... and that's why you're not getting a payraise anytime soon. Underemployment replaces unemployment
More wonkishly stated, the Fed does most of its forecasting and decision-making based on the Phillips Curve, which basically slaps a coefficient between unemployment and wages. However, the Fed has re-jiggered the definition of "unemployment" and "wages" so much in the past 20 years that their coefficients no longer work. The model itself is fine: people will pay more to hire someone if they can't attract anyone at a shitty salary. However, the market incentives are such that "shitty salary" is attractive for (A) benefits (B) credit rating (C) rental references (D) income stability. Effectively, the conservative business model has made unemployment so dystopian that Victorian workhouses are attractive.
It comes down to what you want your economy to do. If you want your economy to maximize profits, you're going to get as close to feudalism and slavery as the law will allow. If you want your economy to maximize employment, you're going to skunk the shit out of profits. Labor vs. Capital, sunrise sunset.
That’s because the definition of employment and unemployment has changed in the last decade. Now people can be underemployed but not unemployed, so that one shitty job can be split between two people at 10-35 hrs a week. There still aren’t enough jobs but they don’t show up on stats. The data could be corrected by combining underemployed hours and dividing them by 40 and getting true unemployment rates equivalent to what we were measuring in the past but nobody wants to do that
IMO loss of leverage has something to do with it. I don't think the model is fundamentally broken, it's just that workers are going to exercise their leverage in new ways. You can't ask for a raise at a job like Uber. It'll take some time, but the man is going to pay what he owes.
I agree that the headline is an overstatement. It's a common ailment where headlines are concerned. It'll be interesting to see how the workers exercise their leverage as things progress in these directions. As always, I'm hoping it won't be through bloody riots, but that's a given. Regarding the man paying, I'm less sure, but encouraged by your optimism on the subject!
It'll be interesting to see how the workers exercise their leverage as things progress in these directions.
Long story short, I determined that when the Eisenhower utopia of a chicken in every pot and a mortgage on every family dissolves into a Dickensian nightmare of workhouses and Edwardian hyperluxury, the best bet for the non-wealthy is to sell to the wealthy. Don't get me wrong: I have a triple-word-score of a job. I make a middle-class living working only four months a year. I've got retirement funds and a pension (!). But if it can be automated, it will be automated and just because they haven't succeeded yet doesn't mean they won't. Know what's selling right now? Luxury goods. Know what sells well when rich people get richer? Luxury goods. At the crush of the Quartz Crisis, when the world was going to end for the Swiss, the Swiss watch industry did $2.7b in sales (in 2017 dollars). Now, when nobody remembers what watches are for and everyone is sporting smart devices from Apple and Motorola, the Swiss watch industry is doing $27b in sales (in 2017 dollars). So I'm making watches. If you have a choice between making 20 cents on every burger poor people can buy or $20k on every watch a rich person can buy, go for the watch. You'll work less.
Ozone 5, yo. I have a cracked version, but I’m not so sure it could be done again, they’ve probably upped their game since four or five years ago. I could spend tens of thousands of dollars on plug-ins. They’re better than “gear”, in the hardware sense, imho.
I have spent prolly $10k on plugins. Including, I think, Ozone 7. Haven't gone 8 yet. Problem with Ozone is it's... aggressive. If you don't know what you're doing you crush the dynamic range into grape jelly. As far as I'm concerned, though, the cool stuff out of Izotope is the creative plugins. Iris is basically a Korg Wavestation from hell: Stutter Edit is... well, it's stutter edit: And Trash is the most fun distortion plugin I've ever played with and I have more than a few.
I can recommend the Sonnox Elite Oxford Limiter, it was always the last thing on my master track. Mannnnnn I can’t wait to get back into producing.
I got a shit-ton. It's super-handy. I've got movies on television that would not have been possible without RX. However it's worth pointing out that "final mix" was a product that they didn't even tell the beta tester pool about. They just launched it. And then they sold it to video editors. Who decided it sucked. And when video editors think your audio product sucks? it sucks. But it might not forever.
Huh. That's an excellent point. Now I just need to find a DIY guide to high end watchmaking (or jeweled scarab crafting, whichever). Is the iZotope/final mix link a nod to your current gig? I seem to recall you do film, which I have to guess, is the right side of soundcraft to get in on. I'm more on the music/podcast editing side, which ... may not be. It hasn't brought me a pension, that's for sure.
I got a Gannt chart with five years and 200 credits on it that indicates it's a bit more than DIY. Nobody is ever going to pay for podcast editing. Music? They used to pay producers. Not so much anymore. My boss mixed bloody Blood Sugar Sex Magik and he's making $50 more a day than me. The Hollywood sound industry is teeming with music guys who decided they wanted to be able to afford to live. Most of them had done just fine in the '80s and early '90s but it's fair to say that Napster and iTunes effectively killed the music industry.
That stands to reason. Tiny machinery doesn't just assemble itself. I am currently being paid for podcast editing. Of course, compensation is sub-sensational ... and that's a rather deep understatement. The work is good though, when it's there. Yeah, I've long wondered whether I shouldn't try and get in that game, sound editing for film. I assume you have to know the secret password and have good ins to get a seat at the table, on top of skills/experience.
You need to know someone and you need to be packin' heat. I switched to 5.1 back in 2002 and started getting work just because I had 5.1 (and knew how to use it). Because surround delivery is a requirement for any distribution you might find, the lions' share of at-home indie dudes are assing themselves out automatically because they think stereo is adequate. It's not. I'm 4 1029s away from going Atmos. I might have to. It's going to be the delivery format of the future and nobody knows how to author it.