this post was submitted on 27 Oct 2024
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[–] [email protected] 16 points 2 weeks ago (1 children)

The underlying issue is really just that these companies are banking on desperate workers always being available, and that productive workers will continue to expand the company's capabilities. And that is not the case, in the long run.

Within the next 1-2 years we will see the pendulum swing back as more Boomers exit the workforce, and more young workers find their apathetic reactions to Corporate behavior normalized.

In other words, Management makes these decisions because they, themselves, usually have plans to move on to the next parasitic host within 1-2 years, leaving behind the mess of their decisions.

[–] [email protected] 10 points 2 weeks ago* (last edited 2 weeks ago)

Perhaps. Good to remember that the Boomers aren't the largest generation. Millennials are. And Gen Z is only slightly smaller. There's a workforce-entry delay usually related to training/education, but workforce participation is likely to go up. You're assuming that position growth will continue to pace workforce entry. But, as I noted, many companies are finding ways to decrease their workforce and maintain productivity levels. And they're doing it successfully, so I don't know if there will magically be less desperate workers in two years.

You're correct if you're talking about skilled trades and medicine. Those are and will continue to be high-demand jobs. But that's largely because young people typically choose not to learn a trade. Most college students think they're going to/want to work in: tech and data science, business and management, environmental, and media and creative. Just like everyone else. There's not going to be a sudden dearth of workers in those fields. If anything, it seems likely to become more competitive.

Were I you, I wouldn't be so confident that things are going to just happen to work out in precisely the way you'd like. But, I'm not, so carry on -- and good luck.