@pmarca What’s a community supposed to do? Plenty of college towns have tried to set up entrepreneurial ecosystems with limited success. The Research Triangle seems like the closest a community has come to building a new SV
@Calebej37 Challenge is that nobody can go build another Charleston. There’s a fixed supply of historic Charleston, so higher demand means prices go up and up
@memeticsisyphus It’s weird to think how much less protein people used to eat. We’re only now getting reaching the point of having modern diets comparable to hunter gatherers
Those jobs suck and produce minimal additional profit for the business. Wages went up, workers got better paying jobs, and revenue minus expenses flipped for off peak hours
I *hate* what "Covid" did to "normal standards" for businesses. 6 years on, and the change is permanent. Everyone thinks it's "just normal, you know?" now like nothing is different.
Where I live in New England, *all* 24 hour stores are no longer 24 hours. Not Walmart. Not the grocery. Not a single one of the eight or so convenience/gas stores. At least four used to stay open. None do now.
The restaurants on Main St in a tourist town? 9 pm closing on Fridays and Saturdays.
The entire town, and the surrounding area, closes down at 9 pm. Even on weekends. Even with tourists in town.
The one grocery store in town? Used to close at midnight. Then it went back to 11 pm with hand drawn signs "sorry no staffing heart emoji". Then 10.
Now it's down to 9 pm. Now that's normal. Even on Friday or Saturday.
"Covid", somehow, I don't understand how it could still be this way, is the demarcator line. Somehow, 6 years later, businesses are still struggling to find staff. No business I've patronized has been fully staffed in six years-I'm serious.
What is going on? How did all these people, who still exist and still have bills to pay, manage to find a way to not work, and they're still paying their bills?
Better hope you never actually need anything in an emergency.
-J
@L0m3z@ploughmansfolly Universities are an employment engine for bureaucrats and construction firms. Nothing changes until they stop spending money adding overhead
@ReaperCapital Interviewed with Epic after college. Seemed like their workforce strategy was getting fresh grads to work there for ~2 years and then pushing them to grad school
@Empty_America It’s Baumol all the way down. Automation and substitute goods are about the only option. Secondary issue that real estate eats wage gains
@arindube Good write up. I’ve looked some at min wage data and what’s striking is how irrelevant it is. I’m in a raise state and the Little Caesar’s near my house advertises entry wages $2/hr over min. Labor markets are tight enough that the min wage floor is below equilibrium