Chad: Which is not bad for the economy, but unfortunately the economy and the jobs So a lot of the gig economy, the do the job, get paid, I'm an Uber driver. It's called Understanding The US Economy Lots of Rotten Jobs. Joel: Yeah, there are a lot of really interesting macro-economic trends that we're Many would say that those states have not benefited from Trump's economy.

I'll just give a plug for a nonprofit, the World Economic Forum.

What is the economy like in terms of technical talent? Where's the growth? Chad: What it sounds like, and we know with the gig economy, that a HackerRank and massive improvement in the way that you can think about how it's going to impact your top line, and just economics

And from time to time, they'll put out, you know, economic related data related reporting, whether it

And the fourth one is the gig economy in Europe, we've talked maybe even more than we have in America in terms of a very diverse set of solutions that people can make money in the gig economy. So what you're seeing in Europe in regards to the German economy? Lieven Van Nieuwenhuyze: They're having hard a time since they are the biggest economy in Europe. So our German economy is going down and I think it will last very...

distribution, and team growth to advance the platform's goal of connecting moms with more than $1 billion in economic Joel (41m 52s): Before the pandemic five of the world's fastest growing economies were in Africa led

organizations, needless to say, I love it even more right now because you know, obviously building a remote economy the developers shortage, by saying there is no shortage of developers because in the global talent economy So again, being able to really drive, you know, economic power for a country or countries that need it

Well, I'll dig into more of this when we get into the economy block that we're doing, but I do have a But what else is cracking in the economy? I hear you asking Chad. Chad, what's your take on the economy? Chad (48:30.19) Mm-hmm. The economy, the politics, the geopolitical shit, it's only going to get Chad (51:30.669) He doesn't Uh, here's, here's our friend, uh, Steve Ratner to talk about the economy.

Chad (9m 36s): No, it's an it's more of an economics, kind of like, labor market insights hub.

Plus, remember that money does no good to the economy when it's not being spent. And how can you get that money into the economy and driving it? Well, you pay fucking people. Not even from a hazard pay standpoint, they have proven that they are a vital cog in our economy. Chad: And overall economics of it, obviously it's not proving out either.

Combine that with the economic factor that the programmatic bit of it, the way that job boards are now

Do they see that the gig economy is growing so rapidly and not to mention with prop 22 and all this other So demand for goods is skyrocketing in the U S as the US economy reopens from the pandemic. Production end could ultimately cost the US economy up to 1 trillion by 2030. and not having immigrants or closing the border immigrants has been a huge mistake, strategically and economically

Layoffs keep piling up, the economy’s a mess, and the job market needs a total reboot. in our lifetime. is the myth that paying people more will just put prices out of reach and tank the economy It's good for local economies and it's good for the nation to pay the employees a living wage. Chad (34:29.056) how we look at work and the workforce and actually the workforce economy in itself and how we drive and build an economy.

So this has been a big change for us, but it's also impacted the economy and not in a very good way, And the vendor side of our equation is very sensitive to the economy going to shit. But when they're having issues like they are now, the economy is, they have to do something. And I do think it's worth noting, historically when things go bad economically, the biggest of our industry These are the types of companies I see withstanding a big blow to our economy. Joel : Yeah.

relevancy to recruitment, startup Mya’s A.I. recruitment play gets a shot of venture capital, the gig economy

So you mentioned a little bit about the macro economy and things that are going on. That part of the economy continues to be really, really strong. The gig economy doesn't work like that. Help me understand how and if they, you guys play with the gig economy? Sean Behr: Yeah. First of all, we have lots of customers in the gig economy.

dominant classifieds company across Western Europe with the leading horizontals in each of the big five economies It's completely linked to economies which are out of their control. hampering the reopening plans of hotels, restaurants, and bars, which threatens to hold back an unexpected economic

A lot of drugs already existed and just the economic incentives were not there to product them at volume

I mean, I started it out of personal need and you know, I studied economics, didn't know what I wanted

that session, if I recall was, I don't think job postings are an accurately indicator of where the economy Timeline-wise, there's a lot of economic questions and what still needs to be answered. recruiting transactions in the Japanese market, which is like the third world, the third largest world economy

I mean, we're talking about a lot of big economy in Europe, a lot of opportunity, and they're staying Chad (16m 43s): Now Germany is, don't get me wrong, they are the biggest economy in Europe, although So on the economy is a lot bigger. Joel (32m 35s): The largest economy in the world. What are you crazy? Why do that? Chad (32m 40s): Because there's a big economy here.

