dungone t1_j23b0f6 wrote on December 29, 2022 at 9:53 AM

Reply to comment by Ronbergs in Google Employees Brace for a Cost-Cutting Drive as Anxiety Mounts by Brook030

You've got to look at the facts. https://www.nytimes.com/2022/12/02/business/economy/jobs-report-november.html

Wages are 5% higher than this time a year ago. GDP growth last quarter was 2.9%, which is healthy.

The tech layoffs are FUD. There were 260,000 unfilled tech jobs this year even after 90 thousand layoffs. The national average unemployment rate is 3.7% but for software engineers it's been 2.3%. And that doesn't even begin to describe the growing skills gap, with the most highly skilled engineers being in more demand than ever.

Your concerns about high prices come down to two basic things: energy and housing. Both of them are best addressed by dealing with the supply side. No amount of wage growth will ever make housing affordable - only more houses can do that. For energy it's the same - we have chronically under-invested in renewable energy and are now paying the price.

Ronbergs t1_j23dlx4 wrote on December 29, 2022 at 10:29 AM

The economy is getting better, but youre only looking at a few parts of the whole picture. Inflation is huge right now and even that is eclipsed by the greed of the wealthy, which has massively increased the cost of living. The gas price spike and cost of meds like insulin are a good example of the greed.

And that wage increase doesnt mean much. Its just an average. Many peoples wage increases yearly to accout for inflation, but thats lagging behind inflation quite a bit. Min wage workers didnt see much wage increase at all. The wealthy certainly raised the average for themselves tho.

tickleMyBigPoop t1_j24ighl wrote on December 29, 2022 at 4:36 PM

> greed of the wealthy, which has massively increased the cost of living.

lol wut

Bro housing costs are because susan doesn't want the new builds to block her view. Rich people don't lobby cities to implement harsher zoning laws, that shit happened in the 1970s because white people are scared of black people living near them.