Seems like Americans have heard that one before.
Well, yes. And that's neither here nor there. How many times a warning has been heard before, or who is giving the warning, is irrelevant to the question of whether the warning is valid or not.
Seems like Americans have heard that one before.
Doly wrote:Seems like Americans have heard that one before.
Well, yes. And that's neither here nor there.
Doly wrote:How many times a warning has been heard before, or who is giving the warning, is irrelevant to the question of whether the warning is valid or not.
Outcast_Searcher wrote:evilgenius wrote:By the end of summer, the employment situation may have turned around.
At my work, people are starting to quit because UPS wants to cut everybody's pay. They offer a bonus to make up the difference to the old pay, but they won't make any guarantees about how long it will last, or whether the terms will change capriciously. My guess is their economist(s) have told them they don't need to actually change the pay rate. The people who are quitting, they must be saying, will be coming back soon.
I know that's not the whole story. It must be part of it. I wonder what corporate expectations are?
This sounds more like rumor than fact the way it is stated. Is UPS actaully cutting "everyone's" pay, or is there talk among employees that "UPS wants to cut everyone's pay"?
When you say UPS is cutting pay, do you mean they're cutting salaries in the face of the inflation (which is obviously very bad), or they're ending Covid support, Covid danger bonuses, etc, which cuts net pay for people on the front line?
Not saying the second thing is "OK" until Covid is officially endemic (or functionally endemic for months), but the second thing is quite different in substance from the first thing.
A quick look, and I'm not finding a recent source re Google for "UPS cutting pay" that's more credible than a reddit discussion.
The discussion seemed to center around the contractual $15 an hour rate, vs. the seasonal bonus rate of $21. If UPS does seasonal hiring for the Christmas season and NOTIFIES people that's what it is (a seasonal bonus), then people getting mad at UPS when that pay is cut back to the NORMAL level is ridiculous, IMO.
If people don't want to do the hard physical work of sorting (often heavy, and at a fast rate all day on their feet) packages for $15 an hour, I understand that. If people expect holiday bonus rates to become permanent, that's unrealistic.
gollum wrote:While Russia and China are both authoritarian regimes that I wouldn’t want to live under both seem better placed than the US to control and compete for resources going forward. Neither is as politically divided or as debt ridden as the US is and neither is showing the diplomatic and military incompetence we’ve been exhibiting the past twenty years. We are actually to the point where things are so bad that even PBS ran a story last week speculating about the possibility of a second civil war here. That’s something that screams things are not good.
JuanP wrote:I totally agree! I just see the evolution of a multi polar world. The USA will most likely retain an area of dominance. I expect the process to be slow, but with interspersed crises.
gollum wrote:While Russia and China are both authoritarian regimes that I wouldn’t want to live under both seem better placed than the US to control and compete for resources going forward. Neither is as politically divided or as debt ridden as the US is and neither is showing the diplomatic and military incompetence we’ve been exhibiting the past twenty years. We are actually to the point where things are so bad that even PBS ran a story last week speculating about the possibility of a second civil war here. That’s something that screams things are not good.
gollum wrote:We are actually to the point where things are so bad that even PBS ran a story last week speculating about the possibility of a second civil war here. That’s something that screams things are not good.
Instead of slow I expect the current administrations failures to create a backlash that will allow future administrations to move swiftly to meet and defeat any crisis that comes up.
suxs wrote:Define Word Salad by example:Instead of slow I expect the current administrations failures to create a backlash that will allow future administrations to move swiftly to meet and defeat any crisis that comes up.
evilgenius wrote:I hope that tensions with China ease a bit by the end of the year. Higher interest rates in the US should make the Yuan cheaper. It should be good for Chinese exporters. The Chinese just need to keep the wheels from coming off of their economy before then.
I always wonder with China what the catalyst will be. Because you know at some point there is going to be a revolution over there. Everybody in power over there knows it. When they finally find someone who is good enough, and willing enough, to merge the present with the future, like Gorbachev, it will happen. That's when the sleeping giant will truly have awoken.
vtsnowedin wrote:evilgenius wrote:I hope that tensions with China ease a bit by the end of the year. Higher interest rates in the US should make the Yuan cheaper. It should be good for Chinese exporters. The Chinese just need to keep the wheels from coming off of their economy before then.
I always wonder with China what the catalyst will be. Because you know at some point there is going to be a revolution over there. Everybody in power over there knows it. When they finally find someone who is good enough, and willing enough, to merge the present with the future, like Gorbachev, it will happen. That's when the sleeping giant will truly have awoken.
I fear that tensions with China will get worse, not better, for several years going forward. Emboldened by the weakness of the current US administration they very well might move to invade Taiwan which I think will come at great cost to them both militarily and economically.
evilgenius wrote:Or things could look pretty good in China, once they start making money again. It will be good for it not to be true that ginning up national emergencies to make work and keep the status of the government supreme in the people's eyes was a good policy idea. Because that's a bad road to start down. It has its own gravity. It can be like a black hole for governments at some point. They get stuck where they can't liberalize because of social tensions and appealing to groups within their own power structure, but liberalizing is what will save the country.
In a community of nations a nation treats its good neighbors much better then it treats bad ones. I think China, Russia,, North Korea and Iran and a few others would all be much better off being good neighbors then using their present tactics.
If they took the money they spend on their armed forces and spent it on building up their economies and infrastructures they could move forward much faster then they ever will trying to dominate their neighbors.
Doly wrote:In a community of nations a nation treats its good neighbors much better then it treats bad ones. I think China, Russia,, North Korea and Iran and a few others would all be much better off being good neighbors then using their present tactics.
If they took the money they spend on their armed forces and spent it on building up their economies and infrastructures they could move forward much faster then they ever will trying to dominate their neighbors.
And what if we are nearing peak oil for real this time? Then it would explain a lot the behavior of China, Russia and Iran. What if we are seeing the final grab for power over the last remaining energy resources?
Doly wrote:And what if we are nearing peak oil for real this time? Then it would explain a lot the behavior of China, Russia and Iran. What if we are seeing the final grab for power over the last remaining energy resources?
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