Global Depression 2022 - Time to do the Breadline Boogaloo!

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They may not even be aware of what happened last time. A lot of the history of the era is glossed over, or outright ignored in favour of simplified narratives.

Remember the 6 gorgillion, forget anything the left did wrong to cause the situation, because the idea that the left could do wrong is literally impossible. High school history classes teach the 6 million, but barely touch on the 120 million.

 

[Rome's rightful successor]

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The cope is strong with these idiots. "The economy is doing well" only because they've not yet managed to get companies to start shedding jobs faster than one of those marshmallow fluff dogs sheds hair. Practically every indicator otherwise is in the zone.

They are trying to delay this depression until after 2022 elections so that they can blamed on it's victors aren't they?

 

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They are trying to delay this depression until after 2022 elections so that they can blamed on it's victors aren't they?

Maybe some of them. But there's a scarier idea. They may not realize that the economy is so bad.

Basically they're claiming labor and low unemployment numbers mean the economy is doing great if not for this weird inflation and whatnot that's gotta just be transitory. BUT they're missing a key piece of the puzzle: America had 1 million COVID deaths and has 20 million people suffering from Long COVID. A significant portion of those people with Long COVID aren't returning to the workforce, but they aren't claiming Unemployment, either! Inflation means an increasing number of people are working two jobs which are skewing the numbers as well. That's your great Unemployment numbers -- the dead, the too sick to work, and the people who said fuckit and left the workforce.

Yeah, they're demanding the recession not be declared until it's suddenly the GOP's problem. But at the same time, they seem to literally think it's going to turn around now, any day now, because their shitty numbers (which they intentionally pulled some tricks with bonds to rig to what they think they "should" be) say the economy's just dandy.

Got all that from this fascinating article, which I think I saw on Twitter or Poast? Or maybe a few pages back?

Everyone Sings the “Strong Labor Market” Tune in Unison as the Band Plays on, and They’re All DEAD Wrong!

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attem…

thegreatrecession.info

 

[Kane Lives]

Maybe some of them. But there's a scarier idea. They may not realize that the economy is so bad.

Basically they're claiming labor and low unemployment numbers mean the economy is doing great if not for this weird inflation and whatnot that's gotta just be transitory. BUT they're missing a key piece of the puzzle: America had 1 million COVID deaths and has 20 million people suffering from Long COVID. A significant portion of those people with Long COVID aren't returning to the workforce, but they aren't claiming Unemployment, either! Inflation means an increasing number of people are working two jobs which are skewing the numbers as well. That's your great Unemployment numbers -- the dead, the too sick to work, and the people who said fuckit and left the workforce.

Yeah, they're demanding the recession not be declared until it's suddenly the GOP's problem. But at the same time, they seem to literally think it's going to turn around now, any day now, because their shitty numbers (which they intentionally pulled some tricks with bonds to rig to what they think they "should" be) say the economy's just dandy.

Got all that from this fascinating article, which I think I saw on Twitter or Poast? Or maybe a few pages back?

View attachment 3739139

Everyone Sings the “Strong Labor Market” Tune in Unison as the Band Plays on, and They’re All DEAD Wrong!

Everyone in financial media is singing in unison, and the song they are all singing is a recessional for the recession — a hymn or musical piece sung while making an exit. It’s an attem…

thegreatrecession.info

That presumes that long COVID is real.

The author presents a fascinating take, but ultimately, I don't think it's true, because one of the key assumptions it makes is that Long Covid is a thing and it actually debilitates people enough to not work without the corresponding uptick in medical cases (related or unrelated). How likely do you think that is?

On the other hand, I believe quite unequivocally on the zoomer checkout syndrome, where increasingly, those who are supposed to enter the workforce do not, because welfare is enough to live on and the entry-level job market is so incredibly shitty that no one wants to partake. Why slave for pennies for bux when you can get the gummint gibs for less work?

 

[F13 Key]

That presumes that long COVID is real.

The author presents a fascinating take, but ultimately, I don't think it's true, because one of the key assumptions it makes is that Long Covid is a thing and it actually debilitates people enough to not work without the corresponding uptick in medical cases (related or unrelated). How likely do you think that is?

On the other hand, I believe quite unequivocally on the zoomer checkout syndrome, where increasingly, those who are supposed to enter the workforce do not, because welfare is enough to live on and the entry-level job market is so incredibly shitty that no one wants to partake. Why slave for pennies for bux when you can get the gummint gibs for less work?

I know people who have long COVID symptoms, they seem to vary wildly. Some are annoying like sense of smell being numb or numbness in their feet, some could be considered debilitating like brain fog and chronic pain. None of them are what I'd call full blown disabled to a point where they can't work a shift, but one I know had to switch to a different job that was less physically demanding. So it's probably a contributor to at least some people leaving the workforce to go back to school or retire or do other things.

