1 00:00:00,240 --> 00:00:05,480 Speaker 1: Job hugging. Oh, it's a new thing of job hopping. 2 00:00:05,559 --> 00:00:08,400 Speaker 2: Right, It's like us here where we're just clinging like 3 00:00:08,480 --> 00:00:11,360 Speaker 2: grim death, yes to our microphone stands. 4 00:00:11,680 --> 00:00:16,480 Speaker 1: That's it exactly, employees clinging to their current jobs in 5 00:00:16,520 --> 00:00:19,560 Speaker 1: an increasingly difficult labor market. 6 00:00:19,880 --> 00:00:25,320 Speaker 2: Okay, so this is saying that people are not leaving 7 00:00:26,360 --> 00:00:33,879 Speaker 2: their positions because, like Richard Gear, I got nowhere else. 8 00:00:34,080 --> 00:00:37,920 Speaker 1: Nothing else, I got nowhere else to go. So employees 9 00:00:37,960 --> 00:00:42,200 Speaker 1: holding on tightly to their jobs, confidence and a new 10 00:00:42,320 --> 00:00:46,199 Speaker 1: job opportunity is falling, and that is to due to 11 00:00:46,440 --> 00:00:50,839 Speaker 1: economic uncertainty and also threats from AI and automation. 12 00:00:51,920 --> 00:01:01,280 Speaker 2: You know, it is interesting how you're I've reached the 13 00:01:01,360 --> 00:01:04,440 Speaker 2: age where you know, they're always like, if you could 14 00:01:04,440 --> 00:01:06,640 Speaker 2: go back and tell your younger self something, what would 15 00:01:06,680 --> 00:01:07,600 Speaker 2: it be like. 16 00:01:07,560 --> 00:01:09,240 Speaker 1: I've reached how far do you need to go back? 17 00:01:09,319 --> 00:01:11,360 Speaker 2: Well, I've reached the middle age now, so I think 18 00:01:11,880 --> 00:01:13,520 Speaker 2: what you were the first person to point out to 19 00:01:13,560 --> 00:01:14,760 Speaker 2: me you are in middle age. 20 00:01:14,800 --> 00:01:15,160 Speaker 1: Thank you. 21 00:01:16,760 --> 00:01:18,720 Speaker 2: Where I think I could be if I could go 22 00:01:18,800 --> 00:01:25,120 Speaker 2: back and tell my younger self something, you better? You better. Really, 23 00:01:25,160 --> 00:01:27,960 Speaker 2: if you're going to do school, you should do school. 24 00:01:28,160 --> 00:01:31,360 Speaker 2: But if you're going to do school, you may. My 25 00:01:31,520 --> 00:01:33,480 Speaker 2: thing was never I'm not smart enough. It was I 26 00:01:33,480 --> 00:01:36,760 Speaker 2: don't care apathy. That was always my thing is I 27 00:01:36,760 --> 00:01:38,639 Speaker 2: don't like. I see this as a waste of time 28 00:01:38,920 --> 00:01:41,240 Speaker 2: because I knew what I wanted to do, And as 29 00:01:41,240 --> 00:01:43,479 Speaker 2: long as this little gravy train here keeps rolling, I'll 30 00:01:43,480 --> 00:01:46,240 Speaker 2: be fine. Right, I could live on nine bucks a day. 31 00:01:46,280 --> 00:01:48,400 Speaker 2: I'm like one of those people for nine dollars a day. 32 00:01:48,720 --> 00:01:53,320 Speaker 2: You're listening, We'll feed Rob Kendall at the RBS. But like, 33 00:01:54,040 --> 00:02:00,720 Speaker 2: we are such a specified skill set world now, especially 34 00:02:00,800 --> 00:02:03,400 Speaker 2: in the average as you alluded to the ever changing 35 00:02:04,480 --> 00:02:13,120 Speaker 2: technology frontier, that I am in grave concern if at 36 00:02:13,160 --> 00:02:15,640 Speaker 2: some point urban one says we've had enough of your 37 00:02:15,680 --> 00:02:17,480 Speaker 2: antics and you're out of here. I mean, I'm going 38 00:02:17,520 --> 00:02:19,959 Speaker 2: to end up manning the counter to Wendy's or something. 39 00:02:20,000 --> 00:02:23,040 Speaker 1: Because you know, it's interesting you say that, because this 40 00:02:23,320 --> 00:02:26,800 Speaker 1: article which I'm referencing, says that one person left a 41 00:02:26,840 --> 00:02:32,040 Speaker 1: toxic job expecting quick reemployment, but is now working overnights 42 00:02:32,200 --> 00:02:33,880 Speaker 1: at a gas station to stay afloat. 