News that makes you say WTF! (28 Viewers)

Fred

Fred

Senior Member
#3,601
Oct 2, 2003
41,113
#3,601
Seven said:
Your last sentence is something else though. I'm not saying they overpay them. I say they work two hours a day. And even if they do work more it's a bullshit job anyway. Not to say your job is useless, but the enormous rise of hr jobs is significant really. We're always creating jobs out of thin air instead of acknowledging that maybe working less is the way to go.
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I really think your views here are so bizarre that I don't even know how to respond to them.

You're saying that most jobs are actually useless, but how do you define usefulness or uselessness? If they were useless in the sense that the cost of employing people does not create any sort of value, they would most certainly be eliminated. Organizations who employ people in jobs that are obsolete will eventually be driven out of the market by more efficient competitors.

I also don't understand the bolded part, is that some kind of utopia? I'd love to live in a world where working less is the way to go :confused:

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Bjerknes said:
Oh, well yes, under this onslaught of Keynesianism it's an unavoidable fact in the marketplace. Of course everyone expects inflation to persist in the future when costs continue to rise in spite of weak economic growth. That's why Keynesian policies don't work, they create self-perpetuating inflation from all angles of the economy. Recession possible? Print money. Worried about inflation? Increase the minimum wage. Have too much debt? Issue more to pay the interest. See how that works?

So yes, it is indeed unavoidable when tenured nitwit professors get together with wall street bankers to create economic policy.



Indeed, and you're right, businesses will cut jobs. Right now we have more people out of the labor force than in 50 years. It's pretty simple -- increase wages above the market clearing equilibrium, and naturally job losses will rise. So not only do you create self-perpetuating inflation, you also do it in an environment of lower demand.

How stupid is that?





I disagree, unless you're referring to companies who only participate in government contract work. Then I would agree. I know several folks who make 90K a year and only put in two hours of hard work each day just because they are paid by their fucking government contract. One is as dumb as a box of rocks! But outside of this worthless government industry, publicly traded firms are driven to cut costs anywhere and everywhere. I have several employees under my team and all actually do put in 8 hours of constant work every single day. If volumes decrease substantially on a consistent basis, then jobs will be eliminated. This happens daily around the globe in real industry.

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Yup.
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Exactly. Like I said, I work in HR, and I can tell you for a fact, that if a minimum wage was imposed that was higher than what we pay employees at the bottom end of the scale, you can bet your arse that we'll cut jobs and then redesign/enlarge other jobs to make up for the loss of the lower end ones. It's just the reality of business, its either that, or the extra cost will be passed on to our customers. But hey, minimum wage laws make us feel better about ourselves, its the politically correct way to go :tup:
 

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Seven

Seven

In bocca al lupo, Fabio.
#3,602
Jun 25, 2003
39,346
#3,602
Fred said:
I really think your views here are so bizarre that I don't even know how to respond to them.

You're saying that most jobs are actually useless, but how do you define usefulness or uselessness? If they were useless in the sense that the cost of employing people does not create any sort of value, they would most certainly be eliminated. Organizations who employ people in jobs that are obsolete will eventually be driven out of the market by more efficient competitors.

I also don't understand the bolded part, is that some kind of utopia? I'd love to live in a world where working less is the way to go :confused:

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Exactly. Like I said, I work in HR, and I can tell you for a fact, that if a minimum wage was imposed that was higher than what we pay employees at the bottom end of the scale, you can bet your arse that we'll cut jobs and then redesign/enlarge other jobs to make up for the loss of the lower end ones. It's just the reality of business, its either that, or the extra cost will be passed on to our customers. But hey, minimum wage laws make us feel better about ourselves, its the politically correct way to go :tup:
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Yes, my views are indeed seen as bizarre. Which both saddens and shocks me. We need teachers, doctors, engineers.. We need a wide range of jobs and people to do them. But there are also a huge number of jobs that really only exist to keep some sort of weird ass economy going. You don't really need that much people in the HR sector, the insurance sector or in retail.

So you ask why do companies employ them if it's not cost efficient? Well, the rules make it cost efficient. If you're a big employer, you have leverage. Leverage over employees, leverage over customers and leverage over governments. If you only looked at the basic cost of an employee, no sensible person would ever start a business in Belgium. The net wages are high and the taxes are so high that you easily pay double or even more than those net wages. And today you could outsource pretty much anything. So why consider Belgian employees?

