Scholarship table
Absolutely and to Hards point earlier, it seems everywhere I go there are hiring signs posted. There was a big segment on local news last night saying how hard it is for companies to find employees which for me is an obvious sign that people simply don’t need the money right now because of all the stimulus being pumped out combined with rent/mortgage moratoriums, not having to pay student loans, etc...We’ve unfortunately created this delayed timeline of folks returning to work through unnecessary policy (wouldn’t call it bad) just not needed.
I think we're there. There are hiring signs everywhere. Rural, Urban, and suburban. I think what might be a major hiccup is that there are a lot of single parents out there that want jobs, but school is ending and a lot of summer programs are not going. I know plenty of people who depend on child care from family members and summer programs for their kids so they can work. Without that infrastructure in place they're having a hard time getting back to work.
One of the ways companies can attract more workers is to offer more money. Crazy right?
There's a million jobs out there. Today. Anyone who wants to work tonight's fish fry shift can. We are so far from 'You don't work, you don't eat' it's unprecedented.
Summer camps and events for kids are in full swing this year.The only exception might be overnight camps, but haven't seen much in the way of a decrease.
FWIW I'm catching more and more rumblings of job seekers looking at the choice between minimum-wage or near-min-wage jobs and unemployment as one of "poverty and misery at the cost of exploitative labor" vs "poverty and leisure." To those voicing these opinions they see no material difference between 9-10 hours of miserable work with no pathway of advancement that still leaves them accruing life-defining debt and... not doing that.Maybe it's the rise of the gig economy creating unintended consequences, maybe its the social safety net creating unintended consequences, or maybe its labor making the choice that work at the wages offered isn't acceptable.I honestly don't know the cause, but I suspect it's a multi-factorial solution.
I saw this yesterday. Will affect my company negatively on lead times but positively on sales figures.Copper is ‘the new oil’ and low inventories could push it to $20,000 per ton, analysts sayPUBLISHED THU, MAY 6 2021 12:37 AM EDTUPDATED THU, MAY 6 2021 11:50 AM EDTElliot Smith@ELLIOTSMITHCNBChttps://www.cnbc.com/amp/2021/05/06/copper-is-the-new-oil-and-could-hit-20000-per-ton-analysts-say.html
I've seen plenty of billboards advertising wages starting from $17-$22 for warehouse/factory work. I think that is a fair starting wage for anyone without any sort of college degree. Disagree?
Well that's not really true. The rent/mortgage bill will come due, in full, whenever the feds or the courts lift the stay. Rent was never frozen, just the landlord's rights to evict were restricted (in certain, but far from all, circumstances)
As someone who worked in the apartment business for close to a decade, here is my prediction of how the delayed-eviction situation will play out.The minute the moratorium is lifted, the required 5-day notices will go out. The smart landlords will encourage these people to move out rather than go through the expense and hassle of eviction, and may even offer to give them a good reference to their new landlords. That way they can rent to someone else - even to someone who is skipping out on another lease - as long as they have the current income to afford the rent. In the meantime, they work out a payment plan with the former tenant and send the debt to collections if that doesn't work.The issue with evictions is that once you file for eviction, you can no longer accept money from the tenant, and the courts will be backed up forever. Even in normal circumstances, an eviction that leads to having to call the sheriff to put them out on the street can take 4-6 months or longer. Now it will probably take a year or two.Any any case, I doubt that any landlord will be made completely whole after all this. The big companies can ride it out, but there are a lot of smaller landlords where rent is the sole (or major) source of their income.
Not all of them, brother.
Well said.I don't agree that current unemployment benefits are completely to blame here. In fact, most small scale studies on UBI would indicate that isn't the problem at all.
Chamber of Commerce laid the blame primarily at the feet of the increased/expanded benefits and called for them to be shut down. The more I’m reading about what appears to be waiting for us around the corner, the more bleak it appears.If we’re truly on the brink of hyper inflation and increased rates, any recommendations on what to do with IRAs etc?
Easy does it chicken little. We're a far cry from hyper inflation.Even if inflation increases, which I'll concede is probably a reasonably likely near term outcome, it would be a regression toward the mean of longterm average inflation rates. We've been operating in a fed-controlled low-to-zero inflation environment for so long that the idea that 3-5% inflation seems like a catastrophe when really it's probably more the norm than anything else.
Chamber of Commerce laid the blame primarily at the feet of the increased/expanded benefits and called for them to be shut down.
🤞🤞I’ll be the first to admit this isn’t my lane. Just been doing some reading and have been told on hear that 2% inflation is gov’t goal. More then double that would still be acceptable, honest question? What % is too much?
Let's take yours and my opinion of "fair" out of the equation.A good wage is whatever someone is willing to work for. Whatever the market will bear. Agree?