patrick.net

New Renter says

Rin says

If a company is in survival mode, its goal is to increase profitability, not to create jobs.

That's always true, not just in survival mode. Companies love to run chronically understaffed for as long as they can get away with it.

The only exception are the empire builders. Those managers for whom headcount is power. Generally those people are shed as the empire crumbles.

Well, the real point is that headcount, is a continuous operating cost. And in the end, corporations want to reduce costs.

Thus, the whole notion of hiring, given the proliferation of information technologies, is becoming the contradiction of the times ahead.

indigenous says

And that is at the very core. Government is completely fucking irrelevant to creating jobs. We need to get completely rid of these, now you are supposed to ass wipes, and allow business to do what it does. Jobs will follow.

Govt will keep ppl off the streets.

Corporations, as information tech uses more expert systems, will generate profits, using less headcount.

And thus, jobs will not follow, at least not starting 2025-2035. Today, we're in a bit of a transition phase before that new era of diminishing work.

Rin says

Corporations, as information tech uses more expert systems, will generate profits, using less headcount.

At one time farming employed 95% of the work force now it is less than 5%. Same with manufacturing. If what you say is true we would have 100% unemployment.

The real problem is the bailouts prevented the market from clearing out and starts up from growing.

A contributor factor is that China devalued the Yuan for the past 20 years.

Another factor is demographics.

Rin says

Govt will keep ppl off the streets

One way or another the labor problems will be solved.