things change, the more they…etc
I have lived and worked in both Belarus and Russia but the first time I heard this was from my wife (a woman from the Donbas) and her version is significantly different: “Wherever a Ukrainian’s been, there’s nothing left for a Jew to steal.”
And we here have a saying: “It takes ten Jews to make a Chinese.” 😉
John Williams alternative data:
http://www.shadowstats.com/alternate_data/unemployment-charts
All wars are banker wars.
Shadowstats is THE go-to for economic statistics.
Same old, same old. But it’s even worse. Ok, so Walmart and other retailers hired 500,000, let us say. THAT is what Biden’s counting. He isn’t counting the tech jobs lost. Plus, most of these lost jobs come with months of severance. So they haven’t even been counted yet. Snowball effect, when they have to do a peg count, the truth comes out. We’re trading six-figure jobs in tech for five figure jobs in retail. We did it in every failed sector from steel to auto manufacturing. The manufacturers left town and the workers were left behind to bag groceries. This shit here is just the latest trade off.
It isn’t just the numbers of jobs lost or gained, it’s the salaries, pensions and benefits from the former factory workers that will never accrue to the grocery baggers the factory workers were turned into. Tally up the social benefits the laid off factory workers will now cost, consider the massively polluted factory sites that need to be cleaned up. But yeah, lets count the jobs that pay ten bucks vs. 35. And sure, don’t force the factories to clean up the train wreck they left behind. Unemployment numbers from Labor never count. utter fiction.
When is the government lying? Almost always. Shadowstats says real unemployment is at about 24%….Given their reputation that is likely true.
Sure, likely many of the newly unemployed have severance and are not yet counted. However I’ve seen companies in my area looking for full time highly skilled to entry level help non-stop for a couple of years now. I’m not sure what the disconnect is…perhaps the unvaccinated and the middle-aged or older need not apply??
This is hard to believe: “They” lied about everything over the last two generations, why would anyone believe a word they’re saying?
Well, it may be soothing to hear that the economy is “doing very well” and all the balloons and stuff are being shot down by our brave NORAD and … what? Coming economic recession?? Even depression??? You must be kidding (until you see your niece, a friend or yourself … being laid off and the shelves at Walmart being emptied for no reason…
I don’t know how long could “they” keep fooling so many, but it will not be too long — summer 2023? Russia takes over 404, Germany breaks of from NatoStan and sue US for NS 1 & 2 damages and Au is worth about U$4,000 per troy-ounce.
Well, we all live in one kind of make-believe or another, right?
Cheers, JaKo
To sue the US, Scholz needs eggs.
He doesn’t have them.
Unless he borrows from Sarah Wagenknecht
Well I feel bad for them and hope this doesn’t snowball on us.
How many people realize the communist Obama signed executive orders on Ukraine? This is what the US corporation is protecting in Ukraine.
Ha ha ha…this is hilarious. Good morning, Zelensky.
https://abeldanger.blogspot.com/2023/02/good-morning-zelensky.html
“Communist” Obama.
Hahahahahaha
It’s funny at first, and then sad. US citizens have been brainwashed to the point of not understanding meaning of words. They think that invading and bombing other countries is done in the name of peace and freedom and democracy. Just like George Orwell wrote:
“War is peace. Freedom is slavery. Ignorance is strength.”
The EU has a Peace Fund to finance the weapons deliveries…
Some people (many, unfortunately) in EU are also brainwashed.
But the massive misunderstanding about everything being “communism” .. ey, that is a US thing.
The US has not even leftists anymore, let alone communists. The main leftist fight is for common ownership of the means of production. Do you know anyone in the US arguing for that?
The means of production? In the 21Century in the US ?
Where?
You leftists can paint in big red letters “Tax the Rich” on the genteel butt of a nice Westchester girl.
That’s your Revolution.
Viva!
Viva el troll!
Yes. The WSWS.
https://www.wsws.org/en
Most leftists are always fighting for control over other people. Supposed “common ownership” never benefits the populace at large, just conveniently the controllers doing so ostensibly for benefit of the populace but actually for their own benefit and satisfaction in controlling others.
“… communist Obama …”
What?
TTIP, TPP, lost victories …?
The BLS and Biden Regime has been cooking the books from day one to cover up the massive failures of this regime. It’s all fake folks.
Mark Twain once said there three types of lies. Lies, damned lies and statistics.
Also: A lie has travelled around the world while the truth is still putting its boots on.
And many more. A genius, not just very talented. : – )
Yes – Mark Twain was one of the great Americans …
But the “most important”: He was not a communist … although one or the other would like to hang this attitude on him … in these difficult times …
He was unfamiliar with Communism but if History had taken a slightly different turn, no doubt he would have been a devotee of Lenin.
His journal of Lenin on Mono Lake would have been historic.
Statistics don’t lie… But, statisticians do.
Biden and his clownshow of lunatics, misfits and incompetents have one thing in common – they’re pathological liars.
Here’s a whopper: ‘the economy is doing just fine, hey, US unemployment is just 3.5%.’
Then again, in Bidenworld individuals who’ve given up looking for work aren’t even counted as unemployed, while part-time employees or freelancers who might find only one hour of work per week – financially unsustainable by any standard – are treated as employed.
