In the News

[HONDO74]

https://it.slashdot.org/story/21/05/10/ ... nt-of-work

The Washington Post reports on "growing evidence — both anecdotal and in surveys — that a lot of people want to do something different with their lives than they did before the pandemic."

In a piece titled "It's not a 'labor shortage.' It's a great reassessment of work," they argue that "The coronavirus outbreak has had a dramatic psychological effect on workers, and people are reassessing what they want to do and how they want to work, whether in an office, at home or some hybrid combination."
A Pew Research Center survey this year found that 66 percent of the unemployed had "seriously considered" changing their field of work, a far greater percentage than during the Great Recession. People who used to work in restaurants or travel are finding higher-paying jobs in warehouses or real estate, for example. Or they want a job that is more stable and less likely to be exposed to the coronavirus — or any other deadly virus down the road... Economists describe this phenomenon as reallocation friction, the idea that the types of jobs in the economy are changing and workers are taking awhile to figure out what new jobs they want — or what skills they need for different roles...

Even among those who have jobs, people are rethinking their options. Front-line workers are reporting high levels of burnout, causing some to seek a new career path. There's also been a wave of retirements as workers over 50 quit because they don't want to return to teaching, home health care or other front-line jobs. More affluent Americans say they are retiring early because their retirement portfolios have surged in the past year and the pandemic has taught them that life is short. They don't want to spend as much time at a desk, even if it is safe... [I]t's notable that the manufacturing sector has bounced back strongly, yet the industry has only added back about 60 percent of the jobs lost. This suggests many factories are ramping up automation in a way that allows them to do more with fewer workers.

The overall expectation is still for hiring to pick up this summer as the economy reopens fully and more people are vaccinated. But the past year has fundamentally changed the economy and what many Americans want in their working life. This big reassessment — for companies and workers — is going to take awhile to sort out and it could continue to pop up in surprising ways.

[Rufus T. Firefly]

https://it.slashdot.org/story/21/05/10/006227/are-we-now-experiencing-a-great-reassessment-of-work

The Washington Post reports on "growing evidence — both anecdotal and in surveys — that a lot of people want to do something different with their lives than they did before the pandemic."

In a piece titled "It's not a 'labor shortage.' It's a great reassessment of work," they argue that "The coronavirus outbreak has had a dramatic psychological effect on workers, and people are reassessing what they want to do and how they want to work, whether in an office, at home or some hybrid combination."
A Pew Research Center survey this year found that 66 percent of the unemployed had "seriously considered" changing their field of work, a far greater percentage than during the Great Recession. People who used to work in restaurants or travel are finding higher-paying jobs in warehouses or real estate, for example. Or they want a job that is more stable and less likely to be exposed to the coronavirus — or any other deadly virus down the road... Economists describe this phenomenon as reallocation friction, the idea that the types of jobs in the economy are changing and workers are taking awhile to figure out what new jobs they want — or what skills they need for different roles...

Even among those who have jobs, people are rethinking their options. Front-line workers are reporting high levels of burnout, causing some to seek a new career path. There's also been a wave of retirements as workers over 50 quit because they don't want to return to teaching, home health care or other front-line jobs. More affluent Americans say they are retiring early because their retirement portfolios have surged in the past year and the pandemic has taught them that life is short. They don't want to spend as much time at a desk, even if it is safe... [I]t's notable that the manufacturing sector has bounced back strongly, yet the industry has only added back about 60 percent of the jobs lost. This suggests many factories are ramping up automation in a way that allows them to do more with fewer workers.

The overall expectation is still for hiring to pick up this summer as the economy reopens fully and more people are vaccinated. But the past year has fundamentally changed the economy and what many Americans want in their working life. This big reassessment — for companies and workers — is going to take awhile to sort out and it could continue to pop up in surprising ways.

Yes......and that's going as stated, "awhile to sort out". Huge amounts of opportunity for larger businesses took place last year and that's going to continue for another year or 3.

