The state of the economy at the street level

[farmerge]

good luck with that

but it could be worse , you could be wrangling with Oplus ( intentional misspelling )

have a good night

Spoke to a person at the Telstra office who actually spoke English as I understood it. Was informed the e-mails were not of their doing and the rest of the bally-hoo was just that. Hit the dump button. Problem was resolved very quickly and a satified customer walked out of the building.

 

[divs4ever]

Spoke to a person at the Telstra office who actually spoke English as I understood it. Was informed the e-mails were not of their doing and the rest of the bally-hoo was just that. Hit the dump button. Problem was resolved very quickly and a satified customer walked out of the building.

awesome .. just some spam stuff

i suppose that person can't fix the economy tomorrow ( aren't many good options left on the economy )

 

[Dona Ferentes]

A neighbour went to Bunnings for some paint. She's a bit of an aesthete, and knows her stuff. After the chat and all that, long and short of it all, the person she was dealing with offered her a job.

She didn't know whether to be flattered or put out. She's 80.

 

[farmerge]

A neighbour went to Bunnings for some paint. She's a bit of an aesthete, and knows her stuff. After the chat and all that, long and short of it all, the person she was dealing with offered her a job.

She didn't know whether to be flattered or put out. She's 80.

Goes to show age is no barrier and perhaps also because some people don't want the work. Govt support perhaps to good.

 

[moXJO]

It's a golden era for skills and tech know how

 

[moXJO]

Ticket sales for a few gigs are dying hard in certain towns. Know a few guys that are losing money and having to cancel shows

 

[UMike]

We make robotic equipment for the tooling industry.
Massive drop in sales atm.

A foreword looking scenario?????

 

[moXJO]

We make robotic equipment for the tooling industry.
Massive drop in sales atm.

A foreword looking scenario?????

Sales seem down across a few industries. Get ready for some discounts.

 

[divs4ever]

We make robotic equipment for the tooling industry.
Massive drop in sales atm.

A foreword looking scenario?????

compared to previous seasons ?? ( say the last 3 years at this time )

but could be prophetic , signalling indecision in future production lines ( or just indecision on future investment in total )

 

[Knobby22]

In China it is now policy to avoid oil in preparation on the Taiwan conquer.

They are building massive amounts of renewables and are ahead of target, estimated now to be 3,300GW by the end of the decade.

Translating this to electric cars, they are switching the fleets over. Best seller is BYD Song Plus $44,000.
Second best seller is the Wuling Mini, only $7,500!

This is a summary of an article by Ambrose Evans-Pritchard. The Age isn't allowing me to share it.

 

[Dona Ferentes]

A company called Milkrun, which I had only vaguely heard about and whose services I would never countenance using, went broke recently. Some 500 jobs appear to have gone.

It was good to see the Groks and other 'insiders' have done their dough.

Evidently, at a scrounge around for more capital, there were projections that put the company larger than Coles and Woolworths delivery services combined.

Another service I don't utilise is the Guardian but I will reproduce a clickbait screenshot; it is highly likely their sub-ed's are devoid of irony (or self analysis) so this shouldn't appear in the Subtle Humour thread.

What a wonderful world we live in.



....
Aside from the MilkRun collapse, [start ups] Melbourne-based Mr Yum has cut 80 jobs over the last 12 months, and Linktree 17 per cent of its global workforce.

Mr Yum co-founder Michelle Yeo and Linktree co-founder Alex Zaccaria have pointed to the sharp change in investor appetite for growth-at-all-costs start-ups, and the need to conserve cash.

SHARP CHANGE ! Ha. Panic stations. Untenable models.

 

[moXJO]

Thursday night shopping carparks were packed. Busiest I've seen them. But the shops were relatively quiet. Everyone was at the restaurants.

 

[wayneL]

Thursday night shopping carparks were packed. Busiest I've seen them. But the shops were relatively quiet. Everyone was at the restaurants.

Eat, drink and be merry, for tomorrow we die! (financially?)

 

[greggles]

A company called Milkrun, which I had only vaguely heard about and whose services I would never countenance using, went broke recently. Some 500 jobs appear to have gone.

It was good to see the Groks and other 'insiders' have done their dough.

Evidently, at a scrounge around for more capital, there were projections that put the company larger than Coles and Woolworths delivery services combined.

Another service I don't utilise is the Guardian but I will reproduce a clickbait screenshot; it is highly likely their sub-ed's are devoid of irony (or self analysis) so this shouldn't appear in the Subtle Humour thread.

What a wonderful world we live in.

View attachment 155692

....
Aside from the MilkRun collapse, [start ups] Melbourne-based Mr Yum has cut 80 jobs over the last 12 months, and Linktree 17 per cent of its global workforce.

Mr Yum co-founder Michelle Yeo and Linktree co-founder Alex Zaccaria have pointed to the sharp change in investor appetite for growth-at-all-costs start-ups, and the need to conserve cash.

SHARP CHANGE ! Ha. Panic stations. Untenable models.

A lot of businesses were started in the wake of COVID in the belief that that world had somehow changed forever. And in a sense it has changed forever, but perhaps not as fast or as permanently as those entrepreneurs might have expected.

