Balloon Juice | The Labor Freakout:
We are at a point where several generations of businesses and business owners have never actually experience a tight labor market, and they literally have no idea what to do. Since the Reagan era, they have been in the driver’s seat, neutering labor unions, having MBA’s nickle and dime employees to death with suppressed wages, cutting away at medical and retirement benefits, shifting them to 401k’s while not providing commensurate pay increases, and so forth. They’ve spent four decades masturbating about being job creators while siphoning all the profit upward, treating employees like indentured servants eager to work 35 hours a week for 8 bucks an hour with no stable schedule, so with employees not willing to literally die during a pandemic to smell like french fries and walmart working the two jobs they need to survive, these shitlords finally find themselves without enough workers. The one thing they can not find themselves willing to try to do is to try to pay them more. You’ll hear anecdotal stories about McDonald’s owners paying a whole 12 dollars an hour for an “entry level job,” sneering while saying it because everyone knows an entry level position shouldn’t pay enough for the serf to pay rent AND eat. So fuck them.