PBD Podcast Upcoming Labor Crash! | Ep. 256 | Part 1
Apr 8, 2023
In this engaging discussion, Dave Rubin, a political commentator and host of The Rubin Report, dives into the looming labor crash and the shifting landscape of work. He argues that Gen-Z is increasingly weary of traditional jobs and critiques the idea of a four-day work week. Rubin highlights growing income disparities and the importance of skill development for future success. Personal anecdotes emphasize how dedication and commitment can lead to financial independence, challenging the complacency prevalent in today’s workforce.
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Weakening Job Market
- The job market is showing signs of weakening, with private payrolls rising less than expected.
- Job cuts are increasing, and workers are less confident in their ability to find new jobs.
Check Engine Light On
- Three key indicators suggest a softening job market: decreasing job openings, lower-than-expected hiring, and a decline in quit rates.
- This combination indicates a nervous job market, likened to a 'check engine light' for the US economy.
Navigating a Soft Job Market
- If you have a good job, avoid job hopping for marginal salary increases.
- Business owners should consider upgrading key positions or showing appreciation to valuable employees.