This must be one of Chakrabortty’s

The lad never really did get the hang of economics:

A low wage economy comes with a heavy price tag. It is not only that employers have no incentive to invest in training or upgrading skills for their employees, or buying new equipment for their factories when they can increase productivity by hiring more cheap workers;

Buying new equipment replaces workers. This is exactly how the minimum wage reduces employment.

Twat.

21 comments on “This must be one of Chakrabortty’s

  1. Only 3 prosecutions? Oh, after 700 settlements…

    *facepalm*

    FFS do these people really not understand how the real world works? How almost everyone has their lawyers advising them to settle?

  2. > they can increase productivity by hiring more cheap workers

    Only if the new hires are cheaper than the existing hires. That implies that entry-level labour is falling in cost. Given the rising minimum wage, and that companies rarely (intentionally) flout the minimum wage laws, I don’t see how that’s possible.

  3. So the Groan is accepting that a business deciding whether to spend money on training, machinery*, or additional hires is going to weigh up the costs and benefits of each and act accordingly. This is progress. The conclusion drawn/inferred here is batcrap stupid, but can’t we applaud the little wins?

    * Machinery. How quaint. These days business is much more likely to be deciding whether to invest in getting some code-monkeys to eliminate low paid jobs. At present the lack (and consequent cost) of code-monkeys is good for unskilled workers. If we had more decent code-monkeys (high skilled jobs) then tomorrows editorial would bemoan the results and/or bemoan whoever is to blame for every innumerate dole-toucher not being fluent in Java.

  4. Eye-roll – head shake

    The Guardian are a real living and breathing bunch of hypocritical knobs – I mean – just look at their own employment practices….

    I guess it was ever thus when you put a bunch of unemployable twerps in charge of a pile of other people’s money. (The Scott Trust )

  5. ‘increase productivity by hiring more cheap workers’

    The dingbat doesn’t understand what productivity means.

  6. “lack of code-monkeys”

    What lack of code monkeys? I’m a code monkey, but can only get work as a IT Technician because employers refuse to employ somebody who isn’t already working on their project with tomorrow’s technologies. “You used FibbleWob 2.3 last month? Sorry, we need somebody who used FibbleWob 2.4 yesterday, fuck off”.

  7. @ Dennis
    In the case of the Grauniad that could actually be true if their expensive journalists produce less value than their cheap workers.
    But in any sane organisation you would be right

  8. Buying new equipment replaces workers. This is exactly how the minimum wage reduces employment.

    Well, it also reduces employment by preventing new potential employers from employing, but that effect’s harder to measure.

    You used FibbleWob 2.3 last month? Sorry, we need somebody who used FibbleWob 2.4 yesterday, fuck off.

    “And you need to have 3 years experience with ProprietaryFrameworkToDoSomethingDoneBetterByOpenSourceFrameworks 3.5.”

  9. Saw an interesting rant from a project manager how PMP had devalued his earning potential as he had to get it as companies wouldn’t employ anyone without it and then when he did they assumed all PMP were the same and why should they pay extra for his 25 years of real world experience.

    My wife has commented on something similar about nurse jobs advertising requiring a degree, but most older nurses qualified before it became a degree course so they are excluding all the more experienced staff.

  10. I applied for a contract that required a certain professional qualification. Which I don’t have.

    My covering letter explained that it would be unethical for me to sit the exam, as I mark about 80% of them currently so pretty much know the specimen answers off by heart.

  11. “Sorry, we need somebody who used FibbleWob 2.4 yesterday, fuck off”.”

    As it will be very close to the previous version, say you used it and spend half an hour researching the sort of questions likely to be asked at interviews. The worst that can happen is you don’t get the job.

  12. @Rob, September 28, 2016 at 7:44 pm
    ““Sorry, we need somebody who used FibbleWob 2.4 yesterday, fuck off”.”

    As it will be very close to the previous version, say you used it and spend half an hour researching the sort of questions likely to be asked at interviews. The worst that can happen is you don’t get the job.”

    Very true. I was paid to teach clients’s staff how to use W95, 98, NT, XP, 7… I’d never used them before, but knew enough about IT to bluff and use my learning experience to teach them by example.

    Usual line in training session “Let’s pretend I’ve never done this before, this is how to discover how to…”

    The trainees loved how I “pretended” to be a newbie too.

  13. “Sorry, we need somebody who used FibbleWob 2.4 yesterday, fuck off”.”

    As it will be very close to the previous version, say you used it and spend half an hour researching the sort of questions likely to be asked at interviews. The worst that can happen is you don’t get the job.

    And then managers wonder why their developers don’t give them honest answers in meetings & reports.

  14. It’s bollocks anyway. We decided to go to TypeScript to make our node stuff easier to engineer. Took me and the rest of the developers about 48 hours to get up to speed. Same with all the other technologies I’ve learnt in the past year, and the year before that, and the year before that…

  15. Just after the GSM spectrum licences were issued in UK all 5 licence holders started adverting for GSM planners with at least 3 years experience. There can’t have been 50 in the world and they were with manufacturers’ R&D depts. Reality dawned, they employed people with general radio backgrounds and we figured it out as we went along.

  16. Off topic. Murphy quotes Martin Wolf on the dangers of Donald Trump:

    …He is a peddler of falsehoods and conspiracy theories. He utters racist calumnies. He attacks the independence of the judiciary. He refuses to reveal his taxes. He has no experience of political office, and incoherent policies. He glories in ignorance.

    I couldn’t help noticing that Wolf’s description of Trump would be just as apt if applied to Murphy himself.

  17. I got laid off in 2009 when my company’s proprietary cost accounting system was replaced with SAP. I had demonstrated that I could easily move into SAP support, having taught myself ABAP/4.

    At 60 years of age, I was the highest paid computer jock around. NFW they were going to keep me on.

    So I see “You used FibbleWob 2.3 last month? Sorry, we need somebody who used FibbleWob 2.4 yesterday” as employers not wanting to pay for EXPERIENCED people. Hire a college boy who just learned the stuff.

    Since I retired then, it doesn’t affect me. What amuses me is I KNEW THE BUSINESS. College boys may know FibbleWob 2.4, but good luck teaching them the business. In my 30+ years in IT, I always found it easier to teach IT to people who knew the business, than to teach IT people the business. For some, it was impossible. Want to see an IT guy squirm? Take him out on the shop floor.

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