The current capital tantrum has a feeling similar to the end of the movie Trading Places, when the two clowns that own the trading firm lose all their money, and they are standing there on the trading floor, yelling "Turn The Machines Back On".
What is vexing these people is that there is no way, outside of forced labor/slavery - to put the genie back in the bottle. The mom that figured out that having an SUV versus a Honda Civic isn't worth the stress of finding daycare and working for a sociopath. The person who early retired and decided that sticking around to buy a second house isn't worth the stress isn't reversing that decision. The restaurant worker who switched to gig delivery because, while the pay is still bad, at least you control your schedule and don't get exposed to COVID quite as much.
The most striking (pun!) thing is just how whiny some of these small business owners sound. Remember that time you asked for a raise, and the restaurant manager said "you aren't worth what I pay you now... much less a raise"? The whole "but I can't afford it and I will have to close, boo hoo" whining... well Mr Independent Businessman, maybe you should eat less avocado toast, buy fewer lattes, and consider selling your sailboat and tricked out F250 that you don't haul anything with.
I own a business. I pay my people well. It isn't hard. It just means you have to actually give a shit about your people and realize that *they* are the reason that *you* are able to turn a profit.
Welcome to capitalism, Mr Business Man. Let me educate you on this thing called supply and demand that applies to labor as well as burgers.
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There Isn't A Labor Shortage, There's An Abundance of Bad Companies
The current capital tantrum has a feeling similar to the end of the movie Trading Places, when the two clowns that own the trading firm lose all their money, and they are standing there on the trading floor, yelling "Turn The Machines Back On".
What is vexing these people is that there is no way, outside of forced labor/slavery - to put the genie back in the bottle. The mom that figured out that having an SUV versus a Honda Civic isn't worth the stress of finding daycare and working for a sociopath. The person who early retired and decided that sticking around to buy a second house isn't worth the stress isn't reversing that decision. The restaurant worker who switched to gig delivery because, while the pay is still bad, at least you control your schedule and don't get exposed to COVID quite as much.
The most striking (pun!) thing is just how whiny some of these small business owners sound. Remember that time you asked for a raise, and the restaurant manager said "you aren't worth what I pay you now... much less a raise"? The whole "but I can't afford it and I will have to close, boo hoo" whining... well Mr Independent Businessman, maybe you should eat less avocado toast, buy fewer lattes, and consider selling your sailboat and tricked out F250 that you don't haul anything with.
I own a business. I pay my people well. It isn't hard. It just means you have to actually give a shit about your people and realize that *they* are the reason that *you* are able to turn a profit.
Welcome to capitalism, Mr Business Man. Let me educate you on this thing called supply and demand that applies to labor as well as burgers.