So what’s the truth? If you use the LISEP calculation which includes all unemployed, including discouraged workers, as well as part-time workers who can’t find full-time employment, and those earning under $20,000, the true unemployment rate is 22.3% – see https://www.lisep.org/
America is also a nation of debtors. For example, individual credit card debt is now $925 billion. Depending on the survey, average U.S. household credit-card debt is between $7-10k (29-35% increase in just 1 year).
Worse, the evidence shows people are unable to repay credit card debt. 46% carry a balance each month (increased of 7% in one year). People are using credit cards to pay for the items that are driving inflation (now officially at ~8% but far higher), being household costs, energy and food.
While living on debt is always high risk, it can be sustainable if you can service the debt. Americans have long passed that point. Right now, credit card interest rates are 19-20% with the underlying reserve rate now almost 5%.
As for the US Federal government – it is $31 trillion in debt, has a deficit (spends more than it earns) of $1.3 trillion and is again approaching default. This same government is also stealing from overseas governments and its citizens, sending a clear message that doing business with America is like agreeing to get into bed with the Mafia.
Trouble is, the DC Mafia family is no longer run by wise capos. Somehow, it has been taken over by the crazy family who were always considered very stupid but also dangerous, mainly because of their dishonesty, untrustworthiness, plus their belief in their own greatness and invincibility.
America’s peer rivals know what’s going on. They understand how stupid the Obama/Biden crowd is. They don’t regard them as legitimate leaders of the USA, either. There is no respect anymore, let alone deterrence. Legitimacy drains away from DC, 24/7, and with it so does American power, prestige and strength.
Sometimes the truth is a sad story. I’d prefer the truth over lies anytime, though.
My daughter had 3 PhD’s in genetics, microbiology and chemistry and can’t find a job because she is too white.
She isn’t even that white, half Filipino. But not a blessed skin tone.
The Mayo Clinic was the most honest in telling her they were “looking for a diversity candidate”
The rest just lied outright.
Lucky she isn’t a CIS man.
Reverse discrimination test case! Contact Brian Lienbach, Esq. in L.A., I’m non-affiliated.
She has a decent job now, but in my opinion not making the money she should.
The problem for us is she is too far for a days drive so we don’t get to see our grandson often enough.
When she was at Emory, we could go up for a long weekend. Not any more.
But she’s lab director at a high profile university stem cell lab, so something will pop.
Hopefully not in Russia, but then on second thought…
On second thoughts ….what ?
Daughter under appreciated
Then she’s a lab director ?
Now Russia doesn’t look so bad ??
Alex, a nuclear engineer.
Lab director at U Penn. Sounds sexier than it is. Pay sucks
You missed my point. She is well regarded in the field but is being prevented from advancing due to an epidemic of woke-ism.
She gets passed over fir jobs by people way less qualified and competent.
It is no different than Hollywood today. If you are a straight white actor you better be able to play a gay character or else you will be the bad guy, the corrupt cop, the drug addict or the idiot.
There are no more Magnum PI’s. Or Boston Legals.
The funny thing is Terminal List was Amazons most watched show ever, close followed by Reacher.
STILL they push woke crap on us.
Alex,
Three PhD’s.
No science.
Too white,
Dig compliance.
Genetics, microbiology, and (bio?)chemistry are hard core sciences, like physics.
Bob
There are no hard core sciences.
Take a look.
Indeed. I tried to read her dissertation.
I’m a nuclear engineer, and it was like trying to read Martian
Don’t feel too bad. Biology is infinitely complex.
She should claim to be trans/lesbian/bisexual/pansexual/asexual/whateversexual/ukrainan, or just change her pronouns to more desired ones. Long term solution could be emigrating to Russia.
I have a BS in chem…ran a gov lab of testing instrumentation for air water and soil samples from around the world but mainly at Nevada test Site. In my 30 years I saw thousands of unemployed or under-employed post docs – that’s why I never went further plus I’m generally lazy – anyway – until you get a primary research position it sucks. Tell her stay strong and keep at it – she’ll get one eventually.
Many thanks. I tell her to keep networking.
Wow
Impressive education sir.
I do wish see finds success
People think I am joking, but nowadays, I make a point of keeping a good tan on my face.
As most initial interviews are made via video-conference nowadays, I make sure I won’t be cut early during the selection
Creative accounting to produce part time jobs in service industries and were snapped up by people needing 2 or 3 jobs because they pay a pittance and no-one could survive on them
I was black pilled years ago when I read the book of Revelation but the silver lining is the blessed hope. The Collective West is an example of Timothy 3:2-3.
Now a bishop must be above reproach, the husband of one wife, temperate, sensible, dignified, hospitable, an apt teacher, no drunkard, not violent but gentle, not quarrelsome, and no lover of money.
1 Timothy 3:2-3
Ya know, that doesn’t sound like the West I live in. 😊 I think you mean 2 Timothy 3:2-3.
The book of Revelation is very encouraging. Try reading it out loud all the way through in one sitting.
The layoffs are top-line well-paid jobs. These individuals have discretionary income. No job, no spending. This will spill down into lower paying jobs like Starbuck baristas. The trend is for more unemployment in the months ahead.
Ah yes, those seasonally adjusted figures. They can be surprisingly friendly.
A bit like when Biden re-defined what a recession was, with the full support of loyal servants such as Yellan.
The majority of jobs created now are low on hours, money and benefits, i.e. junk.
Another great column.
