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The economy

Posted By: The Thrill
Date: Wednesday, June 5, 2019 at 09:10 am

We all know the economy can be a fragile function of our society, it can also be very solid. I believe we're in a very fragile phase. I've mentioned on here before about my gas station theory (or fast food - Thanks HoopUte). You can tell how good the economy and unemployment are by the type of employee you find in those establishments. Case in point, at a local gas station near me, the toothless wonder behind the counter had to throw a bunch of change on the counter and have me count out what my change was to him. Not sure he knew math or if he was afraid of coins.

I've noticed a growing trend in businesses where companies can't keep the help they hired. Mostly teens or people who'd rather shoot up heroine than work. Once they get the money they need, a job is the last thing on their mind. Here are some examples.

1. Last night we went to a cafe near our house. Great food but the dude working there was struggling. He'd been there since 7am (it was 8pm when I was there). I asked about delivery, he said he can't...not enough staff. I shared with him my gas station theory and he said he's hired 7 people since March and all had quit. Mostly teens looking for money before summer.

2. On the way home from the cafe we stopped by a gas station. I attempted to go inside to buy some gum. Sign on the door saying "Not enough staff. Inside is closed until morning".

3. On my Memorial Day trip to Vernal the hotel we stayed at delayed our check-in by 3 hours because "the entire cleaning crew quit today." I wasn't sure if they quit because they wanted to enjoy the holiday, they were tired of being treated poorly or just didn't care for the job. Needless to say, the one dude at the hotel was scrambling.

4. Just the other day I went to Taco Bell, I was trying to kill myself, and the drive-thru was closed. A sign on the drive-thru sign said "drive-thru closed. Come inside." So I went inside and the dude in there said that they've been so short staffed that he just can't work the drive-thru and the front counter.

Here's what I think. The economy is booming, I work in construction and jobs opportunities have been off the charts for 2 years now. The company has made a ton of money but none of the employees have really prospered. That's another thread. My point is business is booming. If it's tax cuts or whatever, businesses have a ton of extra capital to put towards jobs and hiring. At this time though most of our customers have to put their jobs on hold, they just don't have enough people to throw at it.

We have a lot of jobs floating money for several reasons. Not enough employees to work the jobs. Transportation delays are not getting product to jobs fast enough. Production delays are not getting raw material fast enough (steel, etc...). All of these delays stem from a lack of talent.

What are your thoughts? Any issues at your job due to a lack of good employees?

