The Stock Market Is Not The Economy Thread II

[Tomiko]

Washington has so much more rain and clouds and not deadly sun lasers.

Except for this shit week.

[6souls]

https://www.vice.com/en/article/qjkb...iches-per-hour

[synistar]

https://www.vox.com/recode/23170900/...iring-shortage

tl;dr - Amazon to churn through entire labor pools in select regions by 2024, some regions as soon as the end of the year, due to attrition because fuck working for Amazon fulfillment.

Amazon is facing a looming crisis: It could run out of people to hire in its US warehouses by 2024, according to leaked Amazon internal research from mid-2021 that Recode reviewed. If that happens, the online retailer’s service quality and growth plans could be at risk, and its e-commerce dominance along with it.

Raising wages and increasing warehouse automation are two of the six “levers” Amazon could pull to delay this labor crisis by a few years, but only a series of sweeping changes to how the company does business and manages its employees will significantly alter the timeline, Amazon staff predicted.

“If we continue business as usual, Amazon will deplete the available labor supply in the US network by 2024,” the research, which hasn’t previously been reported, says.

The report warned that Amazon’s labor crisis was especially imminent in a few locales, with internal models showing that the company was expected to exhaust its entire available labor pool in the Phoenix, Arizona, metro area by the end of 2021, and in the Inland Empire region of California, roughly 60 miles east of Los Angeles, by the end of 2022. Amazon’s internal report calculated the available pool of workers based on characteristics like income levels and a household’s proximity to current or planned Amazon facilities; the pool does not include the entire US adult population.

[Spicyryan]

That is because capitalism is the snake that eats its own tail. I am sure Amazon will find a way. After all they seem pretty interested in getting their employees dependent on them for housing now.

[Forte]

Except for this shit week.

It's so hot I'm fleeing to Canada on Friday.

[6souls]

https://twitter.com/katelinthicum/st...06358053126149

[6souls]

https://www.bbc.com/news/business-62342854

Hershey chocolates have announced that they will not be able to produce enough candies to meet the Halloween demand.

It is the latest firm to be hit as the pandemic and the Ukraine war challenge production.

Earlier in the day, Swiss food giant Nestle put up its prices again because of "unprecedented" costs.

During a call after Hershey released its latest earnings, Ms Buck said the company had found it more difficult to secure ingredients as a result of the war.

She added that disruption to Russian energy supplies to Europe - Moscow has cut gas supplies to Germany and the EU is aiming to restrict its energy imports - was affecting Germany, where Hershey sources equipment and supplies.

Because Hershey's everyday and holiday products use the same manufacturing lines, Ms Buck said the firm made the "tough decision" focus on everyday treats.

"We had the opportunity to deliver more Halloween, but we weren't able to supply that. And we were really producing," she said.

[Jaybar]

https://twitter.com/katelinthicum/st...06358053126149

Tbf Mexico City is beautiful and worth a visit.

[6souls]

https://twitter.com/AP/status/155301...Wz9JODUg2QSBSw

[Koyangi]

Who saw this coming?

[TsingTao]

Fucking Biden, making oil companies rake in massive profits. What an asshole.

[Salodin]

Why lower the price when you can just raise em more and blame Biden?

Sent from my SM-G996U using Tapatalk

[Spicyryan]

Fucking Biden, making oil companies rake in massive profits. What an asshole.

Fuck Biden for not nationalizing them for the good of hundreds of millions of Americans.

[archibaldcrane]

Fuck Biden for not nationalizing them for the good of hundreds of millions of Americans.

That's not within the powers of the president

[Yabby]

That's not within the powers of the president

What spicy thinks biden looks like.

[Yabby]

Edit: Double

[Meresgi]

https://twitter.com/katelinthicum/st...06358053126149

Living in SD now, so many people live in Tijuana and just commute, but rent now in Tijuana has gone up to about SD levels or close enough where the commute isn't worth the savings.

[6souls]

Living in SD now

Being from the Midwest, I read that as South Dakota.

[Jaybar]

Being from the Midwest, I read that as South Dakota.

Glad I wasn't the only one.

[Melena]

What spicy thinks biden looks like.

People seem to think the president can just wave a magic wand and whatever they want done, is magically done, ignoring the fact all it takes is a few assholes to stall everything.

Hell, just look at the burn pit bill to get benefits to vets impacted by it being hung up by a few republicans, or while it passed, the 20 republicans who voted no against a bill to target sex trafficking.