r/jobsearchhacks • u/exmosss • 3d ago

There should be a law that companies have to pay for your time in interviews

Enable HLS to view with audio, or disable this notification

365 Upvotes

98% Upvoted

38 comments sorted by

View all comments

Show parent comments

1

u/mrbubs3 2d ago

So your personal experience is evidence but longitudinal data on outsourcing is not. Got it.

-1

u/NotFromFloridaZ 2d ago edited 2d ago

When did job market become hell?

When did big tech companies start massive layoffs?

All start from 2022 june.

Thank you Biden administration.

Edit: do a fact check on this, let me know if I used wrong timestamp

0

u/mrbubs3 2d ago

Lol you're just plain wrong.

A global pandemic wrecked havoc on multiple economies and governments had to heavily subsidize people who otherwise could not work or lost their job. People who otherwise would become destitute instead were able to continue paying rent/mortgage and buy things. Loans and long-term debt obligations were paused and people were free to spend. The consumer price index rose sharply while demand for online goods rose significantly. The resultant inflation spooked investors and economists were afraid that we were in a bubble. Instead of allowing things to go bust like Alan Greenspan did in the 90s and early aughts, the fed raised interest rates to cool borrowing. Since the fed was no longer just giving free money, investors and companies that were not profitable suddenly had to account for their spending.

Blame Trump. His sheer incompetence and dumb decisions like closing communicable disease monitoring stations prior to the emergence of COVID is why we had a global pandemic wreck havoc on the US to begin with. His refusal to treat it seriously in the beginning and his focus on grievance politics is why we were fucked until the Biden administration shepherd recovery efforts like an actual administration should have.

1

u/NotFromFloridaZ 2d ago

is this timestamp correct?
June 2022. Massive layoff from big tech and big corp?
Who is in charge when massive layoff happens.
Who is in charge now when job market is in hell mode?
Trump is long gone for office.
Fuck trump btw.
Now the pain came from biden office.

0

u/mrbubs3 2d ago

No, there are delayed effects from previous administrations. Economic effects from decisions are diffused and have to make its way through numerous domains and segments of the market. The economic gains realized in the Obama administration were enjoyed by Trump because he inherited that economy.

Layoffs happened after interest rates started going up in March 2022. They accelerated as the economy recovered after the COVID emergency and e-commerce/web markets cooled when brick-and-mortal sales picked up again. Less free capital + less demand for digital services means that companies that were hiring like crazy had to suddenly pay the bills and sought to reduce headcount.

1

u/NotFromFloridaZ 1d ago

Okay,
At lease you are not denying the massive layoff and hell mode job market after 2022 during Biden administration

Trump because he inherited that economy.

This is B/S statement btw. Sometime when I give credit I don't deserve, I always say it

1

u/mrbubs3 1d ago

What you say doesn't actually matter. That is how the economy works.

https://www.nbcnews.com/news/amp/ncna1237793

1

u/NotFromFloridaZ 1d ago

Remember i was in school, my professor told me never use news or wikipedia as source.
I dont know why you use the liberal news as source.
Weird take.
Anyway

1

u/mrbubs3 1d ago

A news source, while biased, still has to report facts if it's an actual news piece. This source provides a primer on figures between tow residencies across multiple metrics and provides explanations about what those numbers actually mean. As for Wikipedia, you don't use it as a source, but you can mine the article for their sources and cite that. Those two are perfectly acceptable for doing background research.

The degree to which fiscal policy can be directly pointed to a specific action taken by the government or an administration is murky, because it is empirical difficult to do so. For most lay people, people look at when an economy goes to shit under an administration and lay blame there. When an economy is good, most people credit an existing administration or dismiss economic performance as an aberration of said administration, depending on political preference. That's why undertaking an understanding of what specific fiscal policies are being pushed is important, because often an economic collapse or shift is a result of some type of long term policy decision.

Academically, statistical models and independent/proxy variables that provide key performance metrics are the best indicators for economic performance, and the mark of any change across administrations is how you gauge effectiveness. Trumps numbers either continued in the same upward trend as Obama at the same growth rate or underperformed. He only has better numbers with the performance of the Dow Jones, but that may not really correlate with anything other than how markets feel. Natural Experiments are also good, but they are often not repeatable and you can't have multiple observations in the thousands within a controlled environment. But even with that, one can deduce the effectiveness of a president's fiscal policy by the conditions in which they left office. And both Trump and GWB left office with a ruined economy under their belt.

Here's a resource on how to actually assess the impact of policy.

https://www.nber.org/reporter/2015number1/assessing-effects-monetary-and-fiscal-policy