Topic: The Labor Market Is Broken (Read 201 times)

In developing countries most countries do not care about workers, to get an increase that adjusts to inflation and even workers must demonstrate to make the government forced to raise minimum wages, this is a difficult fact, but when an election will occur, the workers will be given a promise that it will rise in dozens Even hundreds of percent if he was elected and won the election.

That's the reality of life these days, having one job today isn't going to be enough. With high inflation rates, you'll just have barely enough to survive.
To avoid the situation that the others have been going through, they've got good stories and real life experiences. One of it is being wise on your money, I've seen software engineers that have been interviewed and now they're homeless. I don't know if there's something with their lifestyle but there could be and in today's time, even if you're earning that much, you have to save for rainy days.

This makes “freelance” industry go top of everything. No wonder how they keep hiring employees in contract basis and start paying them only half of what fixed salaried employees earn these days. All the big companies lay off employees and literally get contracts with the third party Client so that they can handle their businesses at cheaper rates. It’s really getting admixture of substandard and standard practices in the field of employment. Not good for long term economical standards.

Why would workers be cared for when the ultimate goal of any corporation that’s in business is to make profit. Hence, exploitation of workers with any means possible would be at okay here. Why do you think some corporations are against their employees forming labor unions?
If all employees are allowed to form unions that would have their backs and look after employee welfare, the labor shortages we’ve got wouldn’t be a problem. I’m pretty sure they’re folks who are out of a job, while willing to work, are actively searching for a job that respects and has the well-being of their employees in mind.

here in the UK

in 2021 UK treasury gave real estate developers
£11.5b to build 180k homes FOR FREE which real estate developers can then sell on and keep the money of at a 2x rate of "affordable home" market
(a new home costs about £63k material labour and land cost(wholesale) per home
building 180k of them is 11.5b)

an "affordable home" is £134k on minimum wage
(UK min wage is £1.6k with a mortgage max rate of 35%
=$560 a month. which on a 20 year mortgage is £134k)

so yes real estate get a house for free and sell it for £134k where the real estate developer keeps all the money

...
i say all this. because UK government happily hands out £11.5b for rich estate developers to get richer

but when it comes to the labour budget of emergency services (healthcare and police)
nurse avg income £33k x 360,000nurses = £11.8b
police avg income £29k x 153,000officers = £4.4b

the government refuses to just double nurses pay.. or double the amount of nurses working
which is affordable by just not paying house developers.
refuses to just triple police officers pay or increase number of officers working

refuses to 50% pay rise. refuses 20% refuses even 10% rises..

yet simple maths shows the government can afford it if they simply didnt give free money to rich land developers

Despite that labour unions fight for better salary and working condition to the members they are making no success with the government. The government make policy to what they want to be done in labour aspect of the economy and they like it to stay that way and no matter the fight from the union no success to it. The economy is hard to fixed income workers and that is the need having a second option of work.

This special worker is an important person who is considered to have certain expertise in his field so that he is specifically assigned to work with a more tolerable salary. So if you are an ordinary worker at a company, don't complain when your salary is not increased.

Even though you are actually more entitled to receive a raise, in general you are also more entitled to be grateful because you can still work in a place with a monthly salary. Because there are many people out there who are still desperately looking for work and want to get a monthly salary so that their lives can be very helpful, but there are still very many of them who, until now, do not have a specific job.

Many don't care about workers, even when there are demands for a salary increase which is only a few percent they are thrown out and never heard of, labor has indeed become an issue in many countries so that in some countries there are special labor parties that fight for a better life for workers.

There are no long-term prospects in the labor market, we will continue to be forced to follow their system, even though sometimes we know it goes against the way we work. But because we are in their system, like it or not, we have to follow them.

The labor market is also unable to guarantee the jobs we are involved in, because when someone experiences problems and accidents at work, they will only give severance pay and so on we will be expelled from the company. Therefore building your own business is much better, even though it is small, we can develop it slowly.

simple things can be done

expand the minimum wage laws to be tiered

businesses that want unskilled people can have minimum wage recruits
but if a job application requires a qualification then it has to pay at a tier rate that reflects the level of qualification.
EG
basic college diploma = rate X minimum
basic university degree = rate Y minimum
full university doctorate = rate z minimum

im not gonna suggest a national tier rate for things like
unskilled, skilled employee, superviser, manager, regional manager ceo

but atleast some basic rate that recognises qualifications.
like if a managerial job vacancy mentions it needs a business degree then min rate needs to apply that s more then what a superviser would get on a mcdonalds restaurant(not much above national min wage)

that way nurses who have a vocational diploma vs a nurse that fully trained at a degree level can be on fair pay for their training

i know the NHS does have a tiered rate and many businesses also do have their own tiered rates for job titles. but they need to be backed by a level recognised nationally based on qualifications needed to perform the job

by this. it takes absolutely NO training or qualifications to be a politician and so why the hell do politicians earn 2x-3x more than a nurse that has spent 2-3 years in education to be able to do her role at their own education cost(loan)

I agree to you, sadly here in my country doesn't know how to support the feeljng of their countrymen, it is very hard to have a primary work and also having a secondary work because having only 1 work is not enough to sustain the lives of your family, little by little inflation makes it harder to budget our salary so even you have multiple jobs it is hard for us to get paid right and accurately.

