tag:blogger.com,1999:blog-23680463.post115052598052064711..comments2023-11-05T04:40:23.785-07:00Comments on Rusty Idols: Perfect Storm coming for Global Economy?Unknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-23680463.post-1150577837373220742006-06-17T14:57:00.000-06:002006-06-17T14:57:00.000-06:00mmm. Possibly, if predicting this kind of stuff w...mmm. Possibly, if predicting this kind of stuff was easy, economics would be a science rather than something more akin to tossing the bones abd hoping the juju isn't bad...<BR/><BR/>The other slow motion transition I find interesting is the shift from the employer market to the employee market as the boomers all start retiring at once. Here in red hot Calgary we're seeing the crunch a little sooner than the rest of Canada, with stories of diswashers being offered ridiculous wages and trips to the tropics in exchange for long term contracts. <BR/><BR/>Almost certainly bullshit, as most employers don't seem to have realized yet that the employee crunch is a long term thing. they still don't get that getting rid of manadatory retirement and lowering the minimum working age, increasing immigration - preferably with some kind of uber-exploitative guest worker program, and maybe t-shirt friday just isn't going to cut it.<BR/><BR/>There are panicky articles in the business journals about how this new young generation of workers have a zero bulshit tolerance and will quit in a second if they are lied to, bullied or condescended to. Because they can.<BR/><BR/>Suddenly market forces are no longer on their side and the 'management class' seem terrified they may have to change their ways.Cliffhttps://www.blogger.com/profile/03487395482670731681noreply@blogger.comtag:blogger.com,1999:blog-23680463.post-1150558077389688252006-06-17T09:27:00.000-06:002006-06-17T09:27:00.000-06:00Not that I completely disagree, but Paul Krugman m...Not that I completely disagree, but Paul Krugman made a decent case yesterday that inflationary pressures, especially the wage component, are not as strong as many are predicting. I also get the feeling he thinks that a significant commodity slump is coming.RossKhttps://www.blogger.com/profile/07677239332112652522noreply@blogger.com