43 00:02:34,000 --> 00:02:39,079 Speaker 2: Yeah, like, I just I think again, we're so because 44 00:02:39,120 --> 00:02:42,600 Speaker 2: of the way the economy is moving. 45 00:02:42,680 --> 00:02:45,480 Speaker 1: And I mean in the sense of uncertainty. 46 00:02:45,639 --> 00:02:50,160 Speaker 2: Well yes, but I'm saying everything now is centering around 47 00:02:50,200 --> 00:02:52,720 Speaker 2: it used to be a nuts and bolts type of economy, right, 48 00:02:52,800 --> 00:02:56,680 Speaker 2: like we build stuff, we make things whatever, and you 49 00:02:56,760 --> 00:02:59,160 Speaker 2: could if you're handy and you can do those things, 50 00:02:59,320 --> 00:03:01,000 Speaker 2: you can catch on at anywhere and you can always 51 00:03:01,000 --> 00:03:03,360 Speaker 2: find a way to make it work. So much of 52 00:03:03,400 --> 00:03:05,600 Speaker 2: it now is driven by technology. But the problem is 53 00:03:05,600 --> 00:03:07,000 Speaker 2: we don't know what the technology is going to be. 54 00:03:07,560 --> 00:03:08,960 Speaker 2: You don't it used to be you could look in 55 00:03:08,960 --> 00:03:10,280 Speaker 2: the future and say, hey, and tent and I'm gonna 56 00:03:10,280 --> 00:03:12,200 Speaker 2: talk about like people thought, oh, they'll be flying cars. 57 00:03:12,480 --> 00:03:16,200 Speaker 2: I'm saying like people were fore casters and these types 58 00:03:16,200 --> 00:03:19,360 Speaker 2: of things could give you a realistic idea of how 59 00:03:20,480 --> 00:03:23,200 Speaker 2: the economy might look and say five years. I don't 60 00:03:23,200 --> 00:03:24,560 Speaker 2: think we have any idea right now, because I don't 61 00:03:24,560 --> 00:03:28,200 Speaker 2: think anybody has any idea, any handle whatsoever on this 62 00:03:28,320 --> 00:03:31,280 Speaker 2: artificial intelligence stuff. And so unless you're one of those 63 00:03:31,280 --> 00:03:34,000 Speaker 2: people who really gets it and can thrive under those 64 00:03:34,040 --> 00:03:37,280 Speaker 2: types of things. Like my wife, she works in cybersecurity. 65 00:03:37,440 --> 00:03:42,760 Speaker 2: She knows all of this stuff right, and so she 66 00:03:42,920 --> 00:03:46,120 Speaker 2: gets people all the time looking to hire her, promote her, 67 00:03:46,280 --> 00:03:48,680 Speaker 2: or go you know, interview for this thing or whatever. 68 00:03:49,040 --> 00:03:50,680 Speaker 2: I don't know what any of it is. I just say, 69 00:03:50,680 --> 00:03:54,360 Speaker 2: what's the pay right. But those sorts of people who 70 00:03:54,360 --> 00:03:57,480 Speaker 2: have a handle on those sorts of things and understand 71 00:03:57,560 --> 00:04:00,080 Speaker 2: that and can be diverse. And she's always taking the 72 00:04:00,360 --> 00:04:02,640 Speaker 2: tests or whatever. I don't know what they are, but 73 00:04:02,720 --> 00:04:03,440 Speaker 2: the point. 74 00:04:03,200 --> 00:04:05,600 Speaker 1: Is right to get five. 75 00:04:05,800 --> 00:04:08,480 Speaker 2: Yeah, And those people are gonna be fine because they 76 00:04:08,520 --> 00:04:13,760 Speaker 2: know how the system works. But us, it's it's Walmart, 77 00:04:13,840 --> 00:04:17,400 Speaker 2: it's Wendy's, it's uh Man in the counter at the 78 00:04:17,440 --> 00:04:19,719 Speaker 2: Jiffy Lube, you know, I mean something like that in 79 00:04:19,720 --> 00:04:21,320 Speaker 2: our future, once they tell us we're done here. 80 00:04:21,360 --> 00:04:24,080 Speaker 1: So Moody's Analytics says that a lot of workers switched 81 00:04:24,080 --> 00:04:28,080 Speaker 1: to better jobs during the