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Investing General Discussion
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Blazin
Creative Title
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I may have but my current position was established just in the last few weeks, I started with options on 10/21 and started buying shares @ $235 and final purchase was @ $203
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Shonuff
Mr. Poopybutthole
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Not sure if these assumptions are accurate. $4 an hour for Truckers in California? Trucking firms don't want to add staff?
www.businessinsider.com
A 20-year truck-driving veteran explains why the solution to the supply-chain crisis is in sight but greed is getting in the way
The trucking sector is cashing in "on the mess it created," Ryan Johnson said. It could fix it by raising pay, but that would hit profits, he added.
www.businessinsider.com
Blazin
Creative Title
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Not sure if these assumptions are accurate. $4 an hour for Truckers in California? Trucking firms don't want to add staff?
A 20-year truck-driving veteran explains why the solution to the supply-chain crisis is in sight but greed is getting in the way
The trucking sector is cashing in "on the mess it created," Ryan Johnson said. It could fix it by raising pay, but that would hit profits, he added.
No he is referring to small independent drivers. They are paid for the Load and don't have a wage. So if you are paid $1200 to go from LA to Phoenix and you spend hours upon hours sitting around waiting to be loaded and unloaded you are going to earn anymore pay, so your calculated wage/hr will decline. Just as an example making rough numbers up:
$1200 for the Haul
4hr wait at port
7hr drive
2hr wait to unload
$650 Fuel
$280 Maintenance Reserve on Truck (373mi)
$125 Healthcare Reserve
$11.15/hr before taxes
Now you could make this look even worse by considering he may have to drive back empty, or at least make another partial trip empty. If you can't be efficient as possible to not be driving empty independent carries can get into trouble real quick. The current climate especially in CA it is really not worth being an independent carrier IMO. Take the wage and let your employer deal with that headache.
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Sanrith Descartes
Von Clippowicz
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There is fuckton of chop right now in the markets. Unless I see something blatantly obvious like PYPL, I am sort of sitting pat until i get a clearer view of where we are heading. I will snipe a good deal if I see it.
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Ya, I'm waiting around for another dip to maybe add some more ETF type stuff, but probably not for at least another month or 2.
Sanrith Descartes
Von Clippowicz
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We are nearly done with earnings season at this point so its mainly China/Fed/DC/Macro shit to drive the market one way or another.
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Big Phoenix
Pronouns: zie/zhem/zer
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You have absolutely nothing to worry about, absolutely nothing is going to come out of left field and cause problems!
Russia deploys paratroopers to Belarus border amid fears of conflict
Secretary of State Antony Blinken accused Alexander Lukashenko of using migration as a political weapon against Europe and said US is 'looking at the tools it has' to respond.
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Sanrith Descartes
Von Clippowicz
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Imma waitingYou have absolutely nothing to worry about, absolutely nothing is going to come out of left field and cause problems!
Russia deploys paratroopers to Belarus border amid fears of conflict
Secretary of State Antony Blinken accused Alexander Lukashenko of using migration as a political weapon against Europe and said US is 'looking at the tools it has' to respond.www.dailymail.co.uk
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Shonuff
Mr. Poopybutthole
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Makes sense. I heard on CNBC in China its even worse. Something about the drivers have to wait up to 48 hours per load.
The_Black_Log Foler
Stock Pals Senior Vice President
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ToeMissile
Pronouns: zie/zhem/zer
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Shonuff
Mr. Poopybutthole
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Politics in Stonks Thread
This is not good, this means very little Economic growth for a long time, if true. And this would not be Biden's fault, it would be covid's fault. Trump is the one who shut down legal and illegal immigration. If these numbers are true, we need to be giving out millions of work visas. That or start cloning people.
I shit on Biden as much as I can, but if this is true, its not his fault.
news.yahoo.com
I shit on Biden as much as I can, but if this is true, its not his fault.
Goldman just figured out why the labor shortage will last for a long time: 60% of the missing workers retired, many for good
Out of the 3.4 million workers who retired during the pandemic, Goldman says 2.5 million are never coming back to work.
