Fortune has a story about Roblox CEO David Baszucki issuing an ultimatum about returning to the office or get fired. The threat is laughable because they’ve been calling for return to office now for 2 years and they still struggle to get workers back in but here’s the link and quote:
“Join our three-day, in-office schedule (Tues.-Thurs.) or take a severance package,” Baszucki recently wrote in a memo to staff.
Source: Fortune.com
Ironically, there was this story on Yahoo Finance title, “The laid-off masses have a message for Mark Zuckerberg and Marc Benioff: We’re never coming back” that essentially states that everyone that was let go quickly and easily found other jobs elsewhere and they won’t return back despite desperate job openings.
Salesforce laid off about 10% of its workforce earlier this year, but now CEO Marc Benioff is encouraging those people to apply to fill its 3,000-plus open roles.
Source: Yahoo.Finance.com
Back in July, we wrote, Inflation Down But Not Out – Raises Galore outlining how pilots received 40 percent raises as part of their new contract. Other workers such as UPS also received huge raises and there have been more strikes this year than the past 20 and workers are winning, want to know why?
There are 40 to 50 million people poised to retire over the next 6 years. All baby boomers will be over the age of 65 by 2030 so we are sure there will be a mad rush out the door leaving a giant void in the American labor force.
Either these ultimatum CEOs are seriously clueless or they are grandstanding in the hopes of intimidating weak workers.
The Wall Street Journal also had recent reports on Atlanta and Dallas real estate markets having 40 percent vacant office buildings. The story was important because Texas and Georgia are two states that have had the most success coaxing people back to the office and even with their success, office real estate is still vastly empty.
Companies that will be successful over the next decade are those that treat their employees well, offer plenty of work options and pay the best. We wrote about this exact moment and many like it moving forward over the next few years in “What’s Happening With Hourly With Hourly Wages? T-Rex Will Eat First.“
Our investment thesis is predicated on assuming that well run deep pocket, large, profitable businesses (T-Rex) will devour labor first while secondary and tertiary businesses and governments pick the bones of the remaining left overs. The State of Missouri’s mini-panic is an early clue that our thesis is likely correct but we will build our case over time by closely monitoring wage changes and reactions accordingly.
Source: Econonaut.com
As a result of our continued research, we developed our experimental DIVOS™ investment strategy that will focus on demographics, income, value, options and S&P 500 equities. To learn more, stay tuned, stay profitable and stay solvent…