Todays Jobs Reports on the news
Jay HinrichsBusiness Member
Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votesIf you saw the news this morning JOBs report is not as good as anticipated.
I dont know about other parts of the country but when I went to a Panda Express to buy MIss Lori some lunch big poster for hiring
15.50 an hour for basic server 16.50 hour for cook..
Probably not going to change much until feds wean people off of stim money.
If you saw the news this morning JOBs report is not as good as anticipated.
I dont know about other parts of the country but when I went to a Panda Express to buy MIss Lori some lunch big poster for hiring
15.50 an hour for basic server 16.50 hour for cook..
Probably not going to change much until feds wean people off of stim money.
My understanding is that a lot of blue collar people moved away from high cost cities during the pandemic since their jobs all disappeared. It will take some time for them to come back (if they ever do). Low service level wages and high rents are a better explanation than government largesse for this phenomenon.
And nobody sucks on the government teats harder than bankers and billionaires. Look at the bank bailouts and tax breaks given to companies like Amazon to set up warehouses. So all this whining about poor people getting a few bucks is getting really tiresome.
Local industries in Ohio are having trouble finding people to find and staying on good paying jobs that pay above the mininum. So this is not a minimum vs. pay above the minum issue. I also offer side work for people that need it that is well above minum and living for people that can't do more skilled labor and many who say they need work don't show up. We have a job for a full time maintence person available with benefits that can work at our many rentals and do some simple fix up tasks, most importantly clean and be on call when asked at a nice wage, but its hard to find someone. Its funny how many I hear want to work and how many I offer them a job that pays over their last and they don't even last long enough to see what the job is really about.
The issue is not whether they pay over the minimum wage (which in Ohio, like Mississippi is just $7.25 an hour) but whether they pay a living wage which is at least $15 an hour.
$15/hour is not living wage (which does not even have a universally accepted definition). It is a number pulled out of the *** of clueless uneducated fast food workers in NYC that were looking for a raise. It was not picked with any statistical backing.
Millions of people survive just fine making less than $15/hour.
Serious question: If we suddenly gave the people making less, $15/hr, how would that change their lives? Would they be able to afford their own place to live? A car? Seriously, what do you think?
I/we can’t control jobs, all we can do is control how we react to this situation.
As for me and I’m sure many others here, buying more RE on debt to pay down with cheaper dollars!
Susan, I am saying I am paying much above the minimum.
The Tourist Economy collapsed for about 6 weeks immediately after the lockdowns started. After that, South Lake Tahoe had a record year. People were traveling to Tahoe all summer and all winter despite lockdowns and stay at home orders. Add to that the record number of people moving into town long term either as homebuyers or renters and we barely even had a shoulder season last fall.
I record year in real estate sales, yes, but not a record year in tourism. Yes, people still came but usually on a weekend during the summer season it would take me two or three lights to get through an intersection on Highway 50. That didn't happen to me once this year. As you know, a lot of restaurants went under, including places like KFC that specialize in take-out. But if you can work remotely, what better place to do it than Tahoe? That's what I did and my job is in Mississippi!
The Tourist Economy collapsed for about 6 weeks immediately after the lockdowns started. After that, South Lake Tahoe had a record year. People were traveling to Tahoe all summer and all winter despite lockdowns and stay at home orders. Add to that the record number of people moving into town long term either as homebuyers or renters and we barely even had a shoulder season last fall.
I record year in real estate sales, yes, but not a record year in tourism. Yes, people still came but usually on a weekend during the summer season it would take me two or three lights to get through an intersection on Highway 50. That didn't happen to me once this year. As you know, a lot of restaurants went under, including places like KFC that specialize in take-out. But if you can work remotely, what better place to do it than Tahoe? That's what I did and my job is in Mississippi!
Yes, KFC closed. Many other restaurants closed for short periods and then reopened and still did more business than in 2019. Boat rentals had record years. Road construction didn’t happen like it has for the past few years and that is the main reason you didn’t wait in so many traffic light. There was no major Hwy 50 project last year like we’ve had for the few years prior. Tahoe stayed summer level busy until November and took a very short break before it all started again in December.
Millions of people survive just fine making less than $15/hour.
Serious question: If we suddenly gave the people making less, $15/hr, how would that change their lives? Would they be able to afford their own place to live? A car? Seriously, what do you think?