pandemic, and they're now reluctant 82 00:04:28,160 --> 00:04:32,560 Speaker 1: to leave them. They fear layoffs and the hiring process 83 00:04:32,720 --> 00:04:39,440 Speaker 1: obviously tougher job searches. And it's actually giving your employer's 84 00:04:40,680 --> 00:04:44,440 Speaker 1: leverage because they can now enforce, you know, the return 85 00:04:44,480 --> 00:04:49,200 Speaker 1: to work mandates, or they can cut employee benefits. They can. 86 00:04:49,560 --> 00:04:51,640 Speaker 1: It went to streamline a lot of things, give you 87 00:04:51,680 --> 00:04:58,200 Speaker 1: more responsibility for the same rate of pay, and you're stuck. 88 00:04:58,800 --> 00:05:02,400 Speaker 2: It went too far and the worker right movement. People 89 00:05:02,520 --> 00:05:05,719 Speaker 2: went way too far, and that's why you see mcplace 90 00:05:05,760 --> 00:05:07,800 Speaker 2: like McDonald's were like, oh you want fifteen dollars an hour, 91 00:05:08,040 --> 00:05:11,719 Speaker 2: meet your new coworker, mister Kiosk. Right, and so they've 92 00:05:11,760 --> 00:05:14,159 Speaker 2: gone too far. You're right. Now we are back in 93 00:05:14,360 --> 00:05:23,479 Speaker 2: the employer dominated climate where they're setting the rules again. 94 00:05:23,600 --> 00:05:28,160 Speaker 2: They're they're setting the standards, and as such, it's going 95 00:05:28,240 --> 00:05:32,120 Speaker 2: to be harder and harder to find work, to find 96 00:05:32,160 --> 00:05:35,400 Speaker 2: gainful employment, to find fulfilling appointment. I am pretty certain 97 00:05:35,680 --> 00:05:37,320 Speaker 2: because there will come a day the bell tolls for 98 00:05:37,360 --> 00:05:40,600 Speaker 2: all of us here, and I am fairly certain I 99 00:05:40,600 --> 00:05:43,080 Speaker 2: will go be a full time bartender whenever I'm done here, 100 00:05:43,400 --> 00:05:44,600 Speaker 2: because that would that. 101 00:05:44,520 --> 00:05:46,679 Speaker 1: Would be because we know even during COVID, the liquor 102 00:05:46,720 --> 00:05:47,560 Speaker 1: stores will stay open. 103 00:05:47,600 --> 00:05:50,200 Speaker 2: Well that's my point, right. I mean, like, I really 104 00:05:50,240 --> 00:05:51,960 Speaker 2: did enjoy the couple of years I worked at the 105 00:05:51,960 --> 00:05:54,680 Speaker 2: golf course doing that because you interact with people and 106 00:05:54,680 --> 00:05:58,120 Speaker 2: it's fun and whatever. I'm not saying it's an ideal life. 107 00:05:58,160 --> 00:06:01,560 Speaker 2: I'm not saying it's like a productive existence. But I 108 00:06:01,560 --> 00:06:03,400 Speaker 2: think I could slide right back, like I'm doing that 109 00:06:03,440 --> 00:06:07,080 Speaker 2: event this weekend, because it's you don't. I mean, like, 110 00:06:07,160 --> 00:06:09,680 Speaker 2: if you're bartending at the top restaurant in town, you 111 00:06:09,720 --> 00:06:13,200 Speaker 2: probably need, you know, some skill set of being able 112 00:06:13,200 --> 00:06:15,880 Speaker 2: to make all the all the good stuff. But just 113 00:06:15,960 --> 00:06:18,480 Speaker 2: being a basic bartender. I mean it's like you pour 114 00:06:18,560 --> 00:06:19,839 Speaker 2: this and then and you put it and you shake 115 00:06:19,880 --> 00:06:22,480 Speaker 2: it up and you put it in here and you know, boom. Right. 116 00:06:22,720 --> 00:06:26,080 Speaker 1: I'm curious you were out this weekend watching football? I was. 117 00:06:26,720 --> 00:06:31,640 Speaker 1: Did you notice was the crowd same, less, bigger? Well? 118 00:06:33,279 --> 00:06:35,960 Speaker 2: Well, the one game was in Dublin, that first game, 119 00:06:36,279 --> 00:06:39,000 Speaker 2: so you got to like scratch that right because I 120 00:06:39,080 --> 00:06:43,800 Speaker 2: was too count Yeah, and then I watched mostly golf 121 00:06:43,839 --> 00:06:46,760 Speaker 2: because it was the it was the FedEx this weekend. 