I can't speak for most of the USA, but where I am, welfare/disability/gibs aren't enough to live on. A full monthly disability check doesn't even pay for the rent on a studio apartment. There's inevitably going to be groups of retards who will split apartments together or move back in with family to make it more affordable and pursue their dream careers of being "online content creators" streaming Overwatch 2 to 30 viewers, but it's not much of a life.

Like most things, the truth is somewhere inbetween the two narratives, but it's true that a not insignificant number of people have legit quit/retired and shrunk the workforce for various reasons over the last couple of years. Maybe not 20 million, but even 5 million would be enough to make a noticeable dent. There's serious shortages in some job positions right now like elder care or waste disposal, and there's even shortages in what are considered good lifetime jobs like auto mechanics, medics, nurses and doctors. Whether one believes that COVID is still a thing or is as bad as some people may say or not, most places there's an evident shortage of medical staff with delays for specialists, surgery or ER visits.

 

[Blobby's Murder Knife]

Am I the only person who has never had teh Coof? I don't think I or anyone in my immediate family ever had it.

 

[Smoke Manmuscle]

That presumes that long COVID is real.

The author presents a fascinating take, but ultimately, I don't think it's true, because one of the key assumptions it makes is that Long Covid is a thing and it actually debilitates people enough to not work without the corresponding uptick in medical cases (related or unrelated). How likely do you think that is?

On the other hand, I believe quite unequivocally on the zoomer checkout syndrome, where increasingly, those who are supposed to enter the workforce do not, because welfare is enough to live on and the entry-level job market is so incredibly shitty that no one wants to partake. Why slave for pennies for bux when you can get the gummint gibs for less work?

I know people who have long COVID symptoms, they seem to vary wildly. Some are annoying like sense of smell being numb or numbness in their feet, some could be considered debilitating like brain fog and chronic pain. None of them are what I'd call full blown disabled to a point where they can't work a shift, but one I know had to switch to a different job that was less physically demanding. So it's probably a contributor to at least some people leaving the workforce to go back to school or retire or do other things.

I can't speak for most of the USA, but where I am, welfare/disability/gibs aren't enough to live on. A full monthly disability check doesn't even pay for the rent on a studio apartment. There's inevitably going to be groups of retards who will split apartments together or move back in with family to make it more affordable and pursue their dream careers of being "online content creators" streaming Overwatch 2 to 30 viewers, but it's not much of a life.

Like most things, the truth is somewhere inbetween the two narratives, but it's true that a not insignificant number of people have legit quit/retired and shrunk the workforce for various reasons over the last couple of years. Maybe not 20 million, but even 5 million would be enough to make a noticeable dent. There's serious shortages in some job positions right now like elder care or waste disposal, and there's even shortages in what are considered good lifetime jobs like auto mechanics, medics, nurses and doctors. Whether one believes that COVID is still a thing or is as bad as some people may say or not, most places there's an evident shortage of medical staff with delays for specialists, surgery or ER visits.

My hot take is COVID and the stupidity with vaccines and masks caused boomers to retire en mass. I know that a couple of places I interviewed were desperate for people due to people in their early 60s all retiring in 2020/2021. What should have been a 5-7 year transition of boomers into retirement happened all in 1 year. This is causing companies to have to scramble to fill experienced roles.

 

[wopirish]

Am I the only person who has never had teh Coof? I don't think I or anyone in my immediate family ever had it.

You are the typhoid mary, Look deep within your lungs and know its true.

There are plenty of people who just never really got it or if they did they were asymptomatic.

 

[Freedom Fighter]

Am I the only person who has never had teh Coof? I don't think I or anyone in my immediate family ever had it.

Yeah, me neither. Come to think of it, despite multiple of their co-workers getting it around them, my parents haven't gotten it once either,
We are the chosen ones!

 

[F13 Key]

My hot take is COVID and the stupidity with vaccines and masks caused boomers to retire en mass. I know that a couple of places I interviewed were desperate for people due to people in their early 60s all retiring in 2020/2021. What should have been a 5-7 year transition of boomers into retirement happened all in 1 year. This is causing companies to have to scramble to fill experienced roles.

Yeah, whether it was catching COVID itself, the mask mandates, or vaccine requirements, a huge amount of people in their late 50s and older quit and semi-retired to do crafts and shit at home, or just cashed out pensions early. Why work in some office being forced to wear a mask all day and get shot up with vaccine when you can make soap or knit confederate flag socks to sell on Etsy from the comfort of your paid-off house? And you can't just replace them with 19 year old kids or fresh college grads because they're going to be green and incompetent. A lot of companies also still operate with boomer hiring practices that require degrees for lower rung positions and deem experience worth far less than paper.