That is done in other parts of the world as well. They are freelance nurses and in the pandemic period they did this to make more money, there were some nurses making more money than doctors in my nation for example, all because they had part time contracts which means they could do 8 hours in one place, and 8 hours in another back to back, and definitely tiresome no argument there but they could also work 7 days a week, meaning they could technically work up to 100 hours a week, considering they were getting paid by the hour, that means 400 hours a month, making them more than most doctors. But now the need is lesser, and everyone is going back to regular full-time these days.

here in the UK.
the health service(nhs) has not given cost of living increases / pay rises to nurses properly over multiple years. to match inflation

some nurses end up going part time on their NHS contract and then working THE SAME ROLE but under an agency (called bank) where they get paid more for filling in gaps of shift patterns (like substitute teachers).

yep nurses paid as NHS employees, reduce their NHS hours and then work for a agency to do their normal role, for more pay because the NHS pays more to the agency than to its own staff direct

imagine it
2 nurses doing the same job. at £12 an hour(£25k/y)
then the next day. the same two nurses doing the same job but one is paid £15/h as a agency still doing the same role but netting £31k/y

if the NHS can afford to pay agencies more then £15 to ensure the agency nurse gets their £15. then the NHS should be paying the nurse under NHS contract more then £12 and actually ensuring nurses that want to be nurses dont just do the flexi-time 'come when they please' and 'leave when they please' contract that allow them to mess with schedules to then need agencies

actually paying nurses a fair wage and have enough nurses on the NHS contract to cover if one was sick is how things should work.

There is also a good old "no-work" system going on, where people quit, and that leaves companies wanting for workers, and they cant profit at all without workers, and that resulted with them hiring people for higher prices as well.

I mean think about it this way, if you had a worker who got 20 dollars an hour, and he quit, and you put out ad to hire someone for 20 bucks an hour, and nobody replied, or at least nobody acceptable, what would you do? You would put it at 25 per hour, then 30, until you get a worker. So that is actually a great way to tell the companies that you are not willing to work for peanuts when they make billions and actually get a decent profit.

"is it just capitalism"
capitalism is not wealth generation for all. its instead 'all wealth roads lead to the capital'(AKA a pyramid). where business owners dont have to work hard because the residual income from thousands of customers below them give that one guy 1000's combined

whilst those at the bottom of the capitalism pyramid themselves need to find more then one job for them to get enough income to survive on

capitalism is a pyramid
a pyramid that cannot support more then X layers before there is no one on the bottom to find more income streams to survive

when businesses saturate the market and cant get $10 from each customer of 100m customers to be "billionaire status". they are then stuck having to raise the ask for $11 from each, then $12 from each

whilst the bottom of the pyramid are not seeing their bottom increase from $10 to $11 then $12 at the same rate as the asks from the top

businesses are asking for more from customers. but not increasing their own employee pay at same increase rate

capitalism doesnt work

The idea that they should accept 0.01 "free money is free money" has nothing to do with employment, that is the problem. There are thousands of people working everyday and not making as much as the CEO, and that is the biggest problem.

I am not saying that one worker should be making as much as the CEO, of course not, but if CEO yearly earning equals to over 1000 of his employees, that's unfair and it is not free money neither these workers are working 8 hours a day minimum and for 5 days a week minimum as well. That is over 2000 hours per year, and we are talking about 1 CEO worth over 2.000.000 hours work done by the employees, do you think that is fair? It is not fair and it is not for nothing.

The events of the last 5 years have changed the labor market. This is the representation of remote work, this is the outsourcing of specialists, including direct contracts with a direct employee, this is a pandemic, these are crypto-currencies (a fairly convenient way to earn money, especially in 2017-2018) and much more that people turned away from the classical scheme - "a potential employee is dependent on employers and is ready to accept any work for any remuneration. Now employers have a problem - how to "buy" an employee. And a potential employee - thinks - to work, for example, 8 hours in the office, or better 4 but remotely, and spend another 4 on self-development, additional profit and recreation ... The previous conditions remain only for employees whose work is really physical and cannot be realized by any other other than the physical presence and performance of the work....

When it comes to determining the effectiveness of the labour market we have to consider all the elements factors that constitute it, the man power, factors of production and the economy GDP within a particular country, this are the parameters along side with the population growth rate, employment capacity and jobs availability, the labour market can be described as being broken if all these were not in place to satisfy the balance of an economy, all there are also the part of what determines the inflation rate or it predetermined occurrence if the labour market is broken indeed.

That is odd I, South Park, do not remember having said that , but seriously the problem with closing the border is that even if you could close down the south border now a great deal of jobs can be done online without the need for the worker to move to the US, and this is even better for the employers as they can pay their remote workers even less money as the costs of living are way lower in a country that is still developing compared to the costs of living at the US.

Salaries for everyone is up, not just CEO/executives.

The reality is the world got wealthier over the last decades, especially in the age of computer technology. The labor market isn't broken, we merely live in an age where people's skillset needs to be diversified and the skillet that someone might have in their 20's might change throughout the course of their life. Having a full time job in a market that requires a skillset contrary to what you're trained on or what your education is in doesn't point to a systemic injustice. It means you need to educate yourself in what's marketable.