1876er said:

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No Spin Ag said:

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Athanasius said:

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than I ever have before. It's staggering.

And the ones getting jobs are taking massive pay cuts.

I think we are in for a very bad few years.

Who's bullish? Why?

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I'm bullish. The reason being is that I just earned myself a pay raise of a little over 20k.

Let the good time roll.

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You're excited about a ~1% pay raise?
Or is that your biweekly pay increase?

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Hourly of course.

I don't know a single person who has been fired or let go. What industries and companies are these happening at?

Better learn a trade.

Athanasius said:

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than I ever have before. It's staggering.

And the ones getting jobs are taking massive pay cuts.

I think we are in for a very bad few years.

Who's bullish? Why?

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You must be too young to remember 2007-2009. I graduated with an MBA in 2008 and couldnt find *****

Just got out of a call where exec said if we don't adopt AI quickly and correctly we'll potentially have to double the current employee count.

Clearly for executives, employees are a bad thing. This is going to get very ugly.

Because LinkedIn is the barometer for the job market.

It's pretty clear the MSM and Dem talking points messaging is out there and it's "everyone I know has been laid off!!" and "It's really bad out there"...because it's picked up noticeably in the last month, or about the time the Gov shut down which the Dems/MSN are desperate to blame on Trump.

You should have seen the Permian Basin in the mid 1980s.

Need higher quality friends.

El Gallo Blanco said:

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Athanasius said:

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than I ever have before. It's staggering.

And the ones getting jobs are taking massive pay cuts.

I think we are in for a very bad few years.

Who's bullish? Why?

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This is what is infuriating. So many benefits going to deadbeats, illegals and non-citizens. Yet there will be no real relief for those who find themselves out of work or forced into early retirement...people who have always done things the right way and paid into the system their whole lives. It's truly infuriating.

I hate that about this country. How loose we are with entitlements to absolute cretins and deadbeats. How we always give the middle finger to the middle and working class.

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Its because the ruling political and press class are basically unaccountable because they run interference for each other and their very destructive self-serving agendas.

Teslag said:

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shiftyandquick said:

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Don't worry, in several years we will have lots of new factories and sweatshops, that used to be in Asia. Many new jobs coming as we seek to make America the manufacturing hub of the world. Or at least, of America.

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Why would you not want more manufacturing brought back here?

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BECAUSE TRUMP!!!!

shiftyandquick said:

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If you are over 50 and have a senior-level good job, you better hold onto that job like nothing else. Because chances of getting an equivalent job are rapidly declining if you quit or get fired.

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This.

NormanEH said:

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Just got out of a call where exec said if we don't adopt AI quickly and correctly we'll potentially have to double the current employee count.

Clearly for executives, employees are a bad thing. This is going to get very ugly.

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This is the underlying issue. Its too expensive to hire in America. Not just the salary, but the benefits that go along with it. It is far cheaper to outsource/offshore. And guess what execs are going to do?

Equinox said:

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You should have seen the Permian Basin in the mid 1980s.

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Dot com bubble in 2000 was brutal, and 2008

I don't know anyone out of work, but it is an absolute bloodbath in Tech.
If you get fired/laid off, you are screwed.

It's been this way for about 4 years now, but really bad with a lot of H1s in the market. The Biden administration faked data, but the chickens are gonna come home to roost during this admin if nothing changes.

TommyBrady said:

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I don't know a single person who has been fired or let go. What industries and companies are these happening at?

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Tech, Logistics, and Retail to name a few.

Just got a notification from buddy at one of my former vendors. He got laid off today.

It's a **** show out there for many people. It's a reality.

ntxVol said:

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I work in an industry that's mostly recession proof, no real worries here.

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Sensual massage therapist?

Seems like many companies are trying to WalMart their way to profitability. Squeeze every penny out of the process. That is tough for employees of companies where the main expense is people.

samurai_science said:

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Equinox said:

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You should have seen the Permian Basin in the mid 1980s.

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Dot com bubble in 2000 was brutal, and 2008

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Oil has always been boom and bust. My Mom had some friends in Midland. That husband was in the junkyard business. He had a crap ton of pipe, drilling pipe. Market came back and he was a millionaire almost overnight.

YouBet said:

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TommyBrady said:

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I don't know a single person who has been fired or let go. What industries and companies are these happening at?

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Tech, Logistics, and Retail to name a few.

Just got a notification from buddy at one of my former vendors. He got laid off today.

It's a **** show out there for many people. It's a reality.

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Wait, over 40 after nearly twenty years with a company?

Flew from Midland to Dallas today and saw at least 20 (maybe more) mega-ish projects going on. It seems like there's work out there.

deddog said:

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NormanEH said:

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Just got out of a call where exec said if we don't adopt AI quickly and correctly we'll potentially have to double the current employee count.

Clearly for executives, employees are a bad thing. This is going to get very ugly.

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This is the underlying issue. Its too expensive to hire in America. Not just the salary, but the benefits that go along with it. It is far cheaper to outsource/offshore. And guess what execs are going to do?

