Are We in Recession or on the Cusp of a Recession?

Investment Analysis Clubs Macro Economic Trends and Risks
21

So give them what they want. It will grow the US economy faster.

1 Like
22

Bull. They are literally demanding that automation at ports be disallowed forever. The only thing they want to grow faster is their wages, not the economy. Automation is one thing that will help grow the economy faster.

4 Likes
23

Yes that is their demand but the compromise is something in the middle.

The main thing about the automation is moving the trucks through. That does not have to mean a full automation.

Besides leaving it to AI may not actually be in the cards. Saying full automation does not simply make it so.

1 Like
24

An accelerated timeline. There’s plenty of metal on the car lots, nothing will happen in “a week.” Some things will be pinched: maybe some agriculture products with short shelf lives. Mall’s ain’t gonna close down for months, probably over a year. Christmas will go on, 3/4 of the toys are already in warehouses here.

And interestingly, the effects are as likely to be felt in China as here, as they will throttle production to avoid having years worth of inventory stacked up at their docks and in warehouses.

In fact except for some spot shortages, I would expect this to have a fairly minimal effect in the next 30 days, i.e. run up to the election.

5 Likes
25

And yet, just a few postings earlier, you say to “give them what they want.”

Which is it? Give them what they want OR compromise?

JimA

1 Like
26

Both, the bid is high on purpose.

adding one man’s bid is another man’s ask.

2 Likes
27

Instead of wages, they should require individual contracts with each member–with pay and bonuses tied to management’s/CEO’s pay and bonuses. CEOs talk a lot. But guess who does the actual work…

28

Unions are dumb. Bad for employees, bad for investors, bad for customers, bad for the economy.
UAW, Boeing and now Ports. Reap what you sow with all the strikes !

Nvidia, Microsoft, Amazon and Tesla do not have unions. Their employees and investors are rich , customers are happy and business is booming.

2 Likes
29

Actually Microsoft and Amazon have unions. But at least you got 50 percent right. :joy: :joy: You would be good at baseball, but I wouldn’t want you teaching anyone.

5 Likes
30

Less than 1% of the company does not make it a union company.

31

You said do not have unions. You didn’t say it had to be a made up number that you impose.

Nvidia, Microsoft, Amazon and Tesla do not have unions.

1 Like
32

Calm down. Did you miss taking your medicine ?

2 Likes
33

Ahh you can’t handle the truth? So you take to obfuscation. Completely understandable.

5 Likes
34

This is why almost no one will trust your opinions. This might be a reflection on you and no one else here. It is okay if you are on meds.

Unions are important to a thriving middle class.

Heavy industry are not high tech. Heavy industry has billion-dollar factories that need to be paid for by a thriving middle class. The country’s wealth depends on factory production.

1 Like
35

Disagree. Many examples of unionized Airline and Auto companies repeatedly going bankrupt while Tesla has market cap of $700B and employees are rich because they own stocks.

Dockworker unions are striking to not allow automation or they will kill the economy. Love it !

Also Microsoft is not a union shop because a small subsidiary of 1k is. It is over 200k employees world wide.

3 Likes
36

In the late 90s, early oughts, there was buzz to unionize us tech workers, but it went nowhere fast. This was/is a growing industry with a shortage of workers, workers who need to be highly educated. We had mobility, we could find new jobs when laid off (and we got laid off a lot), we could demand salaries and benefits packages. There was no need for a union. Most workers are NOT in that position, and having collective bargaining helps them. To say tech doesn’t need unions therefore nobody needs unions is ridiculous.

Unions built the middle class. It is no surprise that the destruction of unions with Reagan is when the destruction of the middle class started.

10 Likes
37

Part of the decline in unions has to be due to the decline in manufacturing. Much of that is out sourcing to Asia. Consumers unwilling to pay a premium for made in USA.

Yes, Reagan took on the air traffic controllers but that was more symbolic than impactful.

We are not surprised to see unions more popular in a time of high inflation. At least they have means to negotiate to keep up with inflation. Labor shortages also help. Employers more likely to agree when workers are hard to replace.

1 Like
38

I disagree Paul that was the beginning of the end. If all the unions would have gone on strike at that very point in time you would see a much stronger union.

The only tool that Unions have to negotiate with is their labor. The strike is what gives them more power. The longshoreman are striking because unemployment is so low it will be tough to break this strike. Also with a President that is willing to let the Unions employ their power, without taking the side of the Companies, I believe the longshoreman will get what they ask for.

But, the longshoreman’s ask of not having any automation, will not last. You can’t stop innovation and productivity. You can only stave it off for a short period of time. That is the real problem with what the longshoreman are asking for.

4 Likes
39

Yep, and the same Job Creators who broke the unions are now pointing at immigrants and people of color as the source of white working class misery.

They are getting screwed and thanking the Job Creators for screwing them.

7 Likes
40

People in sanctuary cities of all races are pushing back on flood of illegal immigrants who getting free hotel stays using their tax dollars. They are competing for the strained social services.

1 Like