Economy

[teachercd]

11 minutes ago, Archy1221 said:

If someone under 26 is taking higher pay instead of health insurance, that’s the smart move.  If they are forgoing 401k match, then they aren’t understanding the value of compound interest.  

Yeah I think a lot of people are looking at it like this

 

You are making 50K...you start looking for other jobs...There is (probably) a much better chance of getting a new job for 60K than there is getting a 10K raise at your current job.  

[Archy1221]

38 minutes ago, teachercd said:

Yeah I think a lot of people are looking at it like this

 

You are making 50K...you start looking for other jobs...There is (probably) a much better chance of getting a new job for 60K than there is getting a 10K raise at your current job.  

That definitely can be true for those making lateral moves.   New employers seem to value employees more than the employer they are currently working for. Short sighted many times on the employer part considering the cost of recruiting and onboarding someone new.  

[BigRedBuster]

35 minutes ago, Archy1221 said:

That definitely can be true for those making lateral moves.   New employers seem to value employees more than the employer they are currently working for. Short sighted many times on the employer part considering the cost of recruiting and onboarding someone new.  

Over the last couple years, we have tried to really step up our efforts to retain good employees.  Raises were the main focus, but providing clear paths and training for employees to move up and earn more was a big part.  Most of our losses though are either retirement at upper level positions or those people who last a month or two and just wash out for various reasons.  There is always going to be a certain level of person who doesn't understand how to keep a job long term.  Sad thing is, with unemployment so low, we find ourselves constantly having to try these people hoping some stick.

[JJ Husker]

2 hours ago, Archy1221 said:

If someone under 26 is taking higher pay instead of health insurance, that’s the smart move.  If they are forgoing 401k match, then they aren’t understanding the value of compound interest.  

Not to mention the initial free match money. That is a higher pay rate in itself.

[BigRedBuster]

 

[Archy1221]

12 minutes ago, BigRedBuster said:

 

It’s telling us the market will puke like every other time it inverts. 

[BigRedBuster]

3 minutes ago, Archy1221 said:

It’s telling us the market will puke like every other time it inverts. 

Not really.  It inverted in 2019 and the market didn't puke.

 

But, it's an indicator that there might be reason to be concerned.

[Archy1221]

27 minutes ago, BigRedBuster said:

Not really.  It inverted in 2019 and the market didn't puke.

 

But, it's an indicator that there might be reason to be concerned.

That is true.  I forgot about the 2019 anomaly. 

[BigRedBuster]

 

Just now, Archy1221 said:

That is true.  I forgot about the 2019 anomaly. 

2006 also. 

[DevoHusker]

 

[BigRedBuster]

I’m still trying to wrap my head around how we have such high inflation and the value of the dollar keeps going up. 

[BigRedBuster]

 

[teachercd]

Holy cow...6% interest rates?

 

What the f#&%.  They will be over 10 by 2024

[DevoHusker]

22 minutes ago, teachercd said:

Holy cow...6% interest rates?

 

What the f#&%.  They will be over 10 by 2024

Welcome back in time to 1981

[teachercd]

32 minutes ago, DevoHusker said:

Welcome back in time to 1981

Right?

 

s#!t, good luck buying a house in the next couple years.