NOW HIRING!!

Being part of the retail world for 20+ years, wasn't really hard until now. Every where you look you see a now Hiring sign in the window and all of them seem to have to put a dollar amount on their signs.

Now some people may think this is a good thing, but they couldn't be more wrong. More people hiring equals less to hire from.

Now every year I have to hire berween 15 and 20 new employees to work from November 1st through January 1st. Never before have I had a problem reaching those numbers, this year I have Hired 3. All three of those where hired at a payrate higher than what we normally start part timers off at, ($10.45 is our start for Part timers). Now this cant be just a problem with my company, it has to be retail company wide. So what does all this mean? It's simple you have to pay them more than what you planned on paying them or Budgeted to pay them. Budgeted being the magic word in that sentence, see once you go over budget, then the problems start. Over budget means less profits,,,, you see where this is going? It's a death spiral, the work force is in control of what you pay them.

So I had to quickly educate myself on some labor statistics. Boy was I shocked at what I found. Take a look at this chart.

Look at the bottom figure....35.2 % of people who are able to work, do not want to work. This just completely blows my mind. Then I found this statement from the same article...

So see we are really dealing with a 38.2% unemployment rate, if we counted the group that doesn't want to work. Here is another good point

So Basically if you have given up on finding work, then you are not included in the 3.2 % unemplyment number.

So with the above 3 statements, do you still think the unemployment number is real? So whats the answer? I don't know. What I do know is this, they economy can not just pay people what they want, just to be able to hire people. This is a disaster waiting to happen.

Check this fact out that I found once I googled baby boomers.

Should you even be able to say "adult children" I mean what is that exactly? They way I see it is if you still live with your parents, then you still need to be parented, which means you are not an adult yet.

Here is another Fact, 10,000 Baby boomers are leaving the work force everyday. So that means that the United States would need to create 300,000 jobs a month for there not to be a deficit between those that are leaving and those that are starting in the work force.
Plus remember 59% of the baby boomers are taking care of their adult children. What a freaking mess, hard times are ahead for us.

I am going on record to predict this, 4th quarter profits will come in less than expected. Also you will see more and more jobs being replaced by automation or online services.