Larry,
You must not have watched tonight’s local news or you would know about the urgent need to workers in restaurants and agriculture (guess how many millions who came in illegally can now get DACA’d) and of course health care (where the Covid shot is still required and those fired for not getting won’t be getting rehired).
Remember when the Philadelphia FED had to bail out Biden with an actual Q2 job number a million lower than stated?
https://nypost.com/2022/12/22/biden-administration-overstated-q2-job-growth-by-1-million-philadelphia-fed/
This website is an aggregator for tracks layoffs and closings.
https://www.dailyjobcuts.com/
2008 GFC was an accounting crisis. The accounting has been wonky since Reagan.
We’re nowhere close to being out of the accounting crisis.
The only meaningful employment barometer is the percentage of men 25-55 employed full time. The US comes out looking crappy compared to many other countries, and historically, comparing various time frames, it gives a lot of clarity, and is much harder to game.
Agreed – Stockman also looks at men employed as well as what he calls Breadwinner jobs.
“Many of the companies said they grew too quickly in recent years and must cut costs to boost profitability…”
Here, in a nutshell, is the US religion, the god the whole country bows down to: Profit
There is only one holy word in US society: Profit
There is only one accepted ideology in the land: Profit
There is only one economic/financial principle that rules every transaction: Profit.
Shouldn’t a few thoughtful people in the country consider the nature of their social arrangement rather suspicious? Isn’t the nature of man (male and female) any higher than to be measured up by such a depraved god, Profit?
In contrast, two swear words profoundly disquiet every well-born, free-born US individual, namely, “social responsibility”; they are a poison chalice to the US brain-(less mob).
(In the last twenty years or so the Russian government, under Putin, approached several companies, here and there, when they were about to shut their doors, or lay off employees, and presented them with a stark choice: “Your either keep your work force and the company running or the government will take it over” As far as known, they decided to keep their assets – just with less Profit – or else)
But such gestures of social responsibility on the part of the government are sure signs of “communist”, “socialist” anathema.
There is a great video floating around of Putin having a meeting with the owners of some obscure factory in the hinterlands that‘s going to be shut down. He rips them new a**holes.
The looks on the owner‘s faces is priceless
I was especially impressed by the way he asked for his pen back.
Well, we don’t have to worry about our House of Representatives embracing any such regard for social responsibility; they recently voted [329-86] to condemn any and all such notions:
H.Con.Res.9 – Denouncing the horrors of socialism. 118th Congress (2023-2024)
https://www.congress.gov/bill/118th-congress/house-concurrent-resolution/9/text
“… Resolved by the House of Representatives (the Senate concurring), That Congress denounces socialism in all its forms, and opposes the implementation of socialist policies in the United States of America.”
(One needs to read the full resolution to appreciate what a mendacious crock of sh*t it truly is.)
So now, according to our Congress, it’s “Fascism all the way!”
Brilliant move by the Republican Party. By getting everyone on record, it put the final nail in the coffin of the idea of a sovereign nation-state ever arising on the North American continent.
It also sent a message to the prime enemy, sovereign China, that when we come for you, we will be unified of purpose.
Mostly though, it was needed reminder to the people who matter; the Democrats are just neophytes when it comes to the neo-liberal globalist game, while we, the Republican Party of the United States, are the one, true, historically certified masters.
No one has ever bent the knee deeper to the neo-liberal globalist class than the GOP, and no one ever will. Remember that always.
So donate to us, and not to them, and restore to us our former glory, as the greatest whores on the planet.
What is your point ?
Unfortunately, though, only 86 House Democrats opposed this blatant McCarthyist maneuver. While Republican approval was indeed unanimous (3 not voting), the majority of Dems voted “yea” (109) or present (14), also with 3 not voting.
Welcome to Weimar Amerika!
good points @Sam
As many above have stated. Good jobs with benefits are disappearing. The job growth is in shit jobs, most of which are part time. So, the people involved get a second and possibly third job. Look! Three job openings were filled!!!!!!. I didn’t plan it. But my life worked out well by accident. Military tour. Got a golden bullet. Free VA health care and a nice tax free check every month. College I then busted my ass thru with three jobs and no loans. Didn’t like accounting. FAA was hiring 6 years after the PATCO strike. Radar controller for 10 years until a brutal car wreck took my flight physical and on the beach. Another government check coming in. Went into Law enforcement because in a fucking police state I want a badge. Did 12 years and got a carry a gun anywhere card. And I get treated like a human when I get stopped. I tell people. There is no security in this country anymore except in fucking government jobs. They are the only ones with a PENSION. And they will chase the last taxpayer down and rend him for his bodyfat to pay it. It sucks, and its bullshit. But it is the way. And by the way. Tulsa is paying a 15K hiring bonus for the police department. Any 4 year degree will do. You get some years in, and you’re knocking on 80 to 90K. And in the declining savagery of America, you get to wear a vest and carry a gun openly. It is actually, all police union bullshit aside, a safe job. Police officers are so far down the dangerous job list you can’t see the top. And you get a PENSION at 20 or 25 years. The only growth industry in America is government.
Railroads are always hiring. The government thinks so highly of these people they are not allowed to strike. Hmmm? Plus you get a first hand economics course in wealth extraction from North America and see how the finished products come back from China with value added. ( or you could go take an economics course and bullshit people about how things work) Union Pacific advertising bonuses right now. It isn’t easy but beats listening to over educated debt ridden cry babies about student debt relief. Quit dying your hair kids and get a real job.
