KFI, President Trump, Wayne discussed on Mark Simone
Gotta know under shut up. There are times when silence has the loudest voice. KFI AM six forty two Bill Handel show. Bill off today. He'll be back tomorrow. We still give you moolah Monday. And here he is the moola Monday maven guy odometer good morning, sir. Wayne, Wayne, Wayne and show not so Vaa for all our Jewish friends that are celebrating the new year. I don't know the number of the year. I should but, you know, happy new year five thousand something five thousand something seventy nine. Thank you. Jennifer. Downtown. Are you ready to talk about you wanna talk about money? But I really like what you did there with that. Sometimes silence speaks and then you had that silent. Pause. That was genius. Yes. Well, you inspired it with that. And that is such profundity from you. Profundity is what I'm good at. Let's see about this ready. Go job hopping when the labor market's tight should people be looking to job hop. Well, that's that's what people are doing. In other words. There are a lot of jobs out there not enough workers. So people are hopping from job to job. They're actually quitting jobs before they have new ones because they think they'll be able to get a better job higher paying jobs somewhere else. And that's proven to be true. And so I can understand why people would be doing that. But on the flip side of that coin is now if you found something that you enjoy and that you're good at sometimes it's good to plant roots as well. I mean, maybe stay in a job for more than six months and build yourself a career. So although I see what's going on in this tight labor market and President Trump just recently tweeted that the unemployment rate is now lower than the GDP for the first time in one hundred years whether or not that's true. And that doesn't matter, but you get the point, you know, the job market is tight, and there are jobs. Out there and not enough workers. But again like for you, for example, you love what you do it. You're very good at it. Could you go and find a higher paying job somewhere else? Maybe would you be as happy who knows? I mean, sometimes there's something to be said for just putting down some deep roots in watering that fertile ground. Is this a short live Doppler -tunities for? Yeah. Because hundred percent first of all I'm thinking this number one will employers start to give people raises to keep them from doing this. You're seeing it. Yes. You're seeing it you saw it with the tax cuts when President Trump announced those you saw a few dozen companies come out and say, we're giving our employees bonuses and those types of things so yes, you will see employees earth now paying their workers more. But that's economics. That's supply demand stuff. Right. The if the job market's tight, and you wanna hold onto your employees. That's that's good. And does. Good job for you. You're gonna have to pay her or him more. That's just the way it works. But to your original question about this won't be short-lived. Absolutely these cycles. Come and they go quickly. And you know, if you wanna play that game of musical chairs, you'd better just make sure the music still playing you know, what I'm saying. Because let's say, yeah. Because for an immediate advantage of three or four percent higher wages. Aren't you kind of damaging your resume looking down the road? Think about it. You want to be one of those you don't wanna be a hired gun. Right. Because then the biggest when this thing does turn you guess who's going to have the bulls eye on their back? It's gonna be you the people that are true and stick with companies in good times and bad. My sense is the employees urge will give you the benefit of the doubt. You don't want to be one of these people that has seven jobs listed for work over the last three and a half years because that speaks volumes it might work to your. Now. But in the long run, I think its deleterious to your career. That's a good word. Deleterious? Yeah. All right. Let's move onto something else. The trend of young people. Getting roommates is something you you hesitated. You're gonna use the word then you thought I was going to use the m word millennials? But then I thought young young people probably covered it people are. Yeah. There is a trend. Well, there's a number of trends. But this this trend of cohabitation of people having roommates not necessarily just in college and not necessarily in your first or second year out of college. But later in life. I mean, that's clearly growing number of reasons why I think a it's cost effective, right? And I think people live differently now, they're they're not getting married as quickly. They're they're staying single. There may be bouncing from town to town to to your point earlier. So I do think there's this trend of this cohabitation where you know, if you can rack up went with two or three your friends. I mean that works to your benefit. This is not a new thing at all, right? Because back in. I mean, if you go back even a couple of hundred years when people started to move into the cities to get work in the nineteenth century, you had an I don't know if we even have these anymore. Do we still have boarding houses? I I don't know. But it's a great deal. You bring up a great point I met a gentleman couple of weeks ago, whose father did exactly that he moved here from Poland with a bunch of work of friends is they all lived in some sort of an apartment building. And to your point they did it because they had to and then no other choice. So it's not a new phenomenon necessarily. I just think it's something we're talking about now because it used to be more. And I say this respectfully more the working class thing. Now, it's become I think young professionals are doing it as well. So the the I guess only the names have changed to quote assault. I'm here in southern California. There's so much coverage of the the insane housing costs insane rent prices. And so when you hear the headline that millennials are having more roommates the assumption is oh because they can't afford to get a place on their own. But you're saying that actually a lot of this doesn't have anything to do with the economics of housing. It has to do just with lifestyle. I think so I mean, I think maybe the statistics will bear out that it's a cost thing. But I also think it's a lifestyle thing. I think that's. If you look at the housing market, specifically, I mean, people are going away from these big houses, and they're really downsizing. And I think people especially younger people wanted different type of lifestyle. And I think part of that is living with friends, and again, I'll use the word cohabitation in places that they wouldn't be able to afford necessarily on their own. I think there's a lot of things that are appealing again, though. It's great when you're in your twenties and early thirties world changes. So as you get older, so I'm not certain how. It ain't gonna work from me. Let's put my wife, and I are going to say Leo, go live with a couple of buddies and see how that works out. I mean, it's not a friends episode. What if anything could this trend do generally to housing prices for housing prices? I think it's I think it could be a negative for housing prices. I think what you're going to see is what you've seen as rents continue to sort of trend higher, although that seems to have tapered a bit. But I think there's going to be it's going to be a level of the housing market certain houses that are just not appealing to people anymore. I think at the high end is always going to be an appeal, and I think obviously at the low end there's gonna bit appeal on the cost, but it so this middle bucket or upper middle bucket. People aren't buying it in the in in in our for example, the one point two million to one point seven million dollar homes for whatever reason just don't seem to move. Move. And I think it's that middle ground that people don't want anymore. The upper end is always going to be there in the lower end as well. But I think it's really taken up taking a bite out of that whole middle rung of housing. It's so cool that you just said taking a bite out of it. Because when we come back wanna talk to you about the economics of stuffing our faces at the sports stadiums. Is there some things happening in that regard? That's good to me. All right guy. Adama we will continue its moolah Monday on the Bill Handel show. KFI AM six forty Jennifer Jones, Lee, some new sleeps. The FBI is investigating an incident near the port of entry yesterday when a US border patrol agent was shot at but not injured while he was driving Berkane Florence's rapidly gaining strength and expected to become a major hurricane very soon. Disturbance rejected. Take aim at North Carolina, South Carolina and Virginia later this week. And the US is closing the Palestine at the Palestine Liberation Organization office in DC. The Trump administration says alestinian aren't taking steps needed for meaningful negotiations with Israel. We'll take a look at the ninety one because we've got some clearing their KFI in the sky is next. If you see those little bugs flying around your home, those are probably termites, and they're trying to make your home their home. You don't want that to happen? Your house could actually be in real danger. So call for a free inspection from Pacific coast..