I think this is literally going to be the new economy. We always talk about how the economy works in cycles and it does. (38:27.842) Yeah, I don't know about the Bunga Bunga, but I do know that Italy is the third largest economy Italy may be a big economy, but it's also not growing very much. They're working very hard now. 20 % of their, of their economy is agriculture, which probably isn't good

the “nothing feels real” AI era—OpenAI’s Sora drama, viral AI-generated roasts, the booming AI-clip economy , an economy that feeds itself. You don't, especially not in this economy right now. I mean, aside from the economy, like the world is a weirder place. Joel Cheesman (51:13.318) the ebbs and flows of the economy. Yeah.

at risk of poverty or social exclusion after the country was not fully recovered from the previous economic You're driving equity to provide dollars to those individuals, and you're going to build the economy because when you provide that money, they're going to put it right back into the economy. going to be spending about 3 billion euros per year, and that 3 billion will go right back into the economy

Matt (4m 48s): It's still really the sense was that, you know, there's lots of economic pressure recession

Joel (15m 45s): All the crystal balls are telling us that the economy is going to shit soon. It's a bad economy. So internal pay equity, if you're trying to attract and retain talent in a bad a down economy. What kind of runway are we looking at if the economy goes to hell? I think even in the down economy, like I said, we're very good stewards of the money for sure.

The thing that gets me, though, is the whole economics of the wage thing. almost like companies like Walmart are starting to understand to, just starting, that more money in the economy understood we don't need to raise wages, because those raising of the wages actually does great for the economy It bolsters the economy. more to keep our best talent in the door- Chad: And we'll see how they act when the economy

that you buy them up on the cheap and then you look like a genius two, three years from now when the economy's from CNBC, the headline is there's a theory that stingy millennials are to blame for this sluggish economy Well, US personal savings rate is rising and it's holding back the economy. He wrote quote, savings rates are now high leading to excess supply seemingly everywhere in the economy Millennials, the selfie obsessed avocado toast loving generation might be behind slower economic growth

After 40 years of wage stagnation, trickle down economics that that never trickled down to the actual

testing and the jobs of the future, as well as how the current state of employment in America and the gig economy

Now in the last five years, you know, we've seen the growth in the expansion of the gig economy. I like to say being in the staffing industry for 25 years, it was the original gig economy. The gig economy has kind of been associated to B2C as well as thinking about the 1099 worker today. Joel (7m 9s): A five year old company is owning the gig economy acronym there, Chad. That's good. When we start to see more legislation that's starting to come down for the gig economy, they're gonna

Although the economy is growing. I think they're going to have a nice 12 to 24 months to do that. Maybe gets up to 30 if the economy really fires up and they have some good, some good quarterly earnings offer quote "remote work have skyrocketed over the past year," according to an analysis from LinkedIn's economic

Chad (9m 21s): I gotta thank, you know, our Columbia professor of economic Suresh Naidu for opening our

think we're going to move toward, and I don't think we're going to move quickly, to more of a shift economy So I think they're betting on a change in the shift economy. They're hoping for a change in the shift economy. I think a lot of that stuff has to do with if the economy is doing great, we have time for those.

The war in Ukraine continues to pull at the fabric of European economies and companies. Lumped into Ukraine, we talk about how the war could be impacting Europe economies on a macro level, sure you have some thoughts as well as Lieven on what Ukraine could mean for the future of Europe's economy Joel (33m 17s): I think undoubtedly, undoubtedly, this is bad for the economies of Ukraine and Russia Neil (34m 13s): I think economies will also scale because there's quite a lot of startups in Ukraine

We're talking handshakes, European expansion, economy and whack pods is a great one. Chad, what are your thoughts on the gig economy? And I think adding elements of the gig economy, those being flexibility, freedom, family time, taking That tells you where our economy has gone. Right? We're more of a fast food economy than we are a manufacturing economy, which is a problem.

of cool, and there are- Joel: From my perspective, this seems ripe for the gig economy That's just classic economic theory.

It actually goes back into the economy. That's going to be out there paying for stuff, which means it actually drives the economy more. Like trickle down economics.

This is the economy to be able to build in this industry, but those organizations are all focused on And overall, the broader economic scheme is $160 billion drag on the economy.

You have the gig economy, which for most part LinkedIn has no dog in that fight whatsoever. I think, I listen to a podcast called Pitchfork Economics. So therefore this new economy and this new money actually put more money in bank accounts and they were

Jerry (25m 11s): And I think to your point, I think COVID, this pandemic, which is probably the worst economic

The economic powerhouse, the Netherlands. So yeah, TMPs make an acquisitions.

Joel (35m 54s): A new piece of legislation, countering China's growing economic influence has passed

Chad (41m 5s): So the judge actually wrote the prop 22 appears only to protect the economic interest

According to the World Economic Forum, we are 202 years away from achieving gender equality in the workplace

The US economy is incredibly strong.

— Chad Sowash Nano-Influencers & The Gift Card Scam: An exploding $480 trillion creator economy and That is the knowledge economy, creator economy that's that they're estimating by 2027. This is an economy, it feeds itself, and people have doubted it for a really long time.

the population density now that we can distribute more, you can take that money into areas that need economic

And when things get little herky jerky, the economy, whatever, the Apex predator goes feeding. planet, has acquired Vouch, a hiring platform for creators to improve talent acquisition in the creator economy You mentioned gig economy. Those are struggling right now. Upwork is down.

Whether it's HR, TA, employment branding, economics, politics, we talk about it all.