And the secret Grant is study the problem. You LIKE female studies? How the fuck does that a mean a job will be attached? I need a job that is my PASSION! I always followed the money. You can buy passion with money. Your example railroads is perfect. The work sucks. The vacation and sick time is a joke. The pay is great. Choices.
I’m sure this doesn’t apply to your niece, but most of those getting laid off, especially in the “tech” sector, are utterly useless whiners who are much to blame for the heinous morass our culture has become, both online and in meatspace. The most idiotic excesses of wokeology are down to them and their puerile shrieking and pointing, as well as most of the other offenses of “cancel culture” and ESG.
What I’m saying is, I’ll be glad to watch them starve or sell their disgusting bodies just to survive. The depopulationists aren’t entirely wrong, they just need to be more selective.
“Mark Twain once said there three types of lies. Lies, damned lies and statistics.”:
https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjmZw5KKQUaXjlQQcnklm6kgh5rXM0WNNlGmbs4DpFh8rX3fdBJAzxVii6srsLn2MYTMnFV6BH4lErDiL3IGuoMkoRkplaPqhqCaXiiuKUraRfPqdcKsUKULtjLibMJ4J0gDfpMNLvO0dNUhRGZordGOdHVsrQ7wvvpmCzN4p-QfC72hEuX1xPuT9Iw/s410/LIES.png
Mark Twain once said:
I wouldn’t piss on you if you were on fire.
That was a mayor of Boston to Pats owner Kraft, back when Kraft want a stadium in the South End of Boston.
Bob,
What the ?
“What I’m saying is, I’ll be glad to watch them starve or sell their disgusting bodies just to survive. The depopulationists aren’t entirely wrong, they just need to be more selective.”
A drunk Bill Burr makes more sense than Bostonians like you.
https://www.zerohedge.com/economics/what-was-behind-todays-wow-wow-wow-jobs-report
What Was Behind Today’s “Wow, Wow, Wow” Jobs Report
Tyler Durden’s Photo
BY TYLER DURDEN
FRIDAY, FEB 03, 2023 – 12:44 PM
I always laugh at those numbers in a nation of 330+ million.
Wait a minute 330+ million wert de ferk? (honk!)
No one working means UBI and CBDC.
No depopulation shot no bennies and stimmys.
At least the tweets aren’t mean.
The Biden team is quite good at lying about everything. From the war in Ukraine, JCPOA, Nordstream, Taiwan… to domestic issues. It’s one huge bubble of lie they have fashioned, forcing everybody to live in it, too. When a society reaches this colossal lie stage it means the end is near. Hopefully, a revolution will change things for the better for the Americans. That’s what the world is waiting for.
I think it’s the question of either to believe El Presidento or our own lying eyes?
I wouldn’t blame all on Biden. There was bubble of BS-jobs and it is bursting. In many companies there are tons of BS jobs that do not produce anything like compliance, diversity, and so on. Musk set a precedence by firing tons of twitter staff without impacting the product of the company.
Also not to underestimate is the effect of the covid lockdowns. With people staying at home for month and doing nothing else then having zoom calls the former equation of productivity is time being present was challenged and it suddenly was obvious which jobs did not contribute anything.
So it is not Bidens fault that the corporate world is full of bs jobs which provide income for way to many college grads. The BS job bubble is bursting, and maybe that it bursts right now is Biden fault, but it was only a question of time.
It’s Biden’s fault.
I recall telling a coworker in food company after he was telling about the perks his brother had working for google in some BS human resources job that the day will come when the some guys at the top figure out they can increase their take because company gets by with less people. Twitter exposed the amount of BS jobs plus Joe Blow the analyst makes a 30% premium employed by google. He will be looking at jobs at half the pay. I wonder about racial/gender makeup of the layoffs. Some of the allegedly
underserved are poison in work environments due to DEI. A lawyer friend call it Supplemental Retirement Program for the (you fill in the blank).
It is like they sit around and plot this stuff. Funny the woke companies like Google go after the alleged slighted with top notch lawyers who hold back nothing. The complaint in college about grabbing a female’s boob in college while both swimming naked-which was the offended’s idea), the drunken dorm party damaging a visitor’s car. Fair game fighting a discrimination lawsuit. Got to keep up with maintenance of the 175 foot yacht.
Maybe these layoffs part of a larger trend, where people are getting out of USD denominated assets because a growing perception exists that the USD is no longer a safe place to park assets. There must be repercussions from freezing $300 billion in assets or blowing up pipelines.
Larry,
Something for your golfing buddy to check out, might be useful – a deep dive into the technical aspects of blowing up the NS pipelines.
https://sprengtechnik.de/sprengung-nordstream/
What informative comments. I am sure that other “democracies” will be going the same way. I was especially impressed by mondo cane 11 feb. 23. 52
Mondo Cane says
11 February 2023 at 23:52
“Strange how you just described how Kolomoisky managed to bilk the IMF out of billions. Gov’t. shadow contracts with Kolo shadow offshores prepaid with IMF funds for shadow goods never to be delivered. Fold the company and on to the next.
Not to offend any Jews here but there’s an old saying I heard for the first time in Moscow in the 90’s.
“Wherever a Ukrainian’s been, there’s nothing left for a Jew to do.”
