https://apple.news/AQCUbzM4DRL-LS8aghJmzAw
I wouldn’t be surprised this quarter GM decides to shave more of its head count…
13 replies (most recent on top)
Was just thinking about how our current power structure endlessly claimed that it "built back better."
Funny thing. I can not think of a single thing that was built back better.
Food and fuel inflation is up 50% in many cases. Thousands of stores closed. National, corporate and personal debt at the highest levels in history, as well as delinquency rates. 30 million illegals let in, overwelming cities with high debt burdens and crime. Banks closing, insurance being cancelled, job cuts, a demoralized population and poor prosects for the future.
What was built back better???
@6zbf+1smo3VJa
“ Most people make 6 figures now”
100% out of touch and 100% WRONG!
The median earnings of those who worked full-time, year-round increased 6.9% from 2019 to 2020, with median earnings of men ($61,417) and women ($50,982) increasing by 5.6% and 6.5%, respectively.
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The claim is also a weak red herring. The vast majority of roles at GM are not menial labor as was claimed. If you guess with authority or make false claims, be prepared to be called out.
Most people make 6 figures now. It's hardly high paying ....
@5bhb+1smo3VJa
Menial job? Most people reading this are white collar employees that make more than six figures.
I'm 29 actually. I also don't think lanaguage models in their current state are much of a direct threat - they're a threat because executives believe that they can replace employees and act in accordance to that belief.
I firmly believe that this current AI rally/pump and dump will result in a lot of disappointment and cleanup because of such false beliefs.
Now, the real AI threat will come years down the line after the initial bubble bursts, and the new models/systems are much more grounded and capable. But, don't worry, our leaders have been building a feudal system for the past few decades to keep us in line, just work your menial job and pay your taxes, and all will be well 😉
If people keep mentioning 5 days, SLT will be happy to re-introduce it.
"After engaging with teams and listening to feedback, GM leaders are in the process of sharing the next steps of our Work Appropriately evolution with employees as we create a rigid model with a more regular in-person cadence of five mandatory, eight hour work days across the company."
On the first of every month, GM employees can play a new game called "RTO Survivor", where your group can vote a team member "off the island". Other intangible benefits include randomly assigned restroom cleanup duties, an attendance monitor, new cry rooms in each zone and the jazz music also piped into the office space.
GM will mostly bump people through pips and MSP’s…then, reintroduce the 5 day onsite work week to make more people quit.
@1jtm+1smo3VJa
That's awesome that you have those skills. I can do those things too. Are you gen x by chance?
I'm feeling pretty grim about the future. If illegals are taking the construction jobs, AI capable of replacing white collar jobs in the near future, and service jobs being systematically replaced or destroyed by new business models coupled with AI & Robots... there are going to be far, far fewer opportunities for humans to thrive in the future.
I counted 16 AI language models out there now. I know many are derivative but how long before they are trained to do production work (aka transparent coding that is indistinguishable from human)? How long before AI can be trained to design an automobile, airplane, or anything else? It can already do research, accounting, handle verbal tasks, animate video, etc. fairly transparently. I'm not sure most people realize what a threat it is to our society.
Yes, I can weld. I can also plumb, do drywall, paint and repair vehicles. I'm a software developer who enjoys those sort of things, but which also understands that deman for labor fluctuates over time. I would also be hesitant to claim that blue collar work is the future- white collar money drives a majority of blue collar demand the learning curve for blue collar jobs is not high, which implies that those fields are easy to flood with cheap labor under the right conditions.
More “disguised” layoffs coming GM’s way.
Software development job postings are down 72%. Job postings are down 30% across the board. Construction jobs however are up 45%.
https://www.youtube.com/shorts/iDE-5VrXCDU
AI will drive this trend of fewer white collar jobs. Adjust your plan B accordingly and know that you can't dial it in from home if you were hired to weld. Can you weld? It's going to be amusing watching this next phase. The more spoiled and entitled you are, the more it's going to sting.
https://www.youtube.com/results?search_query=van+life
https://www.foxbusiness.com/economy/small-businesses-are-racking-up-credit-card-debt-raising-some-concerns
https://twitter.com/dailyjobcuts/status/1785740561065894201
https://www.zerohedge.com/markets/april-payrolls-unexpectedly-plunge-biggest-miss-2021-unemployment-rate-rises
https://www.dailywire.com/news/study-finds-that-renting-is-cheaper-than-buying-a-home-in-all-50-of-americas-largest-metro-areas
What is stagflation
Stagflation is an economic condition characterized by slow economic growth, high unemployment, and rising prices, often referred to as a combination of stagnation and inflation. It is a rare and challenging economic phenomenon for policymakers to address, as it defies the traditional understanding of the relationship between inflation and economic growth.
Unemployment fun fact
Something to think about: When people fall off the unemployment rolls, they aren't considered unemployed. That is how the unemployment rate stays at 3.9%. But - there's a real unemployment statistic called 'labor participation rate' that counts the civilian workforce (not children, seniors, disabled, etc). That number is... 62.7%. That's a real life 37.3% unemployment rate.
Context: In 1929, just before the start of the Great Depression, the labor participation rate was 83%.
Welcome to the party Jan!
You can post sourced statistics that show that we are deep in a recession now and most will not listen or they will mock you. "You keep saying that." Because until they get tapped on the shoulder, and until the sheriff comes to escort them off the property and until their wife serves them the papers, it's all happening to other people far, far away.
We live in a very narcissistic society with instagram vacations, luxury cars and mcmansions. The more people faked it, the harder they will fall. Anyone reading this who thinks, "Well, I'm not one of those people!" should think about their credit card debt, student loans, car payments, house payment and HELOCs and get a quick reality check. You can't keep up with rising insurance, groceries, energy bills and tax now. What will you do when you get a pay-cut or have to take a job that pays less than half of what you are making now in a weak job market? You think it can't happen to you?
2024 is going to be that cold splash of water to the face of millions of Americans. The fun hasn't even started (cyber threats, currency collapse, wars, civil unrest!). Those paid provocateurs will soon leave the college campuses to start their antics in the streets of America like they did in 2020. So much of what is happening -and what will happen- was planned far before 2020. There are books written about it and have been around in plain sight.
https://www.cnbc.com/video/2020/07/14/wef-founder-must-prepare-for-an-angrier-world.html
#notinmybackyard