by crossbody
12 subcomments
- Sounds more like people retire somewhat early - for 25-54yo labor force participation near all time high: https://fred.stlouisfed.org/series/LNS11300060
And here is one for 55+yo: https://fred.stlouisfed.org/series/LNS11324230
All is fine
- Take an hour off at 2-3pm in any major US city and look at how many people are just milling about. Mostly shopping. There are a lot of people in the US that are not working.
Pre-2008 retail was quiet in the middle of the day, now it booms. I can’t comment on if this is a good or bad thing, but I am surprised at how many people are causally walking their dog as I am rushing to compete an essential errand and get back to work.
by TrackerFF
3 subcomments
- Today I read about Accenture Norway taking in 56 summer internship students from over...1600 applicants. Record year, they reported.
Previously I imagined only the top-top tier firms could enjoy low single-digit acceptance rate, but here we have Accenture crushing it. Competition must be tough.
(But for what I know, could be that AI has made it easier for people to spam everyone with applications)
- Not exactly on top of it but I had a related conversation the other day.
People at my work were talking poor of gen z and how they are bulk of neets and how they are lame and etc.
There is always some cringe in different generations apart, but even being older, I can empathise with them.
You have zero forecast to buy a home for yourself, to buy a car, to even pay for a university. Whatever they want to do, they will be sucked dry, even if it is a video game.
The f our generation is doing. We are being evil towards the elderly and the young.
We blame the rich, the game, the system. All of them we power of our utmost selfishness, transfering the guilty for someone like we couldn't do anything about it.
- Everything outside of the AI data centre build-out is not growing. And the hyperscalers are having to cut costs to help pay for those datacentres full of GPUs.
by an0malous
4 subcomments
- The money printing during COVID screwed everything up. Most of the capital was directly given to banks and businesses, fraudulently in many cases and unnecessarily in most, and everything pooled up into real estate and stocks so anyone who had already owned a large proportion of those became absurdly wealthy in the span of a couple years and everyone else effectively lost 20-30% of their income through inflation. The majority of all money was printed during COVID, no one voted for this to happen, no one bothered to even communicate how it was decided how much money would be printed and who would get it, and no retrospective has ever been done. It’s never been more clear that a small group of the wealthiest investors in the US run the show and the majority of people are wage slaves who had the ladder kicked out above them. Now we’re seeing an administration and elite class that is openly ransacking the country for whatever profits it can extract from a dying empire. I have no idea how this ever gets fixed.
by Alien1Being
0 subcomment
- AI has made experience less valuable.
Seeing a lot of age "bias" * in recent job cuts and comments by CFOs.
* Which may be rational, if unfair, if experience counts for less with the advent of the LLM coder.
by pooploop64
0 subcomment
- The labor shortage crisis has been going for over 200 years now, yet nobody can name a company that has died or otherwise suffered negative consequences as a result of it.
- Imagine spending 6 to 8 hours a day looking for opportunities and nothing for 1, 2 years. What are people supposed to do?
by MilnerRoute
1 subcomments
- Headline cropped. It's the lowest participation rate "outside the Covid era".
Original headline: "Job seekers giving up: Labor force participation rate falls to lowest in 50 years, outside of the Covid era"
- It was never AI, it’s not “recession”, it’s not xyz, it’s simply since covid the wealth distribution got worse, further. It’s why you see the very few are with an exponential networth increase while the majority are suffering, at the same time, those who hold that networth are pulling all sort of shenanigans to keep the market alive and far from crashing for as long as possible, but it’s eminent and it will happen soon, the only exception is starting a major war to meat grind all these young men otherwise they will revolt for sure.
by Alien1Being
7 subcomments
- Our HR department has given up.
They are being inundated with thousands of AI slop applications each week.
Hiring has devolved to word of mouth recommendations.
- Tech WAS such a great career now it's total crap! The hey day of tech jobs when you received tons of prospective jobs offers via Linkedin feels like that's drying up (tho it could be my age which is not listed anywhere on Linkedin). From 2012 up until Spring 2025 each month I'd receive 3 to 6 recruiters offering a new UX Research, Design and or Front End Development job. Not anymore and now these jobs you are now competing with 100s to 1000s for just one job and if you are lucky enough to get an interview you have to go through 5 to 12 interviews LOL. Im laughing even more as i vibe code a project in which my previous personal projects i hired some help like a back-end developer or two. Nope I can do it all myself and save money like so many businesses are and will continue to.
Overall I can't imagine the killing all this head count cause blossomed too much and now AI definitely reducing head count futher is a good thing for an economy. An economy where these jobs let you buy nice single family homes in nice areas.
For me I havent left the job market but it's a huge joke now for techies and soon will be for a lot workers who use a computer to complete their work tasks. AI agents will be reducing all white collar jobs where only a few will be needed vs. 10 or 20 were needed before.
by josefritzishere
2 subcomments
- The current regime's policies are causing an economic recession.
- And I'm not going back, either. Reckon I can slowly liquidate assets for as long as I have left to live. To hell with all this shit, my farm is enough.
by chilldsgn
1 subcomments
- I wish I could quit working. It is hell. Employers DGAF about people, so why should we care about them?
by kelseyfrog
1 subcomments
- We live in a capitalist society. This means we prioritize making money via capital rather than through labor. It looks like we just got what we've asked for. I'm not sure what the problem is.
If you're playing labor in a capitalist society, you're playing a losing strategy.
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