It’s actually meant as both in the positive and negative sense I was told, i.e. both being entrepreneurial and industrious or both being master scam artists. Somehow though, the scam artists always seem to come out ahead and not only in that neck of the woods.”
Reply
“Wherever a Ukrainian has been, a Jew has nothing else to do.”
This maxim has another option: “When the Ukrainian was born, the Jew started crying.”
If you want, I can introduce you to the worldview of a typical resident of Ukraine (not necessarily an ethnic Ukrainian). The worldview is clearly manifested when answering topical questions (challenges).
Follow the link
https://alternatio.org/articles/articles/item/115007-gipoteza-ogranichennogo-ponimaniya
Argument (Russian) – Answer (Ukrainian):
— The West will not supply Ukraine with weapons and equipment in the volumes necessary for a successful counteroffensive, and Europe and America simply cannot train the necessary number of Ukrainian soldiers to use Western military equipment. As a result, all the delivered “iron” will either smoke in the Ukrainian steppes, or be delivered to Russian defense plants for study.
— The equipment supplied by the West will burn, so what? Oh well, that’s even better! Finally, the Americans, the British and the Europeans will understand that it’s time to join the battle with the Russian army themselves! To begin with, they will arrange for you the Second and Third Tsushima in the Black and Baltic Seas! And then they will march on Moscow with a huge army, and your Putin will be forced to either flee or sign a surrender!
— The West has recognized that the losses of Russians are an order of magnitude less than the Ukrainian “two hundredths”.
— Yeah, so what? When the West turns against Moscow with a huge army, the losses of Russians will already be several times greater than those of the troops of the Kiev regime.
— The Ukrainian energy industry is breathing hard.
— Yeah, so what? Thank god! Western companies will simply be forced, so that Washington, London and Brussels do not lose face, to rebuild power plants for Ukraine using the most modern technologies.
Thus, Ukraine will be able to upgrade its energy infrastructure and finally get rid of dependence on the hated Russians, as well as the Soviet backward energy heritage.
— Ukraine has no economy left.
— Yeah, so what? It’s for the best! Now the West simply will not be able to get away from the development of the “Marshall Plan for Ukraine!” Modern production facilities will be built throughout Ukraine, where Ukrainian workers and specialists will receive high salaries.
Thanks to this “new Ukrainian industrialization”, Ukraine will make a huge technological and economic leap forward, leaving the “backward” Katsaps far behind.
— The Ukrainian budget is filled exclusively at the expense of Western injections.
— Well, it’s logical and good! Europeans and Americans are already financing Ukraine, and they will continue to finance it until they rebuild the economy, and the standard of living of Ukrainians will not be equal to European and American!
— Loans.
— I beg you, what loans? This is all the nonsense of Russian propaganda!
Even if the West says something about the loans it provides and will provide to Ukraine, then it’s clear that all these loans will be written off later, and Ukrainians will not pay anything to anyone!
In extreme cases, Westerners will hang these debts on the defeated Russians!
— Demographic losses.
— What are you talking about? Well, yes, a dozen million have left, so what? As soon as the standard of living in Ukraine increases rapidly and sharply, those who left immediately return back! And even if not everyone returns, a high standard of living will ensure the restoration of the demographic potential of Ukraine in the shortest possible time!
___________
I believe that Europeans, especially Americans, should be proud that promises and money have brought up such devoted fans in Ukraine, admiring the power of the West. (I smile).
“Biden is lying.” Oooh, shock!
Biden is a politician. You can always tell when a politician is lying: their lips move.
Larry,
Interesting group of retired military with similar approach as yours – Eisenhower Media Network
https://eisenhowermedianetwork.org/media/
David Stockman used to write about this all the time – its been going on for many many years (although less imbecilic decades ago). The gov’t assumes (with no evidence) that millions of jobs were created (usually in bartenders and waitresses) and just adds it to the numbers. Sounds like the claims the US always makes about China.
As doctor of computer science I think a bit unfair the treatment we receive as “useless workers.”
Why I say “a bit?” From one side our civilization runs on software. This is not an exaggeration, just to put stuff in prospective the average car has 30 computers in it (computer as “computing machine,” not as “laptop”). Computers control the engine, the fuel flow, the brakes, and basically everything. Even agriculture uses computer in industrial scale to improve production. Industrial machines also are software controlled. And of course the whole financial system works thanks to software, you won’t find banks keeping track of bills by hand. Of course you can read this very message or do video calls thank to code.
Actually, it is hard to find fields where computing is not involved even indirectly.
The interesting part of all this part is that is an invisible foundation we give for granted.
But the work of those people deserves credit, they made our world better.
On the other hand companies now push the idea of “added value” and the consequence are changes in products. Most changes are needless, but even if needless changes require workforce and eventually it become clear that are needless costs. (Probably that is happening now.)
In addition, since we are in the era where everything is internet connected (even stuff that makes no sense, like fridges) companies pushes the idea go fast, break and fix in the idea that arriving first in the market is more important than quality. Slowly but surely, we also saw that the “fixing” part is happening less and less. There is an over focus on the visible (and marketable) part.
Furthermore, for many position the quality of the computer scientist is irrelevant. As long you can do “something” it is fine. For far to many (citing a great computer scientist) “programming” has become a strange combination of unprincipled hacking and invoking other people’s libraries with only the vaguest idea of what’s going on. The results is barely usable fragile software.
