ilmscore | Yes, It Is Harder To Get A Job - Here's Why

Yes, It Is Harder To Get A Job - Here's Why

Published: 2024-08-11
Status: Available | Analyzed

Predictions from this Video

Total: 10
Correct: 0
Incorrect: 0
Pending: 10
Unrated: 0
Prediction
Topic
Status
The job market has shifted from a job seeker's market in 2022 to one with higher unemployment, slower wage growth, and increased layoffs in 2024.
"back in 2022 we were still a job Seekers Market that means companies were more desperate for employees than employees were desperate for a job... today in 2024 well now what we're seeing is higher unemployment we've seen wage growth slow we've seen highing slow and we've also seen layoffs increase it's a very different Dynamic"
Job Market Dynamics
Pending
The trend of returning to the office is accelerating in 2024, with employers increasingly issuing mandates.
"that's also partially why you're continuing to see this trend of returning back into the office in 2024 with more employers saying get back into the office or leave the company"
Return to Office Trend
Pending
In 2024, companies are using strategies like mandating return to office as a way to identify employees who are committed, potentially leading to 'quiet layoffs' if some choose to leave rather than comply due to financial pressures.
"today in 2024 it's the opposite you're seeing more things like quiet layoffs what is that well this is where some companies are saying you know what we're going to mandate things like returning back into the office because it's an easier way for us to see who really wants to be a part of the company and who doesn't because based on our finances we're going to have to let people go and it's easier if people just leave on their own"
Employee Motivation and Productivity
Pending
Employers are currently prioritizing increased productivity and growth more than they have in the past four to five years.
"why employers are needing more productivity why employers are focusing on more growth both now than what we've seen over the last four or 5 years"
Business Growth Focus
Pending
The economic system is fundamentally driven by spending, specifically credit-based spending, where individuals spend more than they earn through the use of credit, debt, and home equity.
"our economic system runs on spending... our econom system is a credit based spending system that means you can earn $100 and spend $150 thanks to L of credit and debt and home equity other types of credit"
Economic System Reliance
Pending
Americans are beginning to pull back on their spending for the first time since the start of the pandemic.
"more and more Americans are starting to pull back on their spending the reason why this is significant is because the the first time that we're now seeing Americans pull back on their spending since the pandemic started"
Consumer Spending Pullback
Pending
Businesses are experiencing rising costs due to inflation, including more expensive salaries, rent, and software expenses compared to five years ago.
"your costs are rising because of inflation salary costs are more expensive today than 5 years ago rent costs because businesses that have offices they got to pay rent they're more expensive today than 5 years ago expenses and softwares and everything is more expensive for a business"
Business Cost Increases
Pending
CEOs are now tasked with proactively driving company growth themselves, as the broader economy is no longer providing the same level of growth as it did previously.
"the CEO has to say okay we need to continue growing this company because the economy is not going to do it by itself the economy is not growing like what it was before... CEOs have to figure out how can you grow the company yourself"
CEO Strategy for Growth
Pending
There is a significant and increasing push from CEOs for greater productivity and efficiency, a trend that has intensified from 2023 onwards and was less prominent in 2021 and 2022.
"this is where now CEOs are pushing for more productivity they're pushing for more efficiency and they want to see who are the right team members... we're seeing a push for efficiency we're seeing a push for productivity that wasn't the case in 2021 that wasn't the case in 2022 it was a little bit of the case in 2023 but now it's really becoming the case"
Employee Productivity and Efficiency Push
Pending
Companies are downsizing and focusing on retaining only their top-performing employees.
"companies are looking to keep only the best team members now they're only looking to keep the best employees because companies are looking to downsides they're looking to only keep the best people"
Company Downsizing Strategy
Pending