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Another Economic Indicator Is Signaling RECESSION

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45 COMMENTS

  1. Amazon is now delivering all my packages up here in the mountains. UPS used to have that contract, but im guessing they raised their rates after all the pay raises their employees got, so amazon expanded their own delivery systems

  2. UPS raised the wages of their drivers to over $100k. This was bound to happen. This is the same thing that Yellow did. Give the unions what they want and then lay off as many people as you can to bring the employment costs back to the same level.

    • BS. UPS overhired during the pandemic to deliver the onslaught of packages. They are now having to deal with it like all other businesses are. It is what is.

    • The average union worker (especially public unions), is a lazy, greedy, self centered pig. I’ve worked in union shops, the Pareto Principle is glaringly true; 20% carrying the 80% to meet 100% production. Of that 20%, about .01% (like me) leave to start their own companies, and I hired exclusively from that 20% pool of producers.

    • Yes absolutely normal, FedEx is next. In a company, every employee (including the CEO) needs to be paid the correct salary. Too much of a salary will create damages and cracks that can bring down the entire company. Basic corporate economics really, concepts that are now alien to the corrupt economics that the USA has now

    • The productive people are distracted by everyone else. Measurable productivity objectives are what should be tracked, not hours sitting in a cubicle or office. Let the truly productive people get the job done and get out of their way.

  3. George-I disagree. I work from home and am able to be completely focused on the tasks at hand, instead of listening to people make calls in their cube next to me, or the office gossip talking about the latest scoop, people criss crossing behind my desk, or phones ringing. Maybe my circumstances are different than most, I don’t have children and live in a high rise, so no odd noises in the background. I have no distractions and it allows me to be completely into what I am doing.

    • They are not return to office because it’s productive, it’s return to office so those who were hired remote or moved away from the big city will be forced to quit or be fired for cause thus No unemployment benefits are paid

      I’ve heard over the past 12 months the typical turnover is way down. No business wants to be in the news over layoffs

    • Same. I work hybrid remote and my performance is a lot better when I’m working from home. I get way less output done when coworkers keep trying to banter with me about sports and drama all day in the office.

  4. I have personally seen many vacant buildings in Silicon Valley/Bay Area. It’s shocking. My neighbor works for a contractor that does tenant improvement work and he said there’s barely any work right now.

  5. So to give some more credibility I’ve been with the company 30 years and I went through the recession of 2007 and 2008 and I’ve never seen such a drastic layoff cycle that leads me to believe it’s going to be more of a Depression era environment versus a recession

  6. It really astounds me when people say that their job will never call them back to the office. People really think that the real estate they invested into will be lost without a fight.

    • Same here. I am the perfect employee demographic for remote work. As long as my internet connection works, i’m more productive in my home office than i ever was on site with my distracting co-workers.

  7. the reason for asking people to go back to the office has nothing to do with productivity but with the fact that companies know that people will resign to keep this flexibility. Studies have shown that people are more productive on average

    • You’re spot on. But, George loves to continually, and proudly, display his ignorance and lack of leadership skill. Remote work productivity is a leadership problem, not a worker problem.

  8. In my neck of the woods the main reason for seeing the UPS truck was because of the Amazon items my wife ordered. Now Amazon has their own vans and I see very little of UPS anymore.

  9. Good thing UPS just agreed to huge raises in the recent union contract, I hope those that were laid off still appreciate that contract they voted for!

  10. I have never worked in an environment where I was more productive around office people. I was always more productive working at home or working away from my desk in hidden rooms. Most places I’ve been have been toxic. I now work in a role where I’m largely independent and work for myself. I have rarely met anyone in my life who has told me they had a great working environment.

    • Agreed. I work from home now as of September 2023, and i’ve never been more productive at home than i ever was in the office. Too many chatty co-workers, too many in-office distractions and long-winded meetings. Plus i spend far less $ on fuel and maintenance for my commuting vehicle, office wardrobe, etc. Win-win for me!

  11. Software Engineering is unique. I am more productive at home. First of all, almost all offices are poorly managed. Second, coworkers are distracting/annoying. Third, the flow of the work doesn’t require constant engagement like a factory line. It’s creative and often requires stepping away to solve a problem. Would da Vinci get more paintings and higher quality paintings in an office w/ 9 other painters involved?

    I doubt it.

  12. Corporate office is way more distracting than home office, plus time wasted commuting, illnesses in the office, unhealthy meals and snacks, etc. You’re out of touch on that one, George.

  13. No wonder the drop in oil prices. What gets me is if we call a service company to work on our AC or any other home repairs, out comes some guy in his late 70’s

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