Yeah, I like the computers in everything, code is law thing. How does software that cannot be adjusted by the owner of the agricultural machine — no “right to repair,” have to wait for a tech from Harvester to fly half way across the country to unlock the code and allow even the simplest maintenance and fixing.
And all those “computers” in cars that are forcing small garages that used to keep your car running out of business.
What’s the endpoint, I wonder? Looks like ChatGPT and other AI are all converging on the Singularity, https://en.wikipedia.org/wiki/Technological_singularity Really comething to look forward to, right?
GAAP(Generally Applied Accounting Principles)OK? Then I see Grope On(I mean Groupon) report NON GAAP numbers,what? Eisenhower Network alumni Danny Sjursen wrote @ Truthdig(maybe lefty?)but his American History for
Truthdiggers is excellent, also saw a Cspan pres by Daddis on Propaganda post WW2 he lectures @San Diego State-Wilkerson reminds me of Bacevich- trying to RECURVE the Arc of FUCKUPS.
C’mon man! I’m sure their economic and employment policies are safe and effective, and their stats are rock-solid and reliable. After all, its official government data…
All companies that made crony hires over the years to keep regulators at bay. They see that reform is coming and are laying off the dead weight. In other circles these are being called “surplus executives,” people who never impacted the quantity or quality of product while drawing healthy salaries with benefits the likes of which normal people have stopped even dreaming about.
Whistles are being blown and since the crony hires no longer serve their purpose (protection from regulators), they’re being jettisoned and future employers will quickly wonder just wtf these people did to earn their pay at their previous job.
This happened in the ’90s with companies like AT&T, Prudential and Honeywell.*
*Worked with some HR consultants many years back who told me how Honeywell laid off an entire floor of vice presidents and afterwards no one in the company could see any difference in how things worked.
Sundance at the Conservative Treehouse has been discussing this for; well ever since the White House occupant was installed.
When the government redefines the very definition of inflation and lies with every breath only a zombie would prod along
The ominous side of this is the burning down of the bridges as Americans sleep walk right off in Venezuelian dystopia.
I believe the official statement is, “Some people lost some jobs.”
Shadowstats, referred to by a couple others above, recently stated this:
“… although not exactly comparable with the December 2022 and annual Household Survey revisions of the time, headline January 2023 Unemployment U.3 moved lower, from 3.47% to 3.43%, yet the broader, headline U.6 moved higher from 6.53% to 6.64%, with the more comprehensive ShadowStats Alternate Unemployment measure rising from 24.4% to 24.5% on top of the U.6.”
If we counted things like we did in 1980, inflation would be circa 15% and unemployment would be circa 25%, just to keep the current Biden economy in a fair comparison to the Carter economy.
Keep on importing figs and you’re in trouble. Oh yes, and ships.
The companies that state they’re implementing a 10 percent workforce reduction may be as misleading as government statistics. The percentage is higher and will become considerably larger as the depression worsens.
Saw this earlier, the Republicans have now said there will be NO REDUCTIONS in “defense spending” because “balloons threat.” https://thehill.com/homenews/senate/3853482-chinese-spy-balloon-has-gop-saying-no-cuts-to-defense/
So billions more for Zelensky to skim, billions more for effete “Weapons Systems,” billions more for Pie In The Sky constant ratcheting up of “our” attempts to threaten the rest of the world into doing “our” bidding.
I also see that Trudeau has claimed a cut of the “war presidency”
meme by saying he’s the one who ordered the USAF to “take down” the whatever-it-was (maybe US Weather Service sonde balloon?) over the Yukon. https://www.express.co.uk/news/world/1733688/canada-us-shoot-unidentified-object-airspace-US-F22
In the meantime, Dopey Joe has pinky promised no cuts to Social Security or Medicare — lying through his “Grand Bargain” teeth of course. Latter attacks likely to be aimed at young people who already are vastly disaffected with the fcuking hot mess the folks with the clout have turned this country into, since us older folks still vote and they need people to vote in the “elections” that present no choices and give the middle finger to the policy preferences of the notional “electorate” to prolong the false “legitimacy” of this caca-kleptocracy.
It’s a bummer, seeing how we mopes are strapped into our seats on the bus the plenipotent are driving off the “All Empires Exit Here” cliff. Eyes. Wide. Open, like the people on that DC-10 that crashed at O’Hare Airport a generation ago, with the out-the-cockpit-windshield view up on the video screens in the passenger cabin…
As Mark Twain said, “There’s lies, there’s damn lies and then there’s statistics!” I’d add on, and then there’s government statistics.
The headline employment number doesn’t differentiating between full time jobs and part time jobs. Thus, someone gets laid off from a full time job and finds two or three part time jobs to make ends meet, and its a gain in jobs!
Similar shanannigans happen with inflation.
Unfortunately for the younger generation, the older “me” generation has squandered their inheritance. But somehow we have billions to squander in neocon wars.
We have the best government money can buy!
The U.S. economy produced 500,000 jobs last month.
The U.S. did not blow up Nord Stream 2.
Ukraine is winning.
Inflation is at 8%.
The Covid vaccine is safe and effective.
Fauci played no role in funding illegal gain of function research in the Wuhan lab. Besides, the virus came from a wet market.
There is no correlation between the shutdowns of entire societies, billions of jabs with an experimental gene therapy drug for which the manufacturers have zero liability, and the number of excess deaths subsequently seen.
