But then you assumed. You’ll have to understand why I’m not at liberty to just give you whatever you ask for when it comes to this site.
You also asked as:
Individual != unique
Actually you are and have in this very thread. But I’m done beating around the bush. Just going in circles at this point.
Yup. My thinking exactly. I call it the “trickle-up effect”.
As gas prices started to rise, and taking into factors like inflation and the Russia/Ukraine war, I filled up my car and a gas can yesterday. I can already see the writing on the wall.
All that spending people did last year is about to bite them in the ass.
Be prepared for another recession…
4 Likes
The one difference here is that people have jobs, and, if you want a job, you can easily go get one. If that dynamic were to change, we would be in for a very big drop. However, if people are able to hold jobs, company’s can continue paying them, and people keep spending, we just might be ok.
I’m not saying people are going to be blowing money left and right like they have been, but they are going to have money to buy the bare necessities to keep the economy moving and get them by until things get better.
I see the opposite happening. As costs continue to rise, and consumer spending drops, companies will start to layoff people.
1 Like
I can only speak from what I see in the Maritime Industry, but every single company is hiring, and paying higher wages than before. Our company has 2 positions open, and we are busier than ever. We have received new shipping services here in Houston that are now calling and providing even more jobs to our area. Lets not forget that Russia’s economy is about the size of New York…the big boys are still trading.
They will get the fuel under control, inflation will settle…we are still a ways off from the 14% inflation from the 80’s. Gotta think positively!
1 Like
My company just had a RIF right at the start of the Ukraine War. It’s like they’re already preparing for the worse to keep those profit margins up.
2 Likes
Hedging… or flipping?
2 Likes
During the pandemic, we had 3 months of zero revenue…I found the PPP loan deal and applied, it kept my staff employed…I even paid my casual workers half their normal weekly hours for 12 weeks to get them by. We then got the second PPP loan as well, which allowed us to break even for the year. I did not lay anyone off and we went back to work around July.
It was rough and everyone was scared for their jobs, but I do not believe in profit margins only…you will need those people again at some point…don’t screw them over for some lousy margins. Here we are just shy of 2 years later and we have tripled our revenue, and our workers we kept are making more than they ever had… Everything is a cycle, what goes around comes around is not just a saying, its a way of life, both for good and bad.
4 Likes
I love your optimism. 
1 Like
Oh I agree but when you work for a very large security company that makes billions, they care more about numbers than people. Everyone can be replaced… best to make shareholders happy before employees. Sadly! 
4 Likes
Yup, they shave 1% off their expenses / costs and don’t realize they just put 10000 people out of work or cut their pay / didn’t give them raises and their pay is cut through natural attrition…then those people go work for somewhere else for more money.
That’s how I hope it happens because those companies don’t deserve to keep good people.
1 Like
Every time I get laid off, I find a better job with better pay…
2 Likes
XD I’ve traded not ever getting laid off for not ever finding a job for better pay.
Edit: that sounds bad. it’s not bad!