Yup.Quote:
Originally Posted by old_newguy
Like rental car inflation.
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Yup.Quote:
Originally Posted by old_newguy
Like rental car inflation.
some people just whine about the price, of everything all the time
Is that cuz they have no critical think skills about how the price got high or what it cost to get something to the end loser ?
If you don't like the price figure out why you don't like the price and try to act according ly
Yup. Rental cars are a great example here. Last year the headlines were all about how the car rental co's were dying and liquidating fleets because they couldn't afford to park them. Now everything is opening back up and they don't have a fleet to meet the return of demand. Prices spike. They'll get the cars and prices will come back, it will just take 4-6 months. Meanwhile I'll be doing some rallycross in a privately owned Honda Fit across the state of MT.Quote:
Originally Posted by XXX-er
It's about $7,500-$9,000 to the West Coast from China. No end in sight. American appetite for cheap Chinese goods is insatiable. Rolled steel going for about 30% increase YOY. Aluminum up about 13%. Lumber, well, lumber has gone bonkers at around 250%.Quote:
Originally Posted by stealurface831
More price hikes coming down the pipeline as fuel prices march upward. And try hiring someone to work in a mfg. or warehouse facility. Let alone find someone with a Class C drivers license that wants to run long haul routes.
Interesting take that nobody else seems to be talking about.Quote:
Originally Posted by Not DJSapp
You're not wrong.
My economist GF agrees with you. She says real inflation must include a supply side driver (increasing wages) or something like that. Why say do we call what's happening now, then? Just cost increases in various products?Quote:
Originally Posted by Not DJSapp
I think he's right and Buffet touched on it briefly, only mentioning intenational air travel, but there are many sectors that are languishing and others that are thriving. If you look at the numbers, linked in dinfree's post above, average credit card debt went down in 2020, the first time sinc I think '08 and only the third time ever I believe.Quote:
Originally Posted by Asspen
The money's moving around but I don't believe there's that much more of it in circulation overall.
We're not out of this yet. As Sapp said, entire billion dollar industries have been decimated for over a year. We're starting to see a big recovery just begin in domestic travel and restaraunts, but, commercial RE, international travel and tourism, and theater and stadium events still have a long way to go. We really won't know what's going on for a year or two (Lord help us if a vaccine resistant variant takes hold), but, a lot of underlying conditions still exist from pre pandemic times. Our industrial base is still halfway around the world and not coming back, personal debt is at all time highs, including 1.5 trillion in student debt, let alone all the frivolous credit card debt all around us, and now there's millions taking on high mortgage debt in a bubbled market, and, demographics. Covid didn't kill all the Boomers, sorry. It will still be another ten years before the last one turns 65, so they'll be with us for most of your lives. Old people, in general, don't spend a lot of money. Prime spending age is about 45. Besides, almost half of Boomers have nothing to spend besides SS in "retirement" anyway. They'll be a drag on the rest of the economy for years.Quote:
Originally Posted by climberevan
Oh, and that defeat of the Amazon union forming in Alabama is just a mockery of modern labor organizing. No way wages are going up if that can't happen.
Normal cntr freight rates have been in the $3k range for a 40' dry van. All depends on what you are shipping.Quote:
Originally Posted by liv2ski
I just paid $3.45/ reg. unleaded in Bend. Last week I paid $2.90 in CT. NJ was mid $2.80 range. Wait until the summer hoards hit the roads at the end of the month. $4 gas is right around the corner.
A bubble. Similar to steel prices in the early 2000's when China was building like crazy. Not all bubbles pop, some just deflate. Demand will wain as people find other places to spend their money giving supply a chance to catch up.Quote:
Originally Posted by climberevan
I'm beginning to believe that you really are DJSapp.Quote:
Originally Posted by Not DJSapp
Smartest guy I ever listened to was a ditch digger, he said you made all that money in RE/ being too stoned to spend it, sooner or later you gotta buy something cuz they are printin it
So I got back into RE ... smart move
bubble implies some misallocation. This is just a period of higher prices.Quote:
Originally Posted by Not DJSapp
That and in some areas, labor shortages. Right now in this area any carpenter, equipment operator or even concrete truck driver that is worth a shit can name their price. Problem is, little to no available housing and what is available is expensive as hell.Quote:
Originally Posted by dunfree
it isn't just skilled labor here. sales positions, fast food, gas stations etc. can't find anyone either.Quote:
Originally Posted by Bunion 2020
Same here.Quote:
Originally Posted by Bunion 2020
I’m short one skilled and one unskilled
No one applying for job ads.
shit jobs with shit pay can’t hire :rolleyes: boo fucking hooQuote:
Originally Posted by stealurface831
Turns out the magic solution is pay more (but not that much more) money
https://www.bizjournals.com/pittsburgh/news/2021/05/04/how-local-companies-are-filling-open-roles.html
no different than before the pandemic. Target doesn’t advertise pay raises in October because they give a single fuck about their slaves, they do it because the free publicity gets them thousands more applicants
No shit. 'No one wants to work' really means 'no one wants to work for what I'm willing to pay.'
Worth the watch:
I mean, I don’t really disagree.Quote:
Originally Posted by dunfree
Sent from my iPhone using TGR Forums
The local Subway is paying $22.00 an hour, from what I heard today.
Make of that what you will.
Sign me the fuck up.Quote:
Originally Posted by rideit
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Either work @ $20/ hr, taxed or make $16/ hr with stimulus $ + unemployment, untaxed. Same difference.Quote:
Originally Posted by Mazderati
That free money will run out eventually and things will level out. There’s a balance between what companies are willing to pay vs people taking advantage of what’s being given to them for free.
