236 Comments

It would be completely ridiculous to expect some of that excess money that's used to over-pay CEO's be used to pay employees more. That's crazy talk!

Expand full comment

I thought the criminal with the cut toe was a reference to Clyde Barrow. Lol. Didn’t he cut off a toe in jail to get sympathy or early release? :)

Expand full comment

The only solution that any economist can see for inflation is unemployment. The only solution to help stock markets is unemployment. Unemployment solves everything, especially since if you’re the GOP (or Conservatives or Tories depending on the country) because then unemployment is the fault of the UNEMPLOYED, not the many policies enacted to ensure unemployment is high for inflation and stock markets. Circle jerk much?

Expand full comment

Should I stay, or should I go now?

Should I stay, or should I go now?

If I go, there will be trouble

And if I stay, it will be double

So come on and let me know…

How can we blame this all on Joe?

Expand full comment

Democrat.

Expand full comment

Maybe it has something to do with the fact that the last couple of years of labor shortages caused employers to offer something akin to a fair wage, and so the employees who were all "hell no, I ain't workin' for peanuts!" are now feeling like employment at ACME Manufacturing is actually worthwhile.

Why do they only whine about how capitalism works when the money comes out of their pockets?

Expand full comment
Nov 10, 2023·edited Nov 10, 2023

Because they're capitalists? I think they're required to do that.

Expand full comment

Whatever happened to the idea that if you treat someone well enough they will work for you for life and that such depth of institutional knowledge is a benefit to the company? Anymore corporations views labor as a liability instead of an asset.

Expand full comment

Ta, Dok. I'm not crazy about my job, but it fulfilled my lifelong dream of being a Union Maid, and my shop steward told me I'll get a little money for my fifth anniversary there, which will be in September.

Expand full comment

Maybe, and I am just spitballin here The Wall Street Journal, maybe now that people are finally getting paid something of what they are worth, they are CONTENT in their jobs and so do not feel the need to scurry about for something better? I mean, it seems to be these "bosses" are all upset because folk are not scrounging around.

Also seems to me that if /you have a solid core team of people who work together you should go ahead with your projects, not delay them until there is some sort of brain drain?

But whatta I know

Expand full comment

How ya gonna control those employees if they're not unhappy?

Expand full comment

I did an internet search for Chip Cutter. Almost all of the results were for doodads that cut potatoes into chips.

There were a couple, though. Mr. Cutter appears to be in his thirties. So it is encouraging to note that the WSJ is planning ahead to replace its aged, retiring deadwood with brand new deadwood.

Expand full comment

Braindeadwood?

Expand full comment

A reboot of Deadwood with zombies.

Expand full comment

A number of years ago, a call center opened in downtown Wilkes-Barre, Pennsylvania. Times have always been tough there, so when it opened the company had its choice of employees and they were quickly up and running.

Because of the nature of the work - constantly getting screamed at by irate customers - the employee turnover at these places is pretty high. So they offered bonuses to workers who lasted 30 days, six months, one year, etc. But because any jobs were tough to come by there, and the region is well known for its work ethic, employees stayed and collected bonuses to the point where the company claimed it was losing money because their work force was so productive.

After about three years, the employees one day arrived to start their first shift of the day only to find that the building was locked up, and the company unceremoniously closed that call center branch. No notice, no pink slips, no nothing.

So even when businesses are doing good, they're doing bad.

Expand full comment

I can't bring myself to upfist, but yeah.

I know that area (and so does Joe Biden) and that's right on character.

Expand full comment

IT'S THE WORKER'S FAULT FOR EVERYTHING! We, the bosses have not and can not make a mistake, it's all the fault of the workers. First they refuse to work for the shit wages we've always fed them, then, in anticipation of a bunch of people leaving we over hired to something approaching a normal workload. Now the ungrateful assholes are staying in droves!

Expand full comment

We cannot fail, we can only BE failed!

Expand full comment
Nov 9, 2023·edited Nov 9, 2023

I’m not quitting my job. Where else can I get away with reading yr Wonket all day at my desk

Expand full comment
founding

We're at capacity staff wise, which means people are doing only their own work, instead of taking on those things Michelle and Keith don't have time to do, because they're two short in their department. How can the company possibly run unless employees are doing the work of three or four, constantly running behind? The Red Queen said that if you want to maintain your position, you have to run as fast as you can, and if you want to get anywhere, you have to run twice as fast. Isn't that the b-school model?

Expand full comment
founding

Maybe they can put those "I did that" stickers on the fridges in the breakroom! Or, PIZZA PARTY.

Expand full comment

It's just a merry-go-round of employment terrorism, the way these idiots run their companies. They start doing well, so decide to increase their profits a smidge by "trimming costs" and winnowing down the headcount to what the morons in Accounting think is the bare minimum. Then the company starts to fail, and they pay an arm and a leg for efficiency experts to compile a report telling them employees are overworked, which is detrimental to quality output. So they hire more people. Work-life balance improves, workers are happy, quality goes up, profit goes up, and then we're back to square one.

I endured this delightful ride several times in my life, pre-pandemic. They never, ever learn.

Expand full comment

I had the exact same experience without the hiring more employees. The company's solution was to sell the business. I left and came back after a private company (competitor) bought the business. Even though I am retired, I still do contract work for them. The new company invests in machinery and people to increase profits and market share. Corporate America lost that when the venture vultures came in.

Expand full comment

Not venture vultures. Vultures go after the dead. Venture Vampires. They suck the blood out of the healthy until they kill them.

Expand full comment

Are we supposed to pity the poor managers with no olds left to shitcan? Boo fucking hoo.

Expand full comment