I personally think the article is closer to right than not and the economy is batfucked already, we're just really not seeing the worst of it yet because markets are so pozzed with bull semen that they claim to have priced in rate hikes into next year. Sheer lunacy.

 

[DamnWolves!]

On the other hand, I believe quite unequivocally on the zoomer checkout syndrome, where increasingly, those who are supposed to enter the workforce do not, because welfare is enough to live on and the entry-level job market is so incredibly shitty that no one wants to partake.

I think this is an overbroad assumption, at least for the reasoning. The ones that are relying on welfare as a comparable solution to work are not really that important to America's biggest advantage, which is the innovation and producer sectors. If a minimum wage job is your alternative option, you have fucked up somewhere along the way.

My first job was for $50k, which is like $26 an hour or something like that, and even that relatively modest salary is a huge step up from the subsistence living of welfare or slinging burgers. The rat race is still the only way to live a half-decent life in America, and most people are still smart enough to realize that... my point being that the ones who don't, the perpetual waitresses, Uber drivers, """artists""" and freelancers, are probably sufficiently retarded that they would be a net negative whether they're checked out or not.

Zoomers have been sold a fake bill of goods, but their grievances aren't "real", like the Occupy movement's were. They've been essentially lied to by journoroaches who tell them that the point of life is to live like some degenerate, bohemian eccentric and share a studio apartment with 4 roommates in "the big city"; presumably, because misery loves company. If they just took the received wisdom of the American Dream on board, they'd turn out fine, but every information source they consume tells them that the American Dream is undesirable and "boring" and that they should make their millions by showing their butthole to strangers on the internet instead.

We just went through the biggest employment shortage since 2000, and instead of using it to turn their job into a better one, they were told/chose to "quiet quit". This is retarded advice. The Boomers may be economically destructive shitheads, but I'll be damned if they don't know how to make the most of what they've got--I'd rather have two kids and a lakehouse than smoke weed and eventually troon out from all the phytoestrogens.

 

[Vyse Inglebard]

Wow, shit must be really bad if they need this much time to make shit up.

 

[Honored guest]

We just went through the biggest employment shortage since 2000, and instead of using it to turn their job into a better one, they were told/chose to "quiet quit". This is retarded advice. The Boomers may be economically destructive shitheads, but I'll be damned if they don't know how to make the most of what they've got--I'd rather have two kids and a lakehouse than smoke weed and eventually troon out from all the phytoestrogens.

I'd just like to point out that I disagree with this part. People are starting to "quiet quit" and "lay flat" because they've had to pick up the slack of the labor shortage without a single benefit. You have people doing the jobs of 2-3 positions while only getting paid for the one that they were hired for, managers will not give them more pay even as they lose the few good workers they have from burn out.
I know someone who works as a mentor/hiring in a large company, he has to fight the share holders and his boss to get them to pay these poor bastards anything worthwhile. They keep bitching during corporate meetings about they they can't find anyone, but if you look at what they offer its peanuts for what they expect you to do. Times have changed and people are no longer willing to work like a field nigger without recompense. But the old bastards in charge refuse to pay people what they're worth.
The hiring practices I've seen makes me feel like I'm back in 2008 where people with a PhD were willing to work for min wage.

 

[The Ghost of Kviv]

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Wow, shit must be really bad if they need this much time to make shit up.

Their national congress just started yesterday, it's set to end on the 22nd with a new five year plan announced then.

 

[moocow]

Their national congress just started yesterday, it's set to end on the 22nd with a new five year plan announced then.

Must be nice to only have to work one week a year to live in luxury.

 

[Darkholme's Dungeon]

Must be nice to only have to work one week a year to live in luxury.

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Wow, shit must be really bad if they need this much time to make shit up.

The rumor is that the GDP was a negative 5% (some say 10%) this quarter. Which is a pretty big bad considering it was usually minimum 1-2% growth for the past 30 years. I know many people who can't afford eletricity or water and need to borrow other people's kitchens. Xi is a fucking retard and is going to (already has) suicide China on the zero-covid dogma.

If they just took the received wisdom of the American Dream on board, they'd turn out fine

Yeah but the most reprehensible portion is that they want to destroy it for everyone else because deep down inside they know. It's like those minority/white women at tech places who post tiktocks on "work" where they do jack shit and get paid six figures to do jack shit. God the entitlement of the majority younger generation (Yes, that includes my ass unfortunately) is real. Especially the white girls where daddy pays for everything (I live in a college town). Makes me want to be a proper Stalinist to just shoot them as enemies of the people.

I'd just like to point out that I disagree with this part. People are starting to "quiet quit" and "lay flat" because they've had to pick up the slack of the labor shortage without a single benefit.