No, it isn't. I've run the numbers. It takes at least that much to live even in Mississippi. Yes, millions make less than that. You do realize that most of the people receiving food stamps work? They also get Section 8 housing vouchers in many cases. In other states they would likely get Medicaid as well. Here they just do without health insurance because their income isn't high enough to even qualify for Obamacare and the state refused to expand medicaid. My point is that all of these government safety nets would not be necessary if they were paid a living wage. The government is subsidizing those businesses!
Yes, KFC closed. Many other restaurants closed for short periods and then reopened and still did more business than in 2019. Boat rentals had record years. Road construction didn’t happen like it has for the past few years and that is the main reason you didn’t wait in so many traffic light. There was no major Hwy 50 project last year like we’ve had for the few years prior. Tahoe stayed summer level busy until November and took a very short break before it all started again in December.
So as a real estate professional here in Tahoe, Dustin do you think the real estate prices and rents are sustainable?
Yes, KFC closed. Many other restaurants closed for short periods and then reopened and still did more business than in 2019. Boat rentals had record years. Road construction didn’t happen like it has for the past few years and that is the main reason you didn’t wait in so many traffic light. There was no major Hwy 50 project last year like we’ve had for the few years prior. Tahoe stayed summer level busy until November and took a very short break before it all started again in December.
So as a real estate professional here in Tahoe, Dustin do you think the real estate prices and rents are sustainable?
For sales, I think that this market will continue as long as we have the same high demand and such tight inventory. I am personally hoping that we get a significant increase in inventory this summer and prices plateau.
I don’t believe Tahoe will go back to what it was unless there is total economic collapse in this country. People need to be prepared for a new normal like what happened in Denver, Silicon Valley and other boom markets of the last decade. Tahoe has significant hurdles to development and limited development potential. That is always going to keep supply lagging behind demand, in my opinion.
As far as rentals, there are multiple “Workforce Housing” projects in planning phases but the time it takes to get these things completed makes it hard to fulfill the constant demand for long term rentals. Add to that the fact that people are renting former vacation rentals for 30 day stays at short term rates and now Lon term rents are driven up even more in order to compete for that limited inventory.
That's all well and good, but in Australia it is more typical to get sub standard service from wait staff - due to the fact they receive a good wage and are traditionally not relying on tips.
I didn't find that to be the case when I was there but then I was only in Australia and New Zealand for a couple of weeks.
Yes they tend to fawn over yanks in anticipation of generous tips. So they end up with their solid wages and it's still not enough to provide good service except when they think there's something more in it for them.
Millions of people survive just fine making less than $15/hour.
Serious question: If we suddenly gave the people making less, $15/hr, how would that change their lives? Would they be able to afford their own place to live? A car? Seriously, what do you think?
No, it isn't. I've run the numbers. It takes at least that much to live even in Mississippi. Yes, millions make less than that. You do realize that most of the people receiving food stamps work? They also get Section 8 housing vouchers in many cases. In other states they would likely get Medicaid as well. Here they just do without health insurance because their income isn't high enough to even qualify for Obamacare and the state refused to expand medicaid. My point is that all of these government safety nets would not be necessary if they were paid a living wage. The government is subsidizing those businesses!
I bet if you added up the Sec. 8, Medicaid, and food stamps, it comes out to way over $15/hr. There is zero chance that anyone is going to start working and give up their "safety nets" just because a job now pays $15/hr. If they're making the same or more to do nothing, why would they get a job? I'm not against the gov't supplying "safety nets." I have a problem when those nets turn into hammocks. Almost everyone in the world falls into some sort of hard time...and yes, some people are dealt better hands from the beginning, but we need to start encouraging hard work to get what you want in life.
I work for the post office...new hires now start somewhere around around $40k a year plus benefits, over $19/hr. not including the benefits. Very, very few people apply and the ones who do get the job, usually quit in the first couple weeks. There's also a few positions that start at over $65k a year and can't find anyone for those jobs. Oh, the post office doesn't require a degree or any special skills other than a little hard work at times. There are already decent paying jobs out there that people can get IF they wanted to.
I work for the post office...new hires now start somewhere around around $40k a year plus benefits, over $19/hr. not including the benefits. Very, very few people apply and the ones who do get the job, usually quit in the first couple weeks. There's also a few positions that start at over $65k a year and can't find anyone for those jobs. Oh, the post office doesn't require a degree or any special skills other than a little hard work at times. There are already decent paying jobs out there that people can get IF they wanted to.
