Companies start charging for employee training
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Well, that's an accurate name. I get it, they don't want to invest money and not get anything out of it but that's just the risk they take.
How many people have moved or turned down job offers to take a position only to be laid off a year later? Nobody is proposing that the company that laid them off pay a penalty due to the lost opportunity or moving expenses that ended up being wasted.
You could theoretically have a contract provision for that. Same for these training costs. Of course, the issue is that the company has vastly more bargaining power and can impose such a requirement on you, while you (unless you are a star) cannot extract a promise to refund moving expenses.
The real issue is that the moment labor have power to force better wages, better benefits, and better employee contracts, the Fed magically decides that inflation is being caused by increasing wages (and not green new deal energy policy or mindlessly printing trillions of dollars). The solution? Jack up the rates in order to indirectly shit on labor in the name of “tackling inflation”.
Another issue: these sorts of global interventions only happen on behalf of global corporations. No one cares if runaway labor costs destroy your small town business.
The Federal Reserve is a private corporation owned by bankers. It's something of a moot point since the same people also control the government, but in any case they do what's good for them. People are just cogs.
The fed is autonomous with oversight from congress
The Fed does not work for you, me, or small businesses. The Fed works for it's member banks. It acts only in their best interests. Hence the constant blowing of asset bubbles followed by popping. Only the ones at the very top really profit from all of this.
Bullshit. We have a labor shortage in the US and employer bargaining power is at an all-time low. Nobody is forcing you to take any job. No one is putting a gun to your head.
As the welfare state continues to grow, employer power will continue to diminish because people will be fine with leeching off of welfare instead of working.
Lemme guess: time for mass immigration?
"We need more visas, or else we might have to hire a white guy"
Is that not why companies are pulling shady shit like this?
They're completely out of legitimate options to retain staff - they can't afford to pay competitive wages, they've too much work on to be flexible. So, the remaining option - start punishing your staff if they leave.
That doesn't work, because you'd need to agree to a training reimbursement if you break your contract early when you sign your employment contract on hiring.
So if the company isn't willing to pay you "competitive wages", why would you agree? You wouldn't.
The real reason this is happening is that desirable employers are refusing to hire people without experience, so entry levels are forced to go to "undesirable" employers to get training, then promptly dump them and get a "better" job the minute they have enough experience. The employers who are getting used and exploited need to try to stop this exploitation and reduce turnover, so they very fairly say "your employment contract is X months, and we will eat the cost to train you if you complete your contract, but if you leave early, you need to partially reimburse us based on how long you stayed". It's not about "punishment", it's about the employer not being taken advantage of.
Don't give me this crap. As you well know, there are legal limits to what contracts can impose on parties. I cannot sell myself into slavery to you, even if you didn't put a gun to my head.
How exactly does 'welfare' relate to 'employers'.
Welfare is an alternative to employment. So the better welfare is, the more people will decide to go on welfare rather than work.
Hell, Trump and Biden paid me I think $1,250 per WEEK during COVID just because the courts closed even though I could still work. Literally just showered me and everyone else in California at that level. THAT'S $65,000 PER YEAR, MORE THAN THE MEDIAN HOUSEHOLD INCOME. For doing NOTHING except signing up on some govt website for free shit.
A lot of people took that money and stopped working for a prolonged period, which caused both inflation and a recession.
It's not. Nobody is "trapping" the worker. They can leave at any time and reimburse the employer a modest sum for the training.
No, it's not. They have freedom of contract under Common Law to agree with the worker that the worker will repay some training costs if the worker exploits the employer for training and then leaves soon after.
LOL dude this happens ALL THE TIME and it's called a severance. Employers pay workers penalties all the time for cutting their contracts short.