The corporations are attempting to save money by cutting the workforce. But this is only a temporary gain for them. They will ultimately hurt themselves by cutting jobs.
They don't care instead of selling a product to 90 people for $10, they will sell that product to 5 people for $200 and still make more for exact same thing.
Same here. Been with my company for 8 years and want to quit but maybe getting laid off is better. I also have not experienced collecting unemployment. I have enough savings and family backing where I don’t have to work for years so I’m actually open to getting laid off!
Well, after being in a layoff spree for the past two years, looks like suddenly there is a "Labor shortage" in tech. But only indians and anybody else willing to take 15 an hour or less) need apply.
Is like the conservative mainstream media has suddenly forgotten about the crisis in Canada after bringing foreigners en masse to fill out their white collar jobs. Even their liberals recognized the error.
They will quickly find out their living situation won't improve much and they won't be able to send back as much money as they thought to their families. have fun working 6 H1B1 visa jobs and living with 3 room mates, while not sending anything back to your family though.
A lot of jobs had been getting automated by software, machinery, or outsourced for years. You also have people coming into the country to get certain types of jobs with H1B Visas. There are just less and less opportunities in the US to make a living. I was thinking about moving overseas to teach English. All you need is a Bachelor's Degree.
@@LaborGains You need to go to an embassy of the country you want to go to. As for the difficulty, it largely depends on the country. For Japan and South Korea it isn't hard to get. I don't know about China, because I had never been there.
I had to enter the job market after 20 years in the military and it was a nightmare. I got a degree in tech but had get a job with my electronic background because tech job market is trash now
@@christophersmith2470 It's been a recession since '08, with a bump in the middle 2010s destroyed by the plandemic of the 2020. Ever since 2020 its been a depression for most.
Yup offshoring and absolutely no interest in quality like you said. When my Fortune 10 company outsourced our A/R call center I would call in sometimes and they wouldn't know what to do and would hang up or transfer me to a busy signal. Zero competence. When Americans did this work they were expected to provide quality. But Indians? Nah anything goes. No accountability. And H1Bs. The H1B thing has blown up all over Twitter this past week. It's way worse than anyone realized. Not even truckers and cashiers are safe anymore.
7:10 - When I worked in a call center, I automated my workflows using my programming skills. With today's technology, we could have a society where people only work 4-6 hours but have a higher income than they do now, but greed won't let that happen. Instead of talking about how hard it is to find a job, I would suggest a discussion about job creation and how many jobs and positions, especially in the tech industry, are just "monkey work" that pay nothing and are only there to keep people busy and inflate the size and importance of companies. Furthermore, their oversaturation is partly the reason for the current job market and economy we find ourselves in.
Housing in a Sellers market...Jobs in an Employers market... Governemt in a red tide for the next 4 years... Life about to be in an AI market... what a time to be in your 20s/30s
I remember "chatting" with customer support for an app a few times. The responses were the same, letter for letter. Felt like whatever is on the other end also had to work with limited unhelpful options for their response as well.
I tried to start learning to be a computer programmer. Then I realized they’re are NO entry level jobs especially without a degree. Now I’m saving my money to hopefully go to truck driving school. 2024 was a very hard year
I hear that. I also hear that no one wants to work from business owners. But no one wants to interview people. The pay is unbelievable. A job I had pre-2020 posted a position for 55 dollars a day! I made 3 times that in the same role. What in the world is going on.
H1B is not taking all jobs, it’s for engineers and doctors. We don’t have enough of them since kids these days want to get degrees in business, marketing or arts.
H1B1 taking the slightly more involved jobs and AI taking the bottom end. The only thing left will be the 20+ year experience, nepo baby, CEO positions. Yikes!
nope! still true today. No one wants to work anymore. My company cant keep people so they start to offer signup bonus to get people in but STILL cant get/keep people!!!
I feel you brother hang in there work in seafood or grocery store or you will run out of money while just looking do whatever you have to in order to survive because I dont see tech jobs coming back soon. its been 2 years for me and its rough our there the first year I ended up in the hospital with full mental breakdown but it did allow my mind to calm down and realize that life is transitions sometimes it doesnt go my way and thats okay .the mind will keep telling you it has to work out how you want it but sometimes you have to accept and allow using the dare method and mindfullness can help as well.
I don’t think corporations are rationale to realize that lay-offs are a vicious cycle that harms their profitability in the long run! Sure cutting labor cost might look like a short-term fix but if many employers are doing it that means the general population will have less disposable income to purchase their goods and services so there will be a decline in revenue. Offshore labor is cheaper but they can’t afford to replace the consumers from the developed countries who are already used to higher salaries. I also learned that companies are responsible for paying for unemployment insurance. How many laid off employees who claim unemployment and for how long is tracked and determines the new premium the company has to pay for unemployment insurance. There is also a morale issue where people are waking up and no longer being loyal to a company knowing they are not immune to lay offs. It is much cheaper to retain employees than to experience turnover and replace new ones more frequently.