No, those programs don't usually come out to $15 an hour. Food stamps for a family of three is about $400 a month. In Mississippi you can only get Medicare if you are pregnant or have a young child so even the very poor don't have it. And they can't get Obamacare either if they are only making minimum wage. Assuming they had a housing voucher that might be worth $800 a month. So we have a total of $1200 a month which comes out to about $6 an hour. Now if you got a minimum wage job and you add these benefits to them you might come close to $15 an hour, but then you are still without health insurance. In that case a single mother would be irresponsible to take a job and lose Medicaid for her children.
As for your Post Office jobs, those aren't that easy to get as you imagine and you usually start out as a part time worker, often a rural driver working one day a week and on call the rest of the time. You may not need an education but you do need to take a test and there is a trick to passing it. I had to attend a paid workshop to learn that trick. It worked, I was offered the job but I was offered a graduate fellowship and didn't have to take it. But this is why I know so much about the process. I scored in the nineties which is pretty much what you need to be considered. Veterans get a five point advantage over others and most postal workers are veterans. It is not that easy a job to keep once you get it either. It is very high pressure and not everyone can do it. There is a reason that the phrase for a mass shooting used to be "going postal."
Now, there have been some problems finding enough workers during the pandemic but that is because entire offices sometimes caught the virus. That happened up here in Lake Tahoe. We didn't get mail for a week.
No, those programs don't usually come out to $15 an hour. Food stamps for a family of three is about $400 a month. In Mississippi you can only get Medicare if you are pregnant or have a young child so even the very poor don't have it. And they can't get Obamacare either if they are only making minimum wage. Assuming they had a housing voucher that might be worth $800 a month. So we have a total of $1200 a month which comes out to about $6 an hour. Now if you got a minimum wage job and you add these benefits to them you might come close to $15 an hour, but then you are still without health insurance. In that case a single mother would be irresponsible to take a job and lose Medicaid for her children.
As for your Post Office jobs, those aren't that easy to get as you imagine and you usually start out as a part time worker, often a rural driver working one day a week and on call the rest of the time. You may not need an education but you do need to take a test and there is a trick to passing it. I had to attend a paid workshop to learn that trick. It worked, I was offered the job but I was offered a graduate fellowship and didn't have to take it. But this is why I know so much about the process. I scored in the nineties which is pretty much what you need to be considered. Veterans get a five point advantage over others and most postal workers are veterans. It is not that easy a job to keep once you get it either. It is very high pressure and not everyone can do it. There is a reason that the phrase for a mass shooting used to be "going postal."
Now, there have been some problems finding enough workers during the pandemic but that is because entire offices sometimes caught the virus. That happened up here in Lake Tahoe. We didn't get mail for a week.
All I hear are excuses, especially that middle paragraph. People are providing real-life examples and you deflect and minimize them. I can 100% back those examples up with my own. My girlfriends runs a cafe and never paid anyone less than $15/hr for help (excluding tips), yet can't hire anyone right now. it was bad before, but nearly impossible right now. One person told her it wasn't worth working any more, as they were on Sec.8 and myriad other benefits (state and fed), that this much pay would severely reduce those, so that person quit (but not before trying to get fired by not showing up/showing up late all the time). I always enjoy reading people in academia takes on things they've never had to deal with (in the real world) before. It's truly eye-opening.
I work for the post office...new hires now start somewhere around around $40k a year plus benefits, over $19/hr. not including the benefits. Very, very few people apply and the ones who do get the job, usually quit in the first couple weeks. There's also a few positions that start at over $65k a year and can't find anyone for those jobs. Oh, the post office doesn't require a degree or any special skills other than a little hard work at times. There are already decent paying jobs out there that people can get IF they wanted to.
No, those programs don't usually come out to $15 an hour. Food stamps for a family of three is about $400 a month. In Mississippi you can only get Medicare if you are pregnant or have a young child so even the very poor don't have it. And they can't get Obamacare either if they are only making minimum wage. Assuming they had a housing voucher that might be worth $800 a month. So we have a total of $1200 a month which comes out to about $6 an hour. Now if you got a minimum wage job and you add these benefits to them you might come close to $15 an hour, but then you are still without health insurance. In that case a single mother would be irresponsible to take a job and lose Medicaid for her children.
As for your Post Office jobs, those aren't that easy to get as you imagine and you usually start out as a part time worker, often a rural driver working one day a week and on call the rest of the time. You may not need an education but you do need to take a test and there is a trick to passing it. I had to attend a paid workshop to learn that trick. It worked, I was offered the job but I was offered a graduate fellowship and didn't have to take it. But this is why I know so much about the process. I scored in the nineties which is pretty much what you need to be considered. Veterans get a five point advantage over others and most postal workers are veterans. It is not that easy a job to keep once you get it either. It is very high pressure and not everyone can do it. There is a reason that the phrase for a mass shooting used to be "going postal."
