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kleinbl00  ·  1036 days ago  ·  link  ·    ·  parent  ·  post: If You Thought Working From Home Was Messy, Here Comes Hybrid Work

I think we're looking at a business catastrophe of seismic proportions.

The popular narrative is "look at all the jobs out there going unfilled" but the realistic take is "look at how little businesses expect to pay for labor". Dan Price pointed out that if you're a Millennial, you've experienced two "once in a lifetime" recessions since you graduated college at which point your social contract is fuckin' broken. The WSJ is worried this morning about everyone buying into real estate as a hedge against inflation because if you can't raise rent you eat shit. And you can't raise rent if jobs are going unfilled because the wages offered aren't enough to bother working for. This thread is a horrorshow (a horrorshow backed up by this morning's Daily Shot - I mean, look at this bullshit), but one thing I wanna draw attention to:

I mean, I made that call two months ago. "Your $78 an hour job is not worth my time." And speaking as someone who has been researching buying all his employees health insurance? The public market sucks? But the subsidies are such that I gotta stretch to beat your shitty marketplace option. I'ma do it because if I don't I'm an asshole but there are a lot of companies out there whose management tattooed "ASSHOLE" on their own foreheads.

And, okay, I can automate my way out of some stuff. But in human cases, the automation sucks. This is me not buying my health insurance through Square because every online review points out that beyond the initial setup it's a catastrophic dumpster fire. Having bought our 401(k) through Square I 100% believe that. So what we're left with is rich fucks buying up all the houses as an inflation hedge and poor fucks going "fuck you I'd rather eat cat food than let you treat me like that."

I think capital has no generational memory of what the world looks like when labor has any power. And I think GenZ is about to remind them.