Epstein committed suicide.
Arab terrorists who couldn’t fly a Piper Cub took out the three massive skyscrapers with two commercial passenger jets that evaporated and attacked the Pentagon with another jet that evaporated. We know it was them because we found an intact hijacker’s passport in the rubble.
Saddam had WMDs.
U.S. economic sanctions on Iraq that killed half a million children were worth it.
Osama bin Laden masterminded 9/11, even though his FBI wanted poster made no mention of it.
We spent 20 years at war in Afghanistan because…Osama. Good thing we killed him and secretly disposed of his body. So what if it cost us trillions of $.
JFK, RFK and MLK were killed by lone nuts.
The Vietnam War was a noble effort.
And they all lived happily ever after.
Mark Twain: “There are lies, damned lies, and statistics.”
Ronald Reagan: “There are lies, blinkety-blank lies, and statistics.”
Always that prudish bit to appease…what? middle America? something I never liked about Reaganism. How everything was so 1950’s wholesome, while in the 80’s, we could see a moral rot continuing, and the corporate rush to whack working class America was gearing up. But Reagan and that America is gone. You wonder if, in ironic sense, Reagan made the decline possible while at the same time fighting it.
I’m 70, a security guard, and like my job. It’s low pay, almost no benefits (they took away pay for vacations; no sick days), but I have SS, have saved up money, and I’m happy with life, and do a 32 hour a week day. The company is having trouble getting employees; Covid started it, and a lot of people just don’t want to work, or are blacks who are not good at anything except standing around and texting.
We do contract work for AT&T. The company gutted thousands of jobs 20 years ago. I recall hearing employees angrily complain they had to train third-worlders to take their job or they wouldn’t get any kind of pension or buy-out. Morale was terrible, and the union seemed useless. AT&T also spent millions on Warner Communications and three million dollar raises for their heads, but nothing on building maintenance. As it is, buildings are in terrible shape. Most maintenance men are in their late fifties and sixties; there are no young men being trained. A lot of contract help is used, and they aren’t well-trained. One contract employee doesn’t know how to do building refrigeration, and you can’t run a modern building without it. Elevators and generators are old and breaking down, but all the dough went to Warner, those hotshot salaries. It’s an example how things are falling apart here and there, and you wonder what will replace it. Things aren’t being fixed, parts are unavailable or getting too expensive, and the contract supervisor “lets it go until later.”
I expect those at the top don’t care; they have their millions, and a jet to whoosh off to an island they bought. There simply is no communal sense in anyone or anything. It’s as though our treasured individualism is, finally, our fatal flaw.
Also, on police jobs: my brother is a retired policeman, and, yes, he flashes that badge and gets all kinds of goodies.
On Grant and RR jobs: They are well-paying and needed, but I’ve met two retired RR employees, and they had forty percent hearing loss. Trains are noisy; almost as bad for your ears as artillery.
Thou shalt not lie is written in the bible, but not in law books. So, who cares? Maybe God, but God will punish later…
And finally, there is the 11th commandment: Don’t get caught.
Elections are not enough to allow democracy flourish. Also the communist states offered elections.
The USA was created by a revolutionary act. But now, a revolution is no more legal. Sorry for that.
In my business we have a serious problem of finding workers. Not necessarily college graduates but people with technical skills, 3-phase motor systems, VFDs, instrumentation, PLC familiarity, mechanical skills, pumps, hydraulics etc.
In many of my client sites the skilled workforce is near or even past retirement age and finding people willing to work and gain these skills is extremely difficult.
This is a real problem even for light manufacturing.
Entry level engineers these days are the most unimpressive bunch I’ve had to work with ever.
Sorry, but focusing on the “unadjusted” number is a mug’s game.
There are legitimate reasons for the seasonal adjustments.
The scam isn’t in the adjustment algorithm – the scam comes when the later revisions come into play. This is where the algorithm estimates are compared with real world data like surveys and what not.
When times are good, the revisions are generally upwards (more jobs) whereas in bad times, they will almost always be downward. I would expect downward since we have decadally high interest rates.
Nor are the examples of big company layoffs terribly relevant. If you look at past 1st quarters, you will see more laundry lists of layoffs occurring. This time around – the tech sector is cutting back after 3 COVID years of unprecedented good times combined with Musk showing that you can cut at least 30% of staff…
Snyder is either incompetent in not understanding the above, or confirmation biased.
Larry; Be careful attributing truth to Mr. Snyder. I read his early works for some time until I experienced he simply copies other people work, sometimes a couple weeks later, sometimes 6 months later. He is more of an aggregator of old news. Go back and look carefully please.
I have learned to recognize “fab” (as in fabulous or fabricated”) bs since we have been forced to eat it.
At least he has removed his revolving bust of himself from the main page. Ego is dangerous when it fights with reality.
I don’t believe Snyder and theeconomiccollapseblog, either. I never did, and I looked at it before.
But just to be sure, I read the linked article, and I could find no substantiation of “3.5M jobs lost in January”. No link, no reference. Nothing. Sanity check: That 3.5M is a really HUGE number. If it were true, you would notice it in other ways.
I admire you greatly, Larry, and everything you do to stop war. Just want you to know that this article is very unlikely to be true.
The layoff announcements are linked. How do you dispute those?
