Hey JessEmployees
Let's talk about the elephant in the room, job losses! Jobs are being lost at an astounding rate due to lockdown measures, and people are falling below the poverty line not only in developing nations like my own but even in the developed countries we all look up to as the elites of the global society.
Unemployment and how to fix it will likely be the most significant issue over the next decade as we look to recover from the shutdown and build towards a prosperous future.
I understand the logic, people are out of work to get them back to work, but the problem is we've moved into a new way of thinking post lockdown. We've lost jobs from companies that couldn't operate or companies that were too heavily leveraged. The ones closest to the government were able to receive capital to continue on to preserve jobs when, in fact, all it does is keep zombie companies afloat.
Zombie companies not only destroy our economy but drive staff to do work that's seemingly useless and not productive. When you're not motivated by profit, your productivity is hardly competition worthy.
Governments decided whose jobs to keep and not the market
In a world of draconian lockdowns, governments have decided which businesses are allowed to stay open and which shouldn't. They also took it even further by providing some companies with loans and grants and others not; it was by no means a smart distribution, just the ones that were closest to the system or could lobby or had special interests could gain access.
Government not only obliterated a lot of jobs but killed off small business in favour of big business. On top of that, they rewarded poor capital allocators for poor performance and killed off companies through no fault of their own.
Job losses too big
These poor decisions in hindsight were the right thing to do at the time; we thought this pandemic thing was going to go nuts. But what we see now is governments wanting to stick to their decisions just for the sake of control.
We see now that for each week lockdowns continue more jobs are cut, and that means the gap between rich and poor widens. This is why we see social unrest; this is why we see more deficit spending.
Job losses are in the interest of the big government; the more people lose their ability to work, the more they have to rely on the government, giving the government even more power.
This isn't a health crisis; this is a power play for control.
The more jobs lost, the more people will rally behind the government to keep spending to bring back jobs until governments have fully absorbed the private sector and nationalised all the mean of production.
It's getting the people to call for communism using lockdowns as a trojan horse.
Jobs are not coming back
Sadly all the jobs that were lost are not coming back regardless of government spending. People will now change their spending habits, moving their capital to different goods and services. They will travel; differently, they will shop differently, they will invest differently, and this will change the consumer spending market and businesses that relied on it.
Businesses will also look at places to automate, cut costs, work from home and much more to reduce cost. This reduction in cost and travel means businesses that fed of other companies tend to die out, and these jobs won't come back.
Governments are going to try and stimulate the economy with the goal of reducing unemployment but will only kill their currencies in the process. Stimulus doesn't guarantee GDP growth and more stimulus doesn't ensure more growth, in fact, it's taking more debt to match GDP these days, and it's only going to get worse.
We will see more stealing, more cronyism, more corruption as the need for jobs is used to destroy the currency.
Job creation, not job formation
Job creation to me, is when the market requires a need for something and people heed the call, job formation to me is governments, ugly cousin. It's the equivalent of paying someone to dig a hole in the morning and fill it in the evening just to get paid.
Their production offers no value; it's only a simulation. We're going to see many people stuck in this simulated job market as they desperately need money to survive, money that's being debased.
Have your say
What do you good people of HIVE think?
So have at it my Jessies! If you don't have something to comment, comment "I am a Jessie."
Let's connect
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Honestly, this post is a long time coming. The jobs are not coming back! The only thing we can do right now is adjust and go with the flow. Hopefully, the current pandemic will bring about new innovations and new opportunities.
Agreed, I try to be positive and take it on the chin, but sometimes I do feel down, I am trying the best I can to use my skills and the little capital I have to carve out something for myself. It's going to be tough but we have to keep pushing and striving for better
This is a refreshing view of the "new deal".
I agree that the energy in the world is manipulated so instead of fair distribution we see modern slavery on a breathing machine.
I don't have the answer but I do feel that opening our heart is a key to enable any solution.
Thinking money leads the opposite way.
Thinking with love will eventually direct the money and energy in a fair smart and good way.
It's totally modern slavery just you get to choose the type of prison you want to be in, if you move the walls of the prison far enough or hide them, the prisoners often think they have freedom.
I don't know the answer either, I just feel we should have less of this big brother stuff and more of people just able to be self-sufficient and self sovereign
I agree.
I think that many people cooperating can do great things so we gradually lost our individualism in favour of massive organizations (like states) and no doubt there is lack of balance and the weakening individualism is taking a price out off huge communities as well
Totally and these divisions are so weird and I think they’ve aged badly! It was religion and state and race and gender which I don’t really care for
I’d much rather people collect around communities like we who all live right here right now how do we make things better for ourselves, not relying on someone to make decisions and taxes it just seems inefficient to me
We’ve lost connection with the earth, each other and ourselves selling out to consumerism and chasing paper wealth
Wow.. this is so informative. I wish the wow. Wow, aptly stated. Sadly a lot of families will suffer a lot from this .I wish Government would learn from this and channel thier resources into job creation because there will definitely be times like this though it might not be a pandemic next time.