Lots of those service and hospitality jobs are simply gone. They have to move on to something else if they have any qualifications - therein is part of the problem -- something like 80% of job applicants are not even getting a response while businesses are unable to hire the skills that they need. Reallocation and realignment......that was probably long overdue has been triggered or forced.

Housing market is a total mess......

[robert.]

"Housing market is a total mess......" Rufus...My landlord is trying real hard to get us out. She said "our rent is to far under market." She wants to sell the building. Yet she wants to remodel it. New kitchen and porch. Not surprising is that she does not want to pay what the work is worth. She keeps chasing her tail Sell or Raise rent. Houses in New Britain are up in value by an average of $65,000. Rents are climbing do to increased sale prices. Landlords that have $350,000 rental properties ( $1,500-1,800 a month) are selling them for $400,000 or more. Those houses are no longer on the rental market. Leading to a supply and demand problem for rental units. All this will lead to a bigger mess in 5-6 years

[Rufus T. Firefly]

"Housing market is a total mess......" Rufus...My landlord is trying real hard to get us out. She said "our rent is to far under market." She wants to sell the building. Yet she wants to remodel it. New kitchen and porch. Not surprising is that she does not want to pay what the work is worth. She keeps chasing her tail Sell or Raise rent. Houses in New Britain are up in value by an average of $65,000. Rents are climbing do to increased sale prices. Landlords that have $350,000 rental properties ( $1,500-1,800 a month) are selling them for $400,000 or more. Those houses are no longer on the rental market. Leading to a supply and demand problem for rental units. All this will lead to a bigger mess in 5-6 years

Rental is a trap situation.

[MurphOnMillerAve]

OMG . Bob Dylan turned 80 today !!!!!!!!!!!

[Rufus T. Firefly]

Ian Hunter is 81
Kieth Richards is 77
Roger Waters is 77
Paul McCartney is 78
Ozzie is 72
Iggy is 74
Ray Davies is 76
Ritchie Blackmore is 76
Robert Fripp is 75
Jimmy Page is 77
Jeff Beck is 76

They're getting on in their years, now aren't they?

[gregj410]

Ian Hunter is 81
Kieth Richards is 77
Roger Waters is 77
Paul McCartney is 78
Ozzie is 72
Iggy is 74
Ray Davies is 76
Ritchie Blackmore is 76
Robert Fripp is 75
Jimmy Page is 77
Jeff Beck is 76

They're getting on in their years, now aren't they?

Did Jimmy Page ever look this good in his youth?

https://youtube.com/shorts/6FpTxClM-uk?feature=share

[E7]

Did Jimmy Page ever look this good in his youth?

https://youtube.com/shorts/6FpTxClM-uk?feature=share

He never looked that good in his LIFE.

[HONDO74]

Jimmy Page:
https://www.youtube.com/watch?v=DDo4CA13LbY

[v8vega]

Nothing looks sillier than old men singing songs of youth angst.

[robert.]

Page has a beautiful house.

[sleepmac]

https://www.yahoo.com/news/final-straw- ... 23148.html

Dan Weinhold

[Rufus T. Firefly]

https://www.yahoo.com/news/final-straw-pandemic-pushes-restaurant-200323148.html

Dan Weinhold

Provides a little perspective...

[robert.]

One restaurant by me is now using robots to deliver food. a lady takes peoples orders. when the food is cooked. it gets placed on something similar to a rummba or automated lawnmower. give it a command " table 5" and it take the food right to table 5.

[Rufus T. Firefly]

One restaurant by me is now using robots to deliver food. a lady takes peoples orders. when the food is cooked. it gets placed on something similar to a rummba or automated lawnmower. give it a command " table 5" and it take the food right to table 5.

Very doable. I have been to a restaurant up your way several years ago (5?) where there are no wait staff other than to show you to a table and naswer questions - there's a tablet on the table and you look through the menu there and order using it directly.