My mistake. I thought I had read 3.5M but it was 2.5M “unadjusted” and *that* was in the Bloomberg article (as quoted, behind a paywall), used archive.ph to get the whole thing.
Maybe I was wrong about dis-believing Snyder/TECB. I had read TECB years ago and had decided at that time it was less reliable. I could be wrong.
Most kids these days can’t even change a tire, solder a radiator leak, or rebuild an engine let alone run a metal lathe or other complicated manufacturing equipment. They just didnt grow up like we did with hot rods and knowing how to do practical things because we didnt have video games to fill out our free time. Maybe these mexicans Biden is importing can build the weapons.
Sorry Larry, I only believe the statistics that I personally falsify.
A good President would suspend STEM visas and stop renewing existing ones. Americans would cheer!
The Labor Participation rate is not gamed, but does include part-timers seeking full-time work, and does not include retirees seeking work.
https://www.bls.gov/charts/employment-situation/civilian-labor-force-participation-rate.htm
I would suspend H1b work visas. Make American high tech companies in particular start hiring American workers and STEM graduates.
No.
The economic metrics are all BS and designed to reflect favorably favorably on the government’s actions
Also, the quality of jobs created matters.
I guess this can join Biden’s claim that COVID is over.
Incidentally, Paul Craig Roberts has advocated a website called “shadowstatistics”, if I recall correctly, as a source of accurate economic data.
Shadowstats is not accurate either. What they do is a good reference – using 1980s era inflation calculations – but it is not accurate because what we consume today is not the same as what was consumed in the 1980s nor are the US population/demographics/income breakdowns.
A simple example: US households spend far less on food and energy today, as a percentage of income, as compared to say 1982. Household energy spend is 7.x% today vs 11% in the early 1980s; household food spend today is 10.3% vs. 13.2% in 1982.
Energy spend: https://www.chicagofed.org/-/media/publications/chicago-fed-letter/2006/cfljune2006-227-pdf.pdf
Food spend: https://ageconsearch.umn.edu/record/154630/?ln=en
These differences are just examples – the changes overall are very significant, such that Shadowstats methodology should not be considered accurate.
German petition for peace – after 24 hours; 390,000 signatures
https://www.change.org/p/manifestfuerfrieden-aufstandfuerfrieden
Pass it on
Interview: Martin Armstrong on 32% Inflation
Blog/Armstrong in the Media
Posted Jan 14, 2023 by Martin Armstrong
https://www.armstrongeconomics.com/armstrong-in-the-media/interview-martin-armstrong-on-32-inflation/
2022 Inflation is Final – 32% for the year
Blog/Economics
Posted Jan 2, 2023 by Martin Armstrong
Our Independent Inflation model has calculated that the combined rate for everything from food to transportation came in at 32% for 2022. That is a far cry from the official number. This is simply calculated by Socrates from an unbiased perspective. Thank you, COVID & the Russian Sanctions. What a new wonderful world the Biden Administration has created.
Don’t forget Intel. They are in big trouble.
Intel Begins Layoffs In California, ‘Voluntary Unpaid Leave’ Program
https://www.crn.com/news/computing/intel-begins-layoffs-in-california-voluntary-unpaid-leave-program
While Intel has not specified which positions would be cut or how many workers would be affected overall, the company in late October signaled to analysts and investors that it would look to cut costs by $3 billion in 2023 and up to $10 billion by 2025.
Intel in October reported a 59 percent year-over-year decline in net income to $2.4 billion and a 15 percent year-over-year drop in sales to 15.3 billion for its third fiscal quarter ended Oct. 1.
Here is the really sad, never said fact about gainful employment in the US:
Per my own computations (using labor data + extrapolations, based on what I know in the field), the totality of Aerospace and Defense related jobs (including not just the major, but the entire, huge supply chain of vendors), these jobs account for well over 30-35% of the most secure, best paying middle class jobs in the US. The jobs, as I count them include numerous small businesses that depend on those SBIRs, as well as plenty of academic positions + graduate students + Post-docs who effectively live off those DoD, NASA and DOE contracts. Not to mention an army of consultants and gainfully employed think tanks “thinkers” + a huge assortment of lobbyists for pretty much everything remotely military/defense related.
The counting is tricky, to be sure, but my own algorithm has 3 additional, middle class and upper middle class employed per each aerospace and NASA and national laboratory and defense establishment employee. The numbers do add up in a hurry.
Mind you, these are mostly higher paying jobs that are pretty secure and come with benefits.
Plus they are distributed all over the 50 states which ensures that no elected congressperson will ever dare vote against the gargantuan defense budget 9which in truth is well over $1.2-1.3 T when everything is added in, including guesstimates for the black programs).
What does this leave for the rest of the economy? especially the good jobs generating economy? not so much, when the size of the US labor force is taken into account.
Worse yet: given the limited discretionary budget, the huge chunck taken up by all the MIC flora and fauna, leaves, effectively peanuts ofr all the other agencies. Including NSF, NIH, FAA, FDA, Dept of agriculture, education, Medicaid etc etc. Indeed, per my 9admittedly approximate) calculation, the Chinese budget for their equivalent of NSF dwarfs the US’s by a factor of3, even wgen accounting for the difference in population.
And that, ladies and gentlemen, is how Empires decline, and cannot stop the downhill slide, no matter how many point it out and no matter how many capable, willing and able workers are out there.