In areas where "everyone knows everyone" yea. Like if you abruptly leave one company and try to work at a competitor they can easily find someone to ask illegally about how you left.
@@intotheshoot7324 Oh no. There is nothing formal. Just all these people in the same industry know each other. Even when I have not given permission for a company to contact my previous company, they still found a connection there to ask about me.
These companies will find outsourcing is the way to cut costs, look at the currency converter, $10 an hour goes far in those countries. Also, I notice the dumbing down of requirments like insurance licensing.
I love your analysis and thinking process. Thank you for sharing it with us. One question: At this point, I want to focus on those areas where the AI and Robots can not replace me. What are those areas in your opinion?. I don't want to keep competing with Quantum computers, AI, RObots, outsourcing, etc. Time is precious and crucial at this point 2025. Thank you
Thanks for the question! I think there will always be a need for human connection and creativity in any field. If you can perform services for high wealthy people they are going to want someone to do that who is a human. At their company they would outsource as much as possible, but personally they want people. So doing taxes for them, managing their investments, even manual labor and repairs around their home.
Well if you avoid AI, then you got to deal with the visas taking your jobs (01,H1B1). Some jobs that will be somewhat loss proof are: 1) Government jobs / contract opportunities. 2) Self employment 3) GTFO and live in a cheaper country and I guess you run an e-shop/hustle academy like Andrew Tate. 4) Your Fd, enjoy prison.
Our current economic mess/dystopia is a direct consequence of profit maximization for its own sake, untempered by any social or humanistic concerns. It is basically a theorem of the extremely short-term thinking that drives our economic system This system perhaps worked in the past, but it is becoming increasingly outdated.
Well, you seem to have very good communication skills, so you can use that to your advantage. I think hard times are ahead. John 14:6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
I think you are tackling your job search incorrectly. The roles you are targeting are shrinking. What I notice is that my buddy can't find a tech job in Canada was able to land a job with Xai in USA. The truth is people need to start focusing on gig economy instead of 9-5. 9-5 = taxation gig economy = cash in the pocket especially if you live in high taxation area like Canada where 100k job is the same as 70k non-taxed job
@@beloved-child I am not referring to the gig economy like driving or delivery. I am thinking in the line of selling stuff on ebay and etc.... or mowing lawn and snow removal. Also gig economy in general you can evade tax. If you are in a high tax region like me 100k taxable job is the same as 70k non-taxed job.
@@christophersmith2470 the thing is how many ppl actually try to have create another income stream outside of 9-5. From what i am seeing not a lot of ppl are
@@mrguiltyfool Tons. Maybe you don't have personal experience but I can attest that it is quite common now for millions of Americans to have a side gig. I've always been a 1099 contractor and am quite the (formerly) successsful small entreprenuer, but right now the market is DEAD. There's just not any real innovation and the bigs have consolidated everything.
The corporations are attempting to save money by cutting the workforce. But this is only a temporary gain for them. They will ultimately hurt themselves by cutting jobs.
I agree with this completely
Absolutely greed will get them.
Less people means less productivity. It's inevitable.
They don't care instead of selling a product to 90 people for $10, they will sell that product to 5 people for $200 and still make more for exact same thing.
I don't mind being laid off as long as I get an abundant severance package to help me transition to my next job.
That's true.
Same here. Been with my company for 8 years and want to quit but maybe getting laid off is better. I also have not experienced collecting unemployment. I have enough savings and family backing where I don’t have to work for years so I’m actually open to getting laid off!
Well, after being in a layoff spree for the past two years, looks like suddenly there is a "Labor shortage" in tech. But only indians and anybody else willing to take 15 an hour or less) need apply.
Yeap - bring on those H1Bs
Is like the conservative mainstream media has suddenly forgotten about the crisis in Canada after bringing foreigners en masse to fill out their white collar jobs. Even their liberals recognized the error.
You're right. Thank you for the comment
Hopefully, they destroy the H1B visas and tax companies using remote workers working outside the US
They will quickly find out their living situation won't improve much and they won't be able to send back as much money as they thought to their families. have fun working 6 H1B1 visa jobs and living with 3 room mates, while not sending anything back to your family though.
A lot of jobs had been getting automated by software, machinery, or outsourced for years. You also have people coming into the country to get certain types of jobs with H1B Visas. There are just less and less opportunities in the US to make a living.
I was thinking about moving overseas to teach English. All you need is a Bachelor's Degree.