Thanks a lot from this write up
Personally, I would want the government to get out of the way and allow the economy to normalise, in fact, the best thing they can do is reduce M2 money supply, reduce government spending and allow the free market to start absorbing the inefficiencies and creating create productive jobs with real wages while allowing prices of products to deflate over time but that's not going to happen, they'd rather see serfdom than freedom
Yea, you have a very valid point but this can only be achieve if and only if men like you decide to get into power so that regulations and laws that could positively drive this initiative would be establish.
Because the present crop of persons in government are just about how the can continually cage people and accumulate profit for themselves.
But all hope is not lost yet. We'll get there someday.
Thanks man. I learnt a lot from your post
I don't think I would last getting into government they would chuck me out the moment I start yelling cut salaries and spending but I can try from the entrepreneur side and build systems that can provide options.
I agree with you the present crop is old and archaic they, not innovative thinkers, they just want to keep the training going till they retire and leave the next generation with an even bigger mess
I hope so too, I think its actually an opportunity to say hey, lets relook at things, and start fresh. Not sure if it will happen but lets see shall we, all we can do is support movements we agree with and not sit by but use options like Bitcoin and try to make small changes in ourselves before we expect the world to change
A lot of people pretty much have to go through a load of changes. I am in a country where before everything started it was already really had to get jobs and with more people losing their jobs it has become crazy.
Yes, I can imagine, Africa is getting hit hard, here in South Africa it's pretty much devastated the country that's already had massive debts we can't service and high unemployment. I think 3 million jobs were lost during lockdown that they reported.
I'm sure its much more, people are queueing for $20 grants from the government that's how crazy it is. It's also only going to hit in about 12 months, I've checked the money velocity to inflation rates and it tracks at an 18-month delay so around next year this time, we should see the real effects,
Our government in Nigeria is doing absolutely nothing, it is so sad but it's the reality we have to deal with
Until we realise we don't need them as much as they need us to survive, it will continue on. I can only do enough to sure myself up and help anyone willing to listen, other than that I don't know what more I can do
I love your format. It is every engaging. This really was able to pop out at me.
It’s so true. I think that the art of decentralisation cryptocurrency will be the answer. That’s just in my best guess. And there is so many opportunities for everyone. I imagine a utopia; I know that’s not realistic. But oh! What it could be if we just stop paying giants with our focus and attention.
Thanks lol, i've been at it for 3 years blogging here and I blog on my own site for 4 years now and I've grown it to around 70 000 readers per month so I've learned what works and what doesn't and I'm still learning
I agree decentralisation is needed, it will allow us in the developing world to bridge the gap and earn western wages for the skills we have and rid the world of a lot of inefficiencies. How its going to play out is another story, I'm also pretty utopian in my ideals but I feel if we don't have these people who are seen as delusional, we might as well give up.
Somehow we have to carve out alternatives for people, the more choices we have the more freedoms we can enjoy
Oh I completely agree. There needs to be a system that supports and allows for the community to build up those in developing nations. It’s going to be such an equaliser and hopefully just what the world needs as we are in desperate need of an upgrade.
I do think cryptocurrency websites such as hive and LBRY — all the other video and interface type sites. And I just started using LYMPO; which is cool, tracks my steps. I can’t wait to see where this goes.
I have a feeling we are right and this works — I mean internet currency is really the most logical solution. Paper money is temporary.
Oh if it happens what an amazing world we would have unlocking the dormant potential of the world would be amazing I’m sure there’s all sorts of productivity that’s just untapped and waiting to be unleashed on the world, we just need a catalyst
The internet has done so much for the world the internet of money only makes sense as the next step
I haven’t used any of the other dapps I’ve checked some out like cent and publish0x but so far HIVE has been the most polished experience for me so far!
What your discord # I'll send you think dapp called Lympo. I think you'll love it. It's so practical. Mark Cuban just invested in it -- inside the United States. I wonder if it is available everywhere. It's genius. It hooks up to one's step count and pays a person for exercise. HOW COOL? I mean look, its pennies. Smaller than pennies. Hey -- money is money and who knows what this type of technology could do. We do not have enough jobs in our world. What if all of these dapps just exploded. Ah. It is a nice dream, huh? A world where everyone has the dream job of THEIR dreams. I don't like working towards others manifestations. And I am sure others feel the same.
Same username and #8066, I didn't know Mark invested in it, it's been out for ages, it launched in 2017 that's when I saw it its from Eastern Europe if I'm not mistaken, I think Lithuania or something like that. I've been using @actifit on HIVE which kinda does the same thing but hey I'm always up to try out a dapp