Lastly, we are already working less. It's no coincidence that working hard everyday is no longer seen as some sort of achievement. The focus is more and more on output and people who work efficiently and have a social life and family are the modern heroes. Society will adapt and we will work less and less. I already work less than my parents and they worked less than theirs.

I think we can also agree that a lot of jobs have already been cut. Andy's argument only srengthens mine: we, as a society, will inevitably work less. At some point so few of us will work that it is no longer possible to equate work with money. Basic income is unavoidable.


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Bjerknes said:
Oh, well yes, under this onslaught of Keynesianism it's an unavoidable fact in the marketplace. Of course everyone expects inflation to persist in the future when costs continue to rise in spite of weak economic growth. That's why Keynesian policies don't work, they create self-perpetuating inflation from all angles of the economy. Recession possible? Print money. Worried about inflation? Increase the minimum wage. Have too much debt? Issue more to pay the interest. See how that works?

So yes, it is indeed unavoidable when tenured nitwit professors get together with wall street bankers to create economic policy.



Indeed, and you're right, businesses will cut jobs. Right now we have more people out of the labor force than in 50 years. It's pretty simple -- increase wages above the market clearing equilibrium, and naturally job losses will rise. So not only do you create self-perpetuating inflation, you also do it in an environment of lower demand.

How stupid is that?





I disagree, unless you're referring to companies who only participate in government contract work. Then I would agree. I know several folks who make 90K a year and only put in two hours of hard work each day just because they are paid by their fucking government contract. One is as dumb as a box of rocks! But outside of this worthless government industry, publicly traded firms are driven to cut costs anywhere and everywhere. I have several employees under my team and all actually do put in 8 hours of constant work every single day. If volumes decrease substantially on a consistent basis, then jobs will be eliminated. This happens daily around the globe in real industry.

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Yup.
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I still don't think you understand what I mean. Some inflation is unavoidable because prices and wages will always go up. The only way to effectively stop this is to stop all free market and fix both prices and wages. As long as a grocer is able to charge whatever he wants to charge, you will have inflation.
 
Bjerknes

Bjerknes

"Top Economist"
#3,603
Mar 16, 2004
116,239
#3,603
Seven said:
I still don't think you understand what I mean. Some inflation is unavoidable because prices and wages will always go up. The only way to effectively stop this is to stop all free market and fix both prices and wages. As long as a grocer is able to charge whatever he wants to charge, you will have inflation.
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This makes me think you don't understand basic economics.

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Why Is WalMart Mysteriously Shuttering Stores Nationwide For "Plumbing Issues"?

http://www.zerohedge.com/news/2015-04-15/why-walmart-mysteriously-shuttering-stores-nationwide-plumbing-issues

Hopefully the trailer trash of the world all take one massive dump at the same time and shuts them all down.
 
Siamak

Siamak

╭∩╮( ͡° ͜ʖ ͡°)╭∩╮
#3,607
Aug 13, 2013
18,525
#3,607
lol
i know why you mentioned me here.but it may be obsession with mules.there is no definition for normal human being.we all are strange In particular when we we are in a special situation
 
swag

swag

L'autista
Administrator
#3,610
Sep 23, 2003
84,790
#3,610
Osman said:
http://www.theguardian.com/technolo...identifies-future-trolls-from-just-five-posts
@rakib567
@Völler @Siamak @igortudor
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What's unwritten here, that I find very suggestive, is that online forums/discussions are a hazing process where people who don't follow the herd mores and norms and simply culled out.

One of the more bothersome suggestions is that rah-rah cheerleaders get a free pass from a lot of banning. Which doesn't explain why Cronios is still allowed to post. :D
 
Bjerknes

Bjerknes

"Top Economist"
#3,619
Mar 16, 2004
116,239
#3,619
The term "racist" has been sold so short these days that it's practically synonymous with "poopie head" or "penis breath" at this point. I can't even attend a church these days without some lady yelling at me that racism still exists everywhere.

This is literally McCarthyism on steroids. Massive steroids.
 
Martin

Martin

Senior Member
#3,620
Dec 31, 2000
56,913
#3,620
Bjerknes said:
The term "racist" has been sold so short these days that it's practically synonymous with "poopie head" or "penis breath" at this point. I can't even attend a church these days without some lady yelling at me that racism still exists everywhere.

This is literally McCarthyism on steroids. Massive steroids.
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Andy in church? didn't see that coming
 
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