That's a great idea, how hard is it to get a work visa to a country to teach English?
@@LaborGains You need to go to an embassy of the country you want to go to.
As for the difficulty, it largely depends on the country. For Japan and South Korea it isn't hard to get. I don't know about China, because I had never been there.
I had to enter the job market after 20 years in the military and it was a nightmare. I got a degree in tech but had get a job with my electronic background because tech job market is trash now
Oh wow. Thanks for sharing.
All jobs have some type of problems or jerk coworkers / management. 😔
You're not wrong.
My manager refused to talk to me for two months when i started. I quit after 4. It was outright mental abuse.
this yr was a recession.....
No, Q2 2022 until right now is a recession. Don't let 'em lie to you. 2025 could be a depression
@@christophersmith2470 It's been a recession since '08, with a bump in the middle 2010s destroyed by the plandemic of the 2020. Ever since 2020 its been a depression for most.
Yup offshoring and absolutely no interest in quality like you said. When my Fortune 10 company outsourced our A/R call center I would call in sometimes and they wouldn't know what to do and would hang up or transfer me to a busy signal. Zero competence. When Americans did this work they were expected to provide quality. But Indians? Nah anything goes. No accountability.
And H1Bs. The H1B thing has blown up all over Twitter this past week. It's way worse than anyone realized. Not even truckers and cashiers are safe anymore.
It's really frustrating how little accountability there is. Thank you for the comment.
7:10 - When I worked in a call center, I automated my workflows using my programming skills. With today's technology, we could have a society where people only work 4-6 hours but have a higher income than they do now, but greed won't let that happen. Instead of talking about how hard it is to find a job, I would suggest a discussion about job creation and how many jobs and positions, especially in the tech industry, are just "monkey work" that pay nothing and are only there to keep people busy and inflate the size and importance of companies. Furthermore, their oversaturation is partly the reason for the current job market and economy we find ourselves in.
Oh wow. Thanks for sharing
@@LaborGains Anytime. ✌️
Housing in a Sellers market...Jobs in an Employers market... Governemt in a red tide for the next 4 years... Life about to be in an AI market... what a time to be in your 20s/30s
What a time to be alive!
NO thanks I'll pass, not exciting more like depressing.
I remember "chatting" with customer support for an app a few times. The responses were the same, letter for letter. Felt like whatever is on the other end also had to work with limited unhelpful options for their response as well.
That's really frustrating. Yea, I think there is a script they have to follow or they get in trouble. Thanks for sharing.
I tried to start learning to be a computer programmer. Then I realized they’re are NO entry level jobs especially without a degree. Now I’m saving my money to hopefully go to truck driving school. 2024 was a very hard year
Sounds like a good plan. All the best. Thank you for the comment.
Hb1 visas taking all jobs
You're right.
I hear that. I also hear that no one wants to work from business owners. But no one wants to interview people. The pay is unbelievable. A job I had pre-2020 posted a position for 55 dollars a day! I made 3 times that in the same role. What in the world is going on.
H1B is not taking all jobs, it’s for engineers and doctors. We don’t have enough of them since kids these days want to get degrees in business, marketing or arts.
@ap774 That's why I got out of marketing and business. Well, sort of just switched industries. It's saturated with people who can work cheaply.
H1B1 taking the slightly more involved jobs and AI taking the bottom end. The only thing left will be the 20+ year experience, nepo baby, CEO positions. Yikes!
You’re right at AI it’s useless except for FaceTune
Thank you for the comment.
Welp Elon and Vivek ain’t going to make it easier for a lot of people.
That's true.
nope! still true today. No one wants to work anymore. My company cant keep people so they start to offer signup bonus to get people in but STILL cant get/keep people!!!
What's the company? I need a job :)
Thank you for the comment.
Let's just be real. Companies are preparing for the end of the world and they're also ushering it in faster
Thank you for the comment.
I feel you brother hang in there work in seafood or grocery store or you will run out of money while just looking do whatever you have to in order to survive because I dont see tech jobs coming back soon. its been 2 years for me and its rough our there the first year I ended up in the hospital with full mental breakdown but it did allow my mind to calm down and realize that life is transitions sometimes it doesnt go my way and thats okay .the mind will keep telling you it has to work out how you want it but sometimes you have to accept and allow using the dare method and mindfullness can help as well.
I'm sorry to hear about your experience, but I'm glad you're finding your way through it. Thank you for sharing.