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Need to get rid of certain mandatories. Workers need to be able to waive certain expectations in return for work if they want to. This making employers pay for everything not related to the job is not the most constructive of trends. If its just incentive, fine, but there seem to be various legal barriers and impositions. Like some of the issues with part-time work.

aggiehawg said:

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YouBet said:

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TommyBrady said:

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I don't know a single person who has been fired or let go. What industries and companies are these happening at?

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Tech, Logistics, and Retail to name a few.

Just got a notification from buddy at one of my former vendors. He got laid off today.

It's a **** show out there for many people. It's a reality.

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Wait, over 40 after nearly twenty years with a company?

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He's probably right at 40 but not 20 years. The company is relatively new - <10 years old, but I think he's been there since the start.

Logos Stick said:

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I don't know a single person out of work right now.

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Me neither. I'm retired and so are some other people I know, but those that are still working are all still working.

CDUB98 said:

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Teslag said:

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shiftyandquick said:

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Don't worry, in several years we will have lots of new factories and sweatshops, that used to be in Asia. Many new jobs coming as we seek to make America the manufacturing hub of the world. Or at least, of America.

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Why would you not want more manufacturing brought back here?

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BECAUSE TRUMP!!!!

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It was a little warmer today than I would've preferred for November 6 in Bryan, Texas.

I blame Trump. Damn him.

Maroon Elephant said:

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annie88 said:

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Athanasius said:

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than I ever have before. It's staggering.

And the ones getting jobs are taking massive pay cuts.

I think we are in for a very bad few years.

Who's bullish? Why?

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What industries are they in? Are they in their 20s? How long have they been working? Details matter.

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I can speak to my circle of folks right now..

Every industry (outside of aviation)
40's and 50's all white collar jobs
Tons of quality work experience, performance and all bachelor's and / or master's education levels.

There's no downplaying this. Things are really, really bad.

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Well, thanks for your input. I was really hoping the OP would answer. I have a feeling most of his friends are younger at the very beginning of their careers.

I personally don't know anyone out of a job all the way from their late twenties to 70s. But I guess it just depends on where and what you're doing.

Logos Stick said:

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I don't know a single person out of work right now.

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You must have a very small circle of friends/family/co-workers.

Quote:

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He's probably right at 40 but not 20 years. The company is relatively new - <10 years old, but I think he's been there since the start

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Okay that sucks. Cannot ever get pensions from a company much anymore. My Granddad worked for Humble, Esso, Exxon for 40+ years. He pulled that pension until he was 88 when he retried at 65 because he was forced to. He ran a farm for another 20 years, doing more physical work.

I work in Tech, and we are under constant rolling layoffs at this point. LinkedIn is littered with 'Open to Work' in all sectors of tech. My company specifically is targeting people 45-50+... many with 20-30 years experience with the company. They've decided that layoffs are cheaper than early retirement packages. These jobs aren't going away, but they are getting moved to Taiwan and India.

StandUpforAmerica said:

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Logos Stick said:

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I don't know a single person out of work right now.

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You must have a very small circle of friends/family/co-workers.

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Or maybe he's in an industry that is doing just fine,

And lives in a neighborhood where people are just fine,

and the people he is around are similarly just fine.

It's a biased sample either way.

I, likewise, don't know a single person out of work.

To assume it is because people have a very small circle of friends/family/co-workers seems more like a projection of your irritation that someone is offering entirely different anecdotal evidence.

StandUpforAmerica said:

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I work in Tech, and we are under constant rolling layoffs at this point. LinkedIn is littered with 'Open to Work' in all sectors of tech. My company specifically is targeting people 45-50+... many with 20-30 years experience with the company. They've decided that layoffs are cheaper than early retirement packages. These jobs aren't going away, but they are getting moved to Taiwan and India.

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Bold -- very, very bad idea. Italics --- not much better.

Let me guess…..prior service … and/or 20-40 years old?


I think, and this is probably going to ruffle feathers, people don't want to work. I've hired dozens of young guys over the years that have potential to make 200-900k a year if they just do the work….and they quit. Because it's hard. They have to get out early. They have to work past dark. They have to be UNCOMFORTABLE for a while and pay their dues to learn the job.

If you are currently seeing people out of work, it's because they aren't willing to do what it takes to work. Simple as that.

You don't have to be MF Barnes, you just need to try a little.

titan said:

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StandUpforAmerica said:

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I work in Tech, and we are under constant rolling layoffs at this point. LinkedIn is littered with 'Open to Work' in all sectors of tech. My company specifically is targeting people 45-50+... many with 20-30 years experience with the company. They've decided that layoffs are cheaper than early retirement packages. These jobs aren't going away, but they are getting moved to Taiwan and India.

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Bold -- very, very bad idea. Italics --- not much better.

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Yeah, that's short sighted as hell and an absurd strategic blunder. Wow.

When NIL drops and college coaching staffs are cut, we'll know it's real.