Now, there have been some problems finding enough workers during the pandemic but that is because entire offices sometimes caught the virus. That happened up here in Lake Tahoe. We didn't get mail for a week.
Susan, I agree with a lot of your earlier posts. But I just wanted to quickly interject by saying housing vouchers in Los Angeles are much higher than that ($1,300 to $2,500). But, regardless of whether or not it comes to $15 hour, it's not going to make a bit of difference. This might be tangential to the discussion up to now, but once you're on Section 8 you pretty much never come off it. It doesn't matter if you raise the minimum wage to 20 or 25 dollars...these folks are never going to work as they have virtually free housing plus welfare benefits of just under $1,000 per month for each adult.
Susan, I agree with a lot of your earlier posts. But I just wanted to quickly interject by saying housing vouchers in Los Angeles are much higher than that ($1,300 to $2,500). But, regardless of whether or not it comes to $15 hour, it's not going to make a bit of difference. This might be tangential to the discussion up to now, but once you're on Section 8 you pretty much never come off it. It doesn't matter if you raise the minimum wage to 20 or 25 dollars...these folks are never going to work as they have virtually free husing plus welfare benefits of just under $1,000 per month for each adult.
But isn't that because even $20 an hour isn't a living wage in LA? In Mississippi welfare benefits are $200 a month for one person, an additional $36 for the second person and $24 for each additional person. It's because I'm originally from California that I find this kind of thing so shocking.
@Corbin Lane
Great point about inflation helping real estate. Honestly I don’t have a problem with inflation and think it’s necessary in economic cycles. I also don’t think raising the minimum wage will raise the standard of living as inflation will eat away at that.
I work for the post office...new hires now start somewhere around around $40k a year plus benefits, over $19/hr. not including the benefits. Very, very few people apply and the ones who do get the job, usually quit in the first couple weeks. There's also a few positions that start at over $65k a year and can't find anyone for those jobs. Oh, the post office doesn't require a degree or any special skills other than a little hard work at times. There are already decent paying jobs out there that people can get IF they wanted to.
No, those programs don't usually come out to $15 an hour. Food stamps for a family of three is about $400 a month. In Mississippi you can only get Medicare if you are pregnant or have a young child so even the very poor don't have it. And they can't get Obamacare either if they are only making minimum wage. Assuming they had a housing voucher that might be worth $800 a month. So we have a total of $1200 a month which comes out to about $6 an hour. Now if you got a minimum wage job and you add these benefits to them you might come close to $15 an hour, but then you are still without health insurance. In that case a single mother would be irresponsible to take a job and lose Medicaid for her children.
As for your Post Office jobs, those aren't that easy to get as you imagine and you usually start out as a part time worker, often a rural driver working one day a week and on call the rest of the time. You may not need an education but you do need to take a test and there is a trick to passing it. I had to attend a paid workshop to learn that trick. It worked, I was offered the job but I was offered a graduate fellowship and didn't have to take it. But this is why I know so much about the process. I scored in the nineties which is pretty much what you need to be considered. Veterans get a five point advantage over others and most postal workers are veterans. It is not that easy a job to keep once you get it either. It is very high pressure and not everyone can do it. There is a reason that the phrase for a mass shooting used to be "going postal."
Now, there have been some problems finding enough workers during the pandemic but that is because entire offices sometimes caught the virus. That happened up here in Lake Tahoe. We didn't get mail for a week.
What you said used to be true of postal jobs. Present day, they are extremely easy to get. There's no more exam and they don't even require drug testing. And since there's such a shortage of workers, the part time employee has the opportunity to learn other routes and cover that carrier's day off, sometimes working 6 days a week if they want. Yes, we are under time restraints and sometimes it is hard and possibly stressful.
On top of that, the local Stewart's (chain gas station) is also hiring at $18/hr plus benefits...no special test, no "one day a week," etc. There are plenty of jobs out there paying a "living wage" but people just don't want to work..plain and simple. I've worked 2-3 jobs at a time before to either make ends meet or in order to save more money. I still work any overtime I can get, even though I don't really have to. I have no special skills and only an associates degree from community college...and a ton of work ethic. Again, I'm all for giving someone a hand up, but I'm not big into giving hand outs.