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Kiroy
Marine Biologist
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This is not good, this means very little Economic growth for a long time, if true. And this would not be Biden's fault, it would be covid's fault. Trump is the one who shut down legal and illegal immigration. If these numbers are true, we need to be giving out millions of work visas. That or start cloning people.
I shit on Biden as much as I can, but if this is true, its not his fault.
Goldman just figured out why the labor shortage will last for a long time: 60% of the missing workers retired, many for good
Out of the 3.4 million workers who retired during the pandemic, Goldman says 2.5 million are never coming back to work.
man you're a real piece of work shonuff
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Shonuff
Mr. Poopybutthole
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I honestly don't care for politicians and shit on them all.
As a business owner, I don't want to see articles like that. This last year has been horrible finding CDL drivers. Trucking wages in my area are up almost 40% from last year. I have my guys that have been with me for 10-20 years, and then I have CDL drivers that keep getting stolen because large corporations are offering them 15k signing bonuses and 40 an hour. One of my guys got offered that, with no overnights. He goes to the company, and it ended up being no signing bonus, 26 an hour and on the road.
Its gotten so bad that they are making offers to Employees and not keeping them. I let the guy come back, because they offered him double, and he did give two weeks' notice.
I'm ready for this labor shortage to be over.
Shonuff
Mr. Poopybutthole
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if not immigration, how do you plan on filling 5 million open positions?
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Blazin
Creative Title
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Last warning on the political shit in this thread. It has fuck all to do with investing who is at fault.This is not good, this means very little Economic growth for a long time, if true. And this would not be Biden's fault, it would be covid's fault. Trump is the one who shut down legal and illegal immigration. If these numbers are true, we need to be giving out millions of work visas. That or start cloning people.
I shit on Biden as much as I can, but if this is true, its not his fault.
Goldman just figured out why the labor shortage will last for a long time: 60% of the missing workers retired, many for good
Out of the 3.4 million workers who retired during the pandemic, Goldman says 2.5 million are never coming back to work.
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Shonuff
Mr. Poopybutthole
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OK, worker shortage is the issue. 5M people missing is gonna hurt. For a long time. If we have 11M open positions, and only 2M more people in the actual work force, we are pretty much fucked.
Literally, what Goldman Sachs is arguing we are at unsafe levels of unemployment, and we'll have higher inflation and low growth for years to come.
Estimates are just estimates, but GS says half of them are never coming back into the workforce.
The Downside of Low Unemployment
According to some pundits, the unemployment rate can be too low. Read on to find out why they think so.
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Ishad
Ahn'Qiraj Raider
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OK, worker shortage is the issue. 5M people missing is gonna hurt. For a long time. If we have 11M open positions, and only 2M more people in the actual work force, we are pretty much fucked.
Literally, what Goldman Sachs is arguing we are at unsafe levels of unemployment, and we'll have higher inflation and low growth for years to come.
Estimates are just estimates, but GS says half of them are never coming back into the workforce.
The Downside of Low Unemployment
According to some pundits, the unemployment rate can be too low. Read on to find out why they think so.www.investopedia.com
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Hateyou
Not Great, Not Terrible
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Only 1.5-2 million were unanticipated early retirements. Yes it’s a lot but it was bound to happen when boomers started retiring. Pandemic and free money made a lot of them just give up a little early. There’s still millions who didn’t. They can be replaced by nonparticipating people, welfare recipients, teenagers. Not if they keep getting handouts though, so who knows. Some of the jobs they left they may find were worthless and don’t need replacing.OK, worker shortage is the issue. 5M people missing is gonna hurt. For a long time. If we have 11M open positions, and only 2M more people in the actual work force, we are pretty much fucked.
Literally, what Goldman Sachs is arguing we are at unsafe levels of unemployment, and we'll have higher inflation and low growth for years to come.
Estimates are just estimates, but GS says half of them are never coming back into the workforce.
The Downside of Low Unemployment
According to some pundits, the unemployment rate can be too low. Read on to find out why they think so.