I don’t think corporations are rationale to realize that lay-offs are a vicious cycle that harms their profitability in the long run! Sure cutting labor cost might look like a short-term fix but if many employers are doing it that means the general population will have less disposable income to purchase their goods and services so there will be a decline in revenue. Offshore labor is cheaper but they can’t afford to replace the consumers from the developed countries who are already used to higher salaries. I also learned that companies are responsible for paying for unemployment insurance. How many laid off employees who claim unemployment and for how long is tracked and determines the new premium the company has to pay for unemployment insurance. There is also a morale issue where people are waking up and no longer being loyal to a company knowing they are not immune to lay offs. It is much cheaper to retain employees than to experience turnover and replace new ones more frequently.
All really good points. Thank you for the comment.
Is blacklisted real if you dont give employer notice?
In areas where "everyone knows everyone" yea. Like if you abruptly leave one company and try to work at a competitor they can easily find someone to ask illegally about how you left.
@@LaborGainsI was wondering if there’s a database where employers can go for these things 🤔
@@intotheshoot7324 Oh no. There is nothing formal. Just all these people in the same industry know each other. Even when I have not given permission for a company to contact my previous company, they still found a connection there to ask about me.
Indians are also flooding the tech jobs. I see more and more percentage of Indians each year and it needs to be addressed.
These companies will find outsourcing is the way to cut costs, look at the currency converter, $10 an hour goes far in those countries. Also, I notice the dumbing down of requirments like insurance licensing.
You are so right about this. Thank you for the comment.
I love your analysis and thinking process. Thank you for sharing it with us. One question: At this point, I want to focus on those areas where the AI and Robots can not replace me. What are those areas in your opinion?. I don't want to keep competing with Quantum computers, AI, RObots, outsourcing, etc. Time is precious and crucial at this point 2025. Thank you
Thanks for the question! I think there will always be a need for human connection and creativity in any field. If you can perform services for high wealthy people they are going to want someone to do that who is a human. At their company they would outsource as much as possible, but personally they want people. So doing taxes for them, managing their investments, even manual labor and repairs around their home.
Thank you for sharing your opinion.🥰
Well if you avoid AI, then you got to deal with the visas taking your jobs (01,H1B1). Some jobs that will be somewhat loss proof are:
1) Government jobs / contract opportunities.
2) Self employment
3) GTFO and live in a cheaper country and I guess you run an e-shop/hustle academy like Andrew Tate.
4) Your Fd, enjoy prison.
Answer to the title. There are 100 times as many seekers for every living wage paying job, and in some
industries 1,000 times as many. FACT
You're right. Thanks for the comment.
Our current economic mess/dystopia is a direct consequence of profit maximization for its own sake, untempered by any social or humanistic concerns. It is basically a theorem of the extremely short-term thinking that drives our economic system This system perhaps worked in the past, but it is becoming increasingly outdated.
Gotta make that quarter brah mentality. Instead of developers its, shareholders, shareholders, shareholders.
Good point. Thank you for the comment.
Aren’t low wages awesome
I love it!
@ I’m struggling to find work comparable to what I was making before I was laid off at the end of October. This job market is nasty
I can’t pay my own bills! No it’s horrible
Montana not a at will state
Ok. Good to know
hey also if you really need a job have you tried subbing at like a high school? that was my survival job for 6 months
I saw one of those on Indeed about a year back for $16/hr part time. Not kidding
@@christophersmith2470 well ya it sucked
Oh wow. Thanks for sharing.
Well, you seem to have very good communication skills, so you can use that to your advantage. I think hard times are ahead. John 14:6 Jesus saith unto him, I am the way, the truth, and the life: no man cometh unto the Father, but by me.
Thank you for the compliment. Amen!
I think you are tackling your job search incorrectly. The roles you are targeting are shrinking. What I notice is that my buddy can't find a tech job in Canada was able to land a job with Xai in USA. The truth is people need to start focusing on gig economy instead of 9-5. 9-5 = taxation gig economy = cash in the pocket especially if you live in high taxation area like Canada where 100k job is the same as 70k non-taxed job
Lol yea gig economy making pennies and no benefits while wearing out your car you won't be able to replace or repair with that income
@@beloved-child I am not referring to the gig economy like driving or delivery. I am thinking in the line of selling stuff on ebay and etc.... or mowing lawn and snow removal. Also gig economy in general you can evade tax. If you are in a high tax region like me 100k taxable job is the same as 70k non-taxed job.
@@mrguiltyfool Yeah, nobody else has thought of all of that. 🙄
@@christophersmith2470 the thing is how many ppl actually try to have create another income stream outside of 9-5. From what i am seeing not a lot of ppl are
@@mrguiltyfool Tons. Maybe you don't have personal experience but I can attest that it is quite common now
for millions of Americans to have a side gig. I've always been a 1099 contractor and am quite the (formerly)
successsful small entreprenuer, but right now the market is DEAD. There's just not any real innovation and
the bigs have consolidated everything.