Blaming Capitalists and Workers for Inflation

Re:Blaming Capitalists and Workers for Inflation by isykt on Sunday July 30, 2023 @08:24AM (#36930466)

> So what's next? Any prospect of workers ever making up that lost 8% will run head into the coming recession, when both wages and workers are slashed. In fact, the latest jobs numbers say even workers' drip-down has ground to a halt as full-time jobs evaporate and gig work picks up the slack.

Not sure what JOLTS report he’s reading, but it must not be the latest one. Job layoffs are lower than pre-pandemic levels. Hires and quits were both up in May. [0]

Furthermore, it’s unclear that the shift to the gig economy is led by the employers. Baby Boomers (the largest generation the US has ever had) are retiring en mass. The pandemic killed mostly older people. Immigration ground to a halt during the pandemic. Who exactly is going to work these jobs? Robots?

[0] https://twitter.com/eliselgould/status/1676964296402817025?s...

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Re:Blaming Capitalists and Workers for Inflation by phpisthebest on Sunday July 30, 2023 @09:21AM (#36930913)

>>Baby Boomers (the largest generation the US has ever had) are retiring en mass.

I dont know the demographics data, but I know a number of boomers personally that are "semi-retired" meaning they are "retired" but they still work some in gig-ecomony jobs, some even work in must smaller almost gig style (i.e project based) jobs for either their old employers or in the same field they were in as Full time employees.

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Re:Blaming Capitalists and Workers for Inflation by isykt on Sunday July 30, 2023 @09:35AM (#36931017)

I think this explains a large portion of the gig work that the author of the blog post pointed to, instead of the author’s theory that employers are doing it intentionally.

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