Article in the Detroit Free Press this weekend about servers making $70k/ in Traverse City, MI...which is hard to believe.
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Yeah, it’s all the stimmy :rolleyes:
which is why the same shitty bus8nesses that were hiring for the same shitty jobs for 5 years are still desperate. Oh, and the cranks who ran covid farms for their employees are bitching on Fox no one wants to work for them
Not so sure about your numbers.Quote:
Either work @ $20/ hr, taxed or make $16/ hr with stimulus $ + unemployment, untaxed. Same difference.
Well, we are about to test that theory.
Governor just announced an end to the $ 300 a federal week supplemental and is offering a $ 1200 bonus for anyone who gets a new job and holds it for a month.
It was like that before the pandemic. It's stupid that we push everyone to go neck deep in debt to go to college while building trades, mechanics, truck drivers, and tube amp technicians* are in short supply.Quote:
Originally Posted by Bunion 2020
*personal peeve
It’s not all the stimulus money but it has an impact. We have warehouse workers making >$25/hr quitting on the spot. When asked, they tell us it has nothing to do with our company (which I would argue treats its employees pretty damn well) and they can make almost as much money by claiming unemployment along with their stimulus check and not have to do anything.Quote:
Originally Posted by dunfree
Take it for what it’s worth but it wasn’t happening pre-stimulus checks or pre-covid.
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Turns out “essential worker” = disposable.
what’s there to test? Unemployment and the unemployment rate in Montana is back where it wasQuote:
Originally Posted by Bunion 2020
https://data.bls.gov/timeseries/LASS...de_graphs=true
LFPR is down, but people receiving unemployment don’t count for pushing that down.
quits rate is essentially unchanged from precovidQuote:
Originally Posted by dtown
https://www.bls.gov/news.release/jolts.t04.htm
warehouse jobs suck balls, not saying they haven’t said that, just don’t see where this aggregate of anecdote is in the data.
You guys down south can quit a job for no good reason, and then still collect the pogey? That's fucked up. Need to be fired/ laid off/quit for reasons of health or safety up here to go on the dole.Quote:
Originally Posted by dtown
State laws vary, but generally you are not eligible for unemployment benefits if you are fired for cause or quit willingly.Quote:
Originally Posted by BCMtnHound
My first thought was that Subway seems rather low-brow for Jackson these days.Quote:
Originally Posted by rideit
@ BCmtn: Around here, a pogey is a fish. But yeah you don't get unemployment benefits if you just quit in this state at least. Not sure how it works with all the covid stuff though.
Heh, well the term pogey up here originated with the newfies, most often associated with layoffs around the fishing season, so maybe there was a connection?Quote:
Originally Posted by ötzi
Kinda funny, the BC govt rebranded it Employment Insurance several years ago. Seems some folk complained of the stigma associated with calling it Unemployment Insurance. Been almost 2decades since I applied for the dole, but I still remember the answers 'No, No, No, Yes, No' even if I can't remember the questions. Back when it was all submitted by paper, and not searchable against airline bookings.
HaQuote:
Originally Posted by Dantheman
Hah hah hah
Hah hah hah hah
-stop it. You’re killing me
didn't mean to go off the rails the other night, but I pay attention to this closely, I step back and watch everything that is going, I don't watch the news on tv or the internet cause it's all garbage, but I read multiple newspapers daily
I'm not rooting for a correction or a downfall either, but not dealing with the issues at hand or ignoring them is crazy
if you read the wall street journal today, yellen started to get serious and sure enough she caught a bunch of flack and had to back track on her comments cause the powers that be thought she'd spook the markets
look at gas in 2006 and 2007 it was at 5 bucks a gallon. Why? sure enough the gov't started asking questions and hey they were just running the price up because the could
I get the lumber market report every week, yes they are filling only 50% of the orders, but that doesn't excuse the price. And yet I bought 10 sheets of oak ply today for 85 bucks each, while osb which is garbage chip wood is 45 each.
paint is screwed I can't even buy SW 200 paint right now, they won't let me, granted I don't buy that garbage, I use higher end paint. Electric boxes don't exist either. Pretty funny.
If your poor in this country inflation is real. As far as wages it's not pretty at all, I start a laborer at 18 an hr and that doesn't cut it anymore, I got some ex gang banger from denver who has what might be a 7th grade education and bunch of kids with no real skills but shows up every day with the best attitude and can do spirit he makes 25 an hr. WTF? I went from interviewing and looking for the best guys years ago and picking people to finding someone through a referal and selling them on why they need to work for me. I spent 20 mins today trying to sell someone on a job. Then he asks if I offer health insurance. Fuck? I had another guy quit, go do his winter ski job, called him to see if he'd come back this spring, he said no, then I get a notice of unemployment claim a couple days later from the state. Called my money guy and he filed the paper work online to deny the claim and he said he will probably get the unemployment because the state doesn't care about my claim that he has a job.
No worries, interesting to hear what is happening around the country.Quote:
didn't mean to go off the rails the other night, but I pay attention to this closely,
That's why its kind of funny (not Hah hah funny though), right now our Governor and Legislature are fixing a lot of things that are not broken.Quote:
Originally Posted by dunfree
You should sit in the square and people watch some summer Saturday afternoon. It ain't the high end of the gene pool.Quote:
Originally Posted by Dantheman
I find the story about warehousers making over $25/hr and quitting - to receive unemployment to be unbelievable. First, I don't think you are getting a claim unless something else is fucked up about the job or you are seasonal or a temp. Second, I don't believe this would ever happen en mass. I mean, who is paying for their health ins now? Sounds like bar talk bullshit from one squeaky wheel guy at best.