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Messages In This Thread


The Thrill icon NEW: The economy
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 09:10 am [ID# 1947757] [reply]
(1)
HoopUte icon NEW: My first thought is you stole my economic health measurement theory 😉
HoopUte - -- Wednesday 5 June 2019, at 09:38 am [ID# 1947759] [reply]
(2)
The Thrill icon NEW: Great minds think alike. (nm)
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 11:10 am [ID# 1947767] [reply]
HoopUte icon NEW: Let’s not get cocky. I was once told it was the dumbest thing someone had ever heard. I responded by asking them how long they’d worked at Wendy’s. 😁 (nm)
HoopUte - -- Thursday 6 June 2019, at 09:00 am [ID# 1947813] [reply]
(1)
pangloss icon NEW: I wonder when it will occur to small, service companies to bid up wages & benefits to attract and retain unskilled labor. .
pangloss - -- Wednesday 5 June 2019, at 09:45 am [ID# 1947761] [reply]
(4)
The Thrill icon NEW: That's the plan as far as I'm aware. Replace incapable humans with capable robots.
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 11:12 am [ID# 1947768] [reply]
(1)
pangloss icon NEW: I couldn't find current capital plant & equipment investment stats after an exhaustive 3 minute google, so I don't know how its been going. I know stock buybacks have set records - not a positive development.
pangloss - -- Wednesday 5 June 2019, at 01:06 pm [ID# 1947777] [reply]
(1)
Newbomb Turk icon NEW: "Raising the minimum wage to $15 would put lots of cash in the economy quickly. People living hand-to-mouth don't invest new cash."
Newbomb Turk - Top 25 Poster -- Wednesday 5 June 2019, at 05:28 pm [ID# 1947786] [reply]
(2)
The Thrill icon NEW: At least get rid of top wages. People suck at tipping and restaurants make a killing off of not paying employees (nm)
The Thrill - Top 25 Poster -- Thursday 6 June 2019, at 06:02 am [ID# 1947801] [reply]
96GradAlum icon NEW: re: "The company has made a ton of money but none of the employees have really prospered. That's another thread." And therein lies the crux. Company managers are greedy and don't share the profits. My new mantra: business ethics needs...
96GradAlum - -- Wednesday 5 June 2019, at 09:56 am [ID# 1947762] [reply]
(3)
The Thrill icon NEW: My answer to this is a maximum wage. 4000x the lowest paid employee.
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 11:28 am [ID# 1947770] [reply]
(1)
o NEW: Bill Gates never made close to that as an annual salary from Microsoft
trevorute - -- Wednesday 5 June 2019, at 05:04 pm [ID# 1947785] [reply]
(1)
The Thrill icon NEW: Exactly the reason that won’t happen. Just pay themselves less but be worth more as an asset (nm)
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 06:12 pm [ID# 1947788] [reply]
GUBA icon NEW: One thing I have noticed is that employers are still reluctant to pay higher wages and are very reluctant to offer to train people for the job they want to fill. Too many employers (especially in Utah) are expecting fully trained & experienced folks
GUBA - -- Wednesday 5 June 2019, at 09:59 am [ID# 1947763] [reply]
(2)
SubstiUTE icon NEW: I wonder how much the crusade against immigrants (Mexico) has affected it all?
SubstiUTE - Top 25 Poster -- Wednesday 5 June 2019, at 10:32 am [ID# 1947764] [reply]
(4)
o NEW: Everything you said makes sense.
UteBrave - -- Wednesday 5 June 2019, at 10:45 am [ID# 1947765] [reply]
(1)
The Thrill icon NEW: One major issue with homelessness is drugs and mentally unstable
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 11:23 am [ID# 1947769] [reply]
(1)
wannabeaute icon NEW: Conservative Econ 101 has always told us that a strong economy would just naturally push wages upward. Supply and demand, y'know.
wannabeaute - Top 25 Poster -- Wednesday 5 June 2019, at 11:33 am [ID# 1947771] [reply]
(5)
o NEW: Trickle down economics is one of the biggest scams ever sold. (nm)
UteBrave - -- Wednesday 5 June 2019, at 11:36 am [ID# 1947772] [reply]
(10)
The Thrill icon NEW: What you don't understand is it trickles down by making the company stronger and job security.
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 12:07 pm [ID# 1947774] [reply]
(1)
Rocker Ute icon NEW: I had a business professor tell us that you are always worth more to someone else and people who stay with the same company their entire lives are leaving a lot of earnings on the table.
Rocker Ute - -- Wednesday 5 June 2019, at 12:19 pm [ID# 1947775] [reply]
(1)
The Thrill icon NEW: A lot of truth to that and the squeaky wheel
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 12:27 pm [ID# 1947776] [reply]
(1)
wannabeaute icon NEW: One of the reasons he's a bad employer is that he clearly mis-understands economics.
wannabeaute - Top 25 Poster -- Wednesday 5 June 2019, at 02:09 pm [ID# 1947781] [reply]
(1)
Rocker Ute icon NEW: Its garbage and nobody really wants to go look for another job particularly if you are happy with it overall, and smart employers reward employee loyalty - but yeah. (nm)
Rocker Ute - -- Wednesday 5 June 2019, at 02:36 pm [ID# 1947782] [reply]
o NEW: RE: The economy
Charlie - -- Wednesday 5 June 2019, at 01:18 pm [ID# 1947778] [reply]
The Thrill icon NEW: That's been the fear for 20 years but most corporations are just adjusting accordingly.
The Thrill - Top 25 Poster -- Wednesday 5 June 2019, at 03:41 pm [ID# 1947784] [reply]
HoopUte icon NEW: New jobs report shows just 27k added in May. I’m afraid the slowdown is just around the corner.
HoopUte - -- Wednesday 5 June 2019, at 01:53 pm [ID# 1947779] [reply]
(1)
UTAuley icon NEW: So you're saying now would be a bad time to be out of work...did I mention the contract I've worked for the last 11+ years was lost to a competitor and my last day was May 31?
UTAuley - -- Wednesday 5 June 2019, at 03:31 pm [ID# 1947783] [reply]
(1)
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