122 00:06:48,200 --> 00:06:49,840 Speaker 1: Is that the one Fleetwood one? Yeah? 123 00:06:49,880 --> 00:06:52,840 Speaker 2: Finally it ruined that. So Tommy Fleetwood had finished in 124 00:06:52,880 --> 00:06:55,360 Speaker 2: the top five like forty times and could never win. 125 00:06:55,440 --> 00:06:58,320 Speaker 2: And that was half the darn entertainment was watching him 126 00:06:58,360 --> 00:07:00,560 Speaker 2: find ways to lose. And now I don't have that anymore. 127 00:07:00,920 --> 00:07:02,280 Speaker 2: Why do you ask? Is there a reason you were 128 00:07:02,279 --> 00:07:02,600 Speaker 2: asking me? 129 00:07:02,680 --> 00:07:02,840 Speaker 1: Right? 130 00:07:02,960 --> 00:07:04,640 Speaker 2: Just wond well about crowd size. 131 00:07:04,760 --> 00:07:07,720 Speaker 1: Yes, about crowd size, because people are being more selective 132 00:07:07,720 --> 00:07:10,280 Speaker 1: now about how they're spending the money. And you were 133 00:07:10,280 --> 00:07:12,840 Speaker 1: saying that you would go back to bartending, and I'm wondering, like, 134 00:07:13,600 --> 00:07:17,120 Speaker 1: you know, is that trajectory even possible. 135 00:07:17,280 --> 00:07:19,480 Speaker 2: Well, I'm sure see that. That's interesting you say that. 136 00:07:19,600 --> 00:07:24,440 Speaker 2: I think I think people are being this sounds wild. 137 00:07:24,600 --> 00:07:26,720 Speaker 2: I think people are being more selective on how they're 138 00:07:26,720 --> 00:07:29,400 Speaker 2: spending their money on necessities. I don't think they're being 139 00:07:29,400 --> 00:07:32,640 Speaker 2: more selective on entertainment. I think people are sort. 140 00:07:32,400 --> 00:07:33,920 Speaker 1: Of like they still need that third. 141 00:07:33,720 --> 00:07:37,200 Speaker 2: Place post COVID. I think people were just like, we 142 00:07:37,240 --> 00:07:38,560 Speaker 2: don't know what it's going to be taken away again. 143 00:07:38,600 --> 00:07:39,840 Speaker 2: If I want to go do something, I'm going to 144 00:07:39,920 --> 00:07:42,520 Speaker 2: go do it whatever. Here's what I do notice. So well, 145 00:07:42,680 --> 00:07:45,560 Speaker 2: my old my old pal Ben and I were hanging 146 00:07:45,560 --> 00:07:49,800 Speaker 2: out this weekend, and it does seem like people are 147 00:07:49,800 --> 00:07:53,360 Speaker 2: being more selective in terms of going out, like they're 148 00:07:53,400 --> 00:07:56,960 Speaker 2: going places, or how often they're going places, or or 149 00:07:57,000 --> 00:07:59,600 Speaker 2: what they're doing. And it also could be just because 150 00:07:59,600 --> 00:08:01,640 Speaker 2: I'm an old personnel. I don't I'm not out and about. 151 00:08:01,640 --> 00:08:02,880 Speaker 2: When the young. 152 00:08:02,720 --> 00:08:05,240 Speaker 1: People were also out during the day, it wasn't like 153 00:08:05,280 --> 00:08:06,400 Speaker 1: it was a Saturday night. 154 00:08:06,560 --> 00:08:10,720 Speaker 2: Yeah, I think we're gonna go watch opening night of 155 00:08:10,760 --> 00:08:12,720 Speaker 2: the NFL. So this will be interesting. I think we're 156 00:08:12,720 --> 00:08:15,840 Speaker 2: gonna go watch Opening Night of the NFL together Sunday 157 00:08:15,880 --> 00:08:18,320 Speaker 2: night when the Sunday Night game, so we'll see what 158 00:08:18,360 --> 00:08:20,600 Speaker 2: the crowd is like for that because that used to 159 00:08:20,600 --> 00:08:23,679 Speaker 2: be wall to wall traffic, so we'll see what people 160 00:08:23,680 --> 00:08:24,320 Speaker 2: have to say about that.