Publicly saying you're going to "lay flat" or "Quiet Quit" gives you a free ticket to administrative detention (Think indefinite arrest) until they beat you sleep deprive you until you cave and go to laogai. Xi came out and the CPC media was saying how that was the enemy of a healthy society so they will beat you until morale improves.

That presumes that long COVID is real.

It is, the "long covid" name does not fit however. More like long-term convalescence for any major disease/injury. The body needs to heal properly and that may take up to years depending on the injury. Obviously the world won't wait for you.

 

[Honka Honka Burning Love]

If a minimum wage job is your alternative option, you have fucked up somewhere along the way.

My first job was for $50k, which is like $26 an hour or something like that, and even that relatively modest salary is a huge step up from the subsistence living of welfare or slinging burgers.

From my experience as a Wagie there are a few problems causing the lack of "Step up from slinging burgers/Entry Wage" mobility in the current day.

1. Corporations have become completely fucking retarded when it comes to "middle management" positions. The company I work for has changed how The Supervisor and Store Level Salaried management has worked 3 times in the past decade, there is no real vision as to what A "The company ladder" should look like anymore and that makes several qualified people say "Nah I am gonna stay in my Cushy no effort Wagie job." especially since I know more than one person who changed stores for a promotion and then had their Position Eliminated and lost their job and their previous store didn't have a spot for them.

2. The restructuring has eliminated many positions so there are less positions open and they have more responsibilities, Most of the Current Supervisor positions in my company are covering what was 3 separate departments before the current reorganization, and the Hours are worse. You don't get a cushy "Morning shift with one weekday off and one weekend day off" anymore. Supervisors in my company still end up having to work swing shifts where they are required to Open and Close at least once a week. Why take a job that has actively worse hours when a full time register monkey basically gets to have a 7-4, 9-6, 10-7 or 1-10 (or other) shift as they desire.

3. The Lack Stepping stone positions creates a hell of a bottleneck because there are people who are capable of "middle management" positions but aren't capable of anything higher, so you have several long term workers filling those supervisor positions. Ones that have no ability or desire to go higher but also aren't going to retire or quit anytime soon.

4. DIVERSITY REEEEEEEEEEEEEEEEEEEEE, has made it so that the stepping stone jobs that still exist end up filled by underqualified, under skilled retards who are incapable of basic things, and this starts to really hurt morale because why bust your ass day in and day out when a "minority" is going to come in and get the position you are working your ass off for, this also makes burn out really bad when half the supervisors are incapable of doing the job and the other ones have to pick up the slack which means unless you are one of the folks from Number 3..you typically burn out and step back down after six months.

TDLR : Corporate Culture has become really, really fucked up and I am not sure it is really fixable without everything burning the fuck down because everybody has forgotten how this shit is supposed to work.

 

[moocow]

TDLR : Corporate Culture has become really, really fucked up and I am not sure it is really fixable without everything burning the fuck down because everybody has forgotten how this shit is supposed to work.

Smaller companies operating off the radar (i.e. not doing public-sector or even public-facing work) are snapping up more of the labor market's talent as this shit worsens in corporate America and staying nimble (and small) enough to actually put people into positions they're best suited to, encourage (and facilitate) advancement and do everything humanly possible to avoid burnout.

Bad shit's coming, and it's going to hit the big companies hardest because of everything you've described in your post. They're just too gargantuan and slow to respond to anything to be able to dodge the looming collapse. The bad news is that's going to fuck over everybody and smash a lot of things we take for granted to pieces. The good news is the smaller businesses that survive will be perfectly positioned to pick up the pieces and start doing things right again.

 

[Honka Honka Burning Love]

Smaller companies operating off the radar (i.e. not doing public-sector or even public-facing work) are snapping up more of the labor market's talent as this shit worsens in corporate America and staying nimble (and small) enough to actually put people into positions they're best suited to, encourage (and facilitate) advancement and do everything humanly possible to avoid burnout.

Bad shit's coming, and it's going to hit the big companies hardest because of everything you've described in your post. They're just too gargantuan and slow to respond to anything to be able to dodge the looming collapse. The bad news is that's going to fuck over everybody and smash a lot of things we take for granted to pieces. The good news is the smaller businesses that survive will be perfectly positioned to pick up the pieces and start doing things right again.

Yeah the problem is that many of those smaller companies around here can't pay as well.

I've had offers from Mom and Pops and they are usually pay cuts compared to what I get.

 

[Smoke Manmuscle]

I work in an extremely specialized industry that has a 3-5 year learning curve to be really proficient. It also requires a large capital investment for someone to get into it. This has the benefit of never having to worry about losing my job to downsizing. The down side is that I really only have 3-5 options for employment in the US and there really is no such thing as a “mom and pop” operation.