EppsNet Archive: Employment

Accountability Without Consequences

 

‘I was too ambitious’: Spotify CEO announces layoffs among 6% of employees as tech job cuts continue — msn.com Spotify CEO Daniel Ek said that the decision to restructure Spotify is an “effort to drive more efficiency, control costs, and speed up decision-making,” adding that he takes “full accountability for the moves that got us here today.” I love it — and when I say I love it, I mean I don’t love it — when someone says they take “full accountability” for some disaster, knowing perfectly well that there won’t be any personal consequences. There’s no accountability without consequences. Had he said “I’m forfeiting my salary for the year and donating it to the employees who lost their jobs,” now that’s something I could respect. Popular Bookstores, Including Barnes & Noble, Are Closing Locations, Starting Feb. 11 — bestlifeonline.com JCPenney Is Closing Even More Locations, Starting Next Month —… Read more →

All is Well! All is Well!

 

Microsoft to Lay Off 10,000 Workers as It Looks to Trim Costs — msn.com Google to lay off 12,000 employees, the latest tech giant to cut thousands of jobs — usatoday.com Regal Cinemas is closing 39 more movie theaters. See the list — cnn.com Another day, another round of layoffs and closures, another sunshine up the butthole economic report from the Biden administration: We’re not in a recession! Employment numbers are great! Someone is lying to me and I don’t think it’s Microsoft, Google and Regal Cinemas. Read more →

Unemployment Stays Unbelievably Low

 

Bed Bath & Beyond to Close Three More Stores in Los Angeles, Orange Counties https://t.co/ELCIzMhY3Q — Paul Epps (@paulepps) January 14, 2023 The company is closing about 150 stores overall, plus layoffs in corporate and supply chain. You can swap new company names (Coinbase, Goldman Sachs, etc.) into these layoffs and closing stores stories every day and still get sunny government economic reports based on nothing I can see except unbelievably low unemployment numbers. And when I say “unbelievably low,” I mean literally not believable (see here and here). Read more →

Another Explanation for Low Unemployment Numbers

 

People who are not employed but not looking for employment are not considered unemployed and are not included in calculating the unemployment rate. I’ve theorized that one reason for the artificially low unemployment rate is people dropping out of the workforce, although I couldn’t explain why so many people were dropping out of the workforce. But now I think I can explain it. The Committee to Unleash Prosperity, an economist-founded nonprofit, analyzed how unemployment benefits and ObamaCare subsidies in each state stacked up against employed people’s compensation. The writers of the report found that these two benefits alone could total up to $120,000 per year for a family of four. In 14 states — including North Dakota, Oregon, Colorado, Montana, and Minnesota — unemployment benefits and ObamaCare subsidies were found to be the equivalent to a head of household earning $80,000 in salary. In other words, a spouse would have… Read more →

The Employment Numbers WERE Wrong. Implications for Elections?

 

Federal Reserve Bank of Philadelphia estimates that the employment data was vastly overstated in 2022. 10k jobs added instead of 1.1 million reported from March to June of 2022.?? The elections are over, so this can now be corrected. pic.twitter.com/kyGLp7vXhE — Wall Street Silver (@WallStreetSilv) December 16, 2022 It looks like I was right about the employment numbers not making sense, which is maybe not such a good thing, in that everyone could see the same things I saw and yet I didn’t notice anyone (including “reporters”) asking “Why am I being told things that do not match up with reality?” Thank god I’ve been assured by powerful people that there is no possible way our government could propagate these same kinds of mistakes (lies?) with regard to election results. Read more →

Life Gets Better After 50?

 

About 15 years ago, economists made an unexpected finding: the U-shaped happiness curve. Other things being equal – that is, once conditions such as income, employment, health and marriage are factored out of the equation – life satisfaction declines from our early 20s until we hit our 50s. Then it turns around and rises, right through late adulthood. — The Guardian So once you factor out all the things that make life miserable, it turns out older people can be just as happy as anyone else! Read more →

Need a Job? Move to Iowa

 

If every unemployed person in the Midwest was placed into an open job, there would still be more than 180,000 unfilled positions, according to the most recent Labor Department data. The 12-state region is the only area of the country where job openings outnumber out-of-work job seekers. . . . Beth Townsend, head of Iowa’s department of workforce development, said Iowa has an abundance of low-skilled workers but is facing a gap when it comes to jobs that require some specialized training. “We’ve got a lot of adults who could be easily upskilled,” she said. In particular, she is trying to get more disabled people or ex-convicts into the workforce because they often face more hurdles in finding employment. — Wall Street Journal Need a job? Move to Iowa! Your only competition is disabled people and ex-convicts! Read more →

Testing a White Privilege Theory

 

According to an article titled “The Thing About White Privilege,” “job applicants with white sounding names are 50% more likely to receive a callback for a job interview than applicants with black-sounding names, even when all job-related qualifications and credentials are the same.” What happens when someone with an Asian sounding name applies for a job? Serious question. Does the answer support a white privilege theory? What about someone with an Indian sounding name? A Middle Eastern sounding name? A Jewish sounding name? Test your theories against reality rather than just slinging bullshit and ignoring information that inconveniences you. P.S. I followed the link above and learned that “applicants with white names needed to send about 10 resumes to get one callback; those with African-American names needed to send around 15 resumes to get one callback.” That’s 10 percent vs. about 7 percent. Anyone who thinks “50% more likely” is… Read more →

A $15 Minimum Wage is Not Going to Help You

 

Fast Food Workers Will Strike On Thursday In L.A. : LAist Fast food workers staged a one-day strike for “living wages.” More specifically, they want the federal minimum wage to be raised from $7.25 an hour to $15. You want to make a living wage? I’ll tell you how to make a living wage. I’ve had a lot of jobs and this method has never failed me. Here it is: Before accepting a job offer, you always ask yourself, “Does this job pay enough for me to live on?” And if the answer is no, then you don’t take that job. If you want to earn $15 an hour, do what I do: get a job that pays $15 an hour. Who’s stopping you? If no one’s willing to pay you $15 an hour, it’s because the skills, intelligence and motivation that you bring to the table don’t allow you… Read more →

More People I’m Sick Unto Death Of

 

Recruiters who write job descriptions with requirements like this: Great Communication – must be able to speak very clear Read more →

How to Lose Your Job : A Fictional Memoir (Part I)

 

Because of the huge productivity differences between good programmers and bad programmers — 10x? 28x? More? — my biggest leverage point as a development manager is my ability to hire people. At my last job, we had an HR Director named Lucy. In every one of our annual Employee Satisfaction Surveys, Lucy’s group had the lowest scores in the entire organization. Nobody liked or respected her. She was, however, close with the CEO, which made that irrelevant. Lucy’s friend Kathy Slauson runs the Slauson and Slauson recruiting agency, so that’s where we got our programming candidates, who were mostly terrible. The Slauson agency doesn’t specialize in IT candidates, although they do have a “technical recruiter,” who unfortunately knows nothing about technology. They don’t bring candidates in for in-person interviews. They take whatever candidates give them in the form of a résumé and they pass the résumés along to clients like… Read more →