Ultimately good businesses prosper and bad businesses fail. The home delivery niche had become just as crowded as the BNPL niche and it is inevitable that a substantial amount of rationalisation was bound to occur when it became clear that the market wasn't big enough to support all the companies trying to service it.

Home delivery is still a growth market but the growth is going to be organic rather than explosive. MilkRun tried to grow too fast too quickly and in the end that is what brought it down.

 

[moXJO]

I am seeing burnout, anxiety and breakdowns on a very large scale. Across all trades and professions. All ages.

A lot of hair triggers on people.

 

[JohnDe]

I am seeing burnout, anxiety and breakdowns on a very large scale. Across all trades and professions. All ages.

A lot of hair triggers on people.

Funny that you say that. Last night read an article about the founder of a successful idea for a business that is selling up because of burn-out. I have owned a business for over 10 years, and before that I managed it for many years, things have changed. Some for the better and some for the worse. Everything has sped up, people want things yesterday, choice is huge, inventory has grown to a ridiculous degree, regulations and tax requirements adds complexity that is stifling. Recently I have been taking longer breaks, but all that does is create anxiety. Lucky, I have a good support group, but with today's labour shortage not every small business has that help.

Why Tim Salmon has called time on Cherry Darlings
Cherry Darlings founder Tim Salmon explains why he sees a bright future for his vegan bakery but he can't be the one to lead it. If he doesn't find a buyer, the business may close for good.

Thousands of feet in the air, looking down at the ground below from the open door of an aeroplane, Cherry Darlings founder Tim Salmon realised the toll running a small business for a decade had taken on him.

Tim’s friends had pitched in together to buy a skydiving experience for his 40th birthday. He grinned as he suited up, when he boarded the plane, and as the aircraft took off. But as the air whipped around his ears and he readied himself for the jump, internally, he felt nothing.

“No dopamine, no serotonin, – nothing,” he says.

“I was cold, but there was no rush. There was no adrenalin.

“My nervous system is so shot, I’ve just run at such a level of adrenalin at all times, there’s nothing to dig from.”

This is not the first time Tim had considered the health effects of running Cherry Darlings, but it was the strongest indicator he’d experienced that he’d pushed his body too far.

“I was, like, ‘That is not ok. That is not normal. I should’ve felt something’,” he says.

Earlier this month, six months after the sky-high realisation, Tim announced via the Cherry Darlings Facebook page that he was putting the business up for sale.

 

[greggles]

I am seeing burnout, anxiety and breakdowns on a very large scale. Across all trades and professions. All ages.

A lot of hair triggers on people.

Something is wrong with Australia and the disease is getting worse. In 2023 we are a spiritually bankrupt nation, and I'm not talking about organised religion. I'm talking about purpose and meaning that exists outside of our jobs and materialistic lifestyles. Social media has destroyed self esteem in many, and now the only thing that matters is competing with others over who has the most impressive social media lifestyle. It's keeping up with the Jones's 21st Century style. But we're empty inside like we've never been before. Human connections have been lost. People work, consume, sleep and spend time on their devices.

I remember in the 90s people used to talk about economic rationalism disparagingly, as if it was coarse and vulgar to take humanity of out of the equation. Now it's everything rationalism. Our lives have been stripped of everything apart from climbing corporate ladders and buying stuff. All that's left over is sleeping and time on devices.

This is no path to happiness and fulfillment, and the result is burnout, anxiety and breakdowns.

 

[SirRumpole]

Something is wrong with Australia and the disease is getting worse. In 2023 we are a spiritually bankrupt nation, and I'm not talking about organised religion. I'm talking about purpose and meaning that exists outside of our jobs and materialistic lifestyles. Social media has destroyed self esteem in many, and now the only thing that matters is competing with others over who has the most impressive social media lifestyle. It's keeping up with the Jones's 21st Century style. But we're empty inside like we've never been before. Human connections have been lost. People work, consume, sleep and spend time on their devices.

I remember in the 90s people used to talk about economic rationalism disparagingly, as if it was coarse and vulgar to take humanity of out of the equation. Now it's everything rationalism. Our lives have been stripped of everything apart from climbing corporate ladders and buying stuff. All that's left over is sleeping and time on devices.

This is no path to happiness and fulfillment, and the result is burnout, anxiety and breakdowns.

Yes, but it could be worse. We could be entitled brats like the French, complaining about an increase in retirement age from 62 to 64.

 

[divs4ever]

Yes, but it could be worse. We could be entitled brats like the French, complaining about an increase in retirement age from 62 to 64.

you make that sound like a bad thing , given the current Australian tactic of slowly inching the pension age to 100 ( or is it 200 ) ( government officials and politicians excepted , of course )

i back the French unionists on this ( as much as it makes me choke to support any union )

 

[moXJO]

Heard an interesting bit of (brief) convo on Triple J. One of the young girls said she was a workaholic, mainly due to the fact she had worked through COVID and wasn't locked down.

I'm not sure that's the overriding answer. But it is hugely noticeable that people have changed. Guys I know that were 100% driven have come to me and said they are "downsizing" for less stress and time at work.
A lot of guys as well.

So I wonder how it will affect future generations of workers?
Obviously we have new workers every year. So how many generations to breed it out again.