Rubbish. Oil/energy demand had absolutely plummeted. Oil prices even went negative at one point.The inflationary pressures were there long before the Ukraine Invasion started.
Mick
WTC oil hit a 20 year low of sub $20 in March 2020 which coincided with the big dumps of shares due to Covid fears.Rubbish. Oil/energy demand had absolutely plummeted. Oil prices even went negative at one point.
I posted a graph before showing how everything soared back at the start of the year/in january when the invasion fears first started. Unless your argument is that that is a coincidence...
Declining interest rates might be the norm, a case of going up the elevator and down the stairs, but rates at present levels clearly are not normal and are at an extreme low point.The debate RE: interest rates is the perfect example of this. Calls for interest rates to start increasing to what they were in the 80s make no sense and are a knee-jerk, disastrous solution to a problem (inflation) that is still evolving, particularly when viewed in the historical context (declining interest rates being the norm).
Interest rates are far more of a demand lever than a supply though.Declining interest rates might be the norm, a case of going up the elevator and down the stairs, but rates at present levels clearly are not normal and are at an extreme low point.
It's retention of truck drivers from my understanding. No one wants to drive for days on end and not see there family.tell me how this isn't a product of unusual times. Shortage of truck drivers in USA:
Drive-In Opportunity: Walmart Raises Driver Pay and Launches Private Fleet Development Program
Throughout Walmart’s history, we’ve been committed to turning ambition into opportunity. In the last several years, we’ve cast a wide net, inviting associates from across the business to learn more, see more and do more.Now, we’re taking that same approach to the very foundation of our supply...corporate.walmart.com
This is not new for trucking, the question is why now - did they get rich or "earn to code" as per Obama's epic advice.It's retention of truck drivers from my understanding. No one wants to drive for days on end and not see there family.
They were having trouble keeping people. Same with factory work.
Online shopping went ballistic during covid.This is not new for trucking, the question is why now - did they get rich or "earn to code" as per Obama's epic advice.
yes demand had plummeted , but so had supply BEFORE the virus , Venezuela , Nigeria , Libya , Syria , Iraq ( and sanctioned Iran ) the global economy had destroyed a lot of redundancy even before Trump was elected in 2016Rubbish. Oil/energy demand had absolutely plummeted. Oil prices even went negative at one point.
I posted a graph before showing how everything soared back at the start of the year/in january when the invasion fears first started. Unless your argument is that that is a coincidence...
yes , but several ex-truckies i know were retiring early from health issues , as wellOnline shopping went ballistic during covid.
Younger people don't want jack of these shtty jobs. You can just walk into another job right now. The older reliable truck drivers are all retiring.
"Shitty jobs" is a bit condescending and snobby mate, what does that say about the guys that do it.Online shopping went ballistic during covid.
Younger people don't want jack of these shtty jobs. You can just walk into another job right now. The older reliable truck drivers are all retiring.
as a person who has done some of those low-paying jobs ..sh*tty can be rather accurate , in some places there is no pride , no morale , no sense of accomplishment , now i have never driven a truck ( professionally ) but have worked on a few loading docks , and packed/unpacked a few containers , so have mixed with a few truckers .. and the key word for their skill is RESPONSIBILITY , when things go wrong they can go VERY wrong , and not only their own lives are at risk , but sometimes others as well ( not to mention the value of the rig and any cargo )"Shitty jobs" is a bit condescending and snobby mate, what does that say about the guys that do it.
Do you understand many people love trucks and the truck driving lifestyle. They are not all people desperate and out of options. In fact through the lock downs truckers worldwide were deemed essential workers - they weren't deemed shitty job guys.
I think he's more referring to how the companies treat their people. A grad job at a big 4 is considered shitty by anyone except idiots now too."Shitty jobs" is a bit condescending and snobby mate, what does that say about the guys that do it.
Do you understand many people love trucks and the truck driving lifestyle. They are not all people desperate and out of options. In fact through the lock downs truckers worldwide were deemed essential workers - they weren't deemed shitty job guys.
QFT.The lack of truck drivers etc is not unlike the situation in Europe after the plague that killed many farm workers. It basically destroyed the old lords and ladies of the land because the few workers left could for the first time demand whatever prices they wanted for their labour or the farms would not be farmed. The entire historical system collapsed in favour of the peasants who profited immensely.
The difference now is we haven't lost the workers to disease we lost them for refusing mask mandates and receiving hand outs to not work. Some will return to work, many will move on.
i hope so , but some companies are absolutely lacking in team spiritI think he's more referring to how the companies treat their people. A grad job at a big 4 is considered shitty by anyone except idiots now too.
There's no shortage of jobs that are just fcuking awful, I'd go and get an apprenticeship as (whatever) long before I did warehouse work for example.
It's a shitty job. All my mates that are truck drivers say the same. Always on the road, a heap of broken families, Long hours, unhealthy and the list goes on."Shitty jobs" is a bit condescending and snobby mate, what does that say about the guys that do it.
Do you understand many people love trucks and the truck driving lifestyle. They are not all people desperate and out of options. In fact through the lock downs truckers worldwide were deemed essential workers - they weren't deemed shitty job guys.
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