Scary Charts – 12.04.25

Through November, employers have announced 1,170,821 job cuts, an increase of 54% from the 761,358 announced in the first eleven months of last year. Year-to-date job cuts are at the highest level since 2020 when 2,227,725 cuts were announced through November. It is the sixth time since 1993 that job cuts through November have surpassed 1.1 million. Challenger Report: 71,321 Job Cuts on Restructurings, Closings, Economy https://www.challengergray.com/blog/challenger-report-71321-job-cuts-on-restructurings-closings-economy/

Yikes.

In my less than illustrious career I’ve suffered 100% reductions in income multiple times. Hopefully the newly unemployed have some form of a fallback plan.

Stay safe. It’s fugly out there.

Scary Charts 12.01.24

Office CMBS Delinquency Rate Spikes to 10.4%, Just Below Worst of Financial Crisis Meltdown. Fastest 2-Year Spike Everhttps://wolfstreet.com/2024/11/30/office-cmbs-delinquency-rate-spikes-to-10-4-just-below-worst-of-financial-crisis-cre-meltdown-fastest-2-year-spike-ever/

Yikes.

The world’s worst countries for binge-drinking https://www.statista.com/chart/5357/the-worlds-worst-countries-for-binge-drinking/

Yikes.

Which Lifestyle Changes Can Make You Live Longer?https://www.statista.com/chart/31766/reduction-in-the-risk-of-premature-death-after-age-40-when-sticking-to-the-lifestyle-factors/

Yikes.

The Worst U.S. States For Binge Drinkinghttps://www.statista.com/chart/12345/the-worst-us-states-for-binge-drinking/

Yikes. But a great day for Scary Charts!

A Broad Range of Flexible Retirement Arrangements

A Phased Retirement Program

Emory University is one of the few employers that offers a phased retirement program. Here’s a breakdown of how its program works:

  • The phased retirement commitment must be for a defined duration, spanning a minimum of six months to a maximum of three years.
  • Throughout this period, you’ll adjust your work hours, reducing them by anywhere from 10% to 50%, while maintaining a minimum of 20 hours per week.
  • By participating, you agree to retire at the end of the specified time frame.
  • Your pay will be adjusted to reflect the reduced workload during phased retirement.

Source: Phased Retirement: What Does It Mean And How Does It Work? — https://www.thepennyhoarder.com/retirement/phased-retirement/

Sign me up (when I’m ready).

Scary Charts – 08.19.23 (just a few loosely connected stories)

Every employee probably knows the difference between productive work and what a new report by software company Slack calls performative work – merely looking but not actually being busy. The data in the release shows that workers in some Asian countries – namely India, Japan and Singapore – seem to spend more time appearing to be working than employees in other places.

While Indians spent 43 percent of time in performative work, that number was 37 and 36 percent in Japan and Singapore, respectively. For comparison, U.S. respondents and those from Germany said they only appeared busy for 28 and 29 percent of the time. One outlier in Asia was South Korea, also with a low of 28 percent of work hours spent in “pretend mode”.

Who’s Only Looking Busy at Work? — https://www.statista.com/chart/30591/performative-productive-work/

And now we have a new productivity mantra…

Now that you’ve taken a break and worked on the root causes of your problem, it’s time to embrace a whole new mindset around work, money, and success. This is going to sound radical, but I want you to give yourself permission to achieve less.

The latest productivity mantra that we all need: ‘Achieve less’ — https://fortune.com/2023/08/16/latest-productivity-mantra-achieve-less-careers-mental-health-stress/

But The Boss may not agree with this new mantra…

While the debate over productivity in a remote office setting continues, one Australian woman is fighting back against her employer after being accused of not typing enough while working remotely.

Remote Employee Fired for ‘Low Keystroke Activity’ During Working Hours After 18 Years of Employment — https://www.entrepreneur.com/business-news/remote-worker-fired-for-low-keystroke-activity/457578

There’s a new description of the ideal job…

A lazy-girl job is any job that can be done from home within the standard 9-to-5 and has undemanding tasks and easygoing managers.. the jobs pay enough money ($60,000 to $80,000) for a young adult to live off but not feel pressure to work above their contracted hours.”

The term was coined in May 2023 by Gabrielle Judge, a 26-year-old career influencer. Judge told The Wall Street Journal that she was aware the word lazy would have a negative connotation, but she wanted to spark a conversation. “Lazy-girl jobs aren’t roles where you can slack off,” she said, “but career paths where your work-life balance should feel so awesome that you almost feel like you’re being lazy.”

Lazy-Girl Jobs Are Trending with Gen Z—Here’s How to Find One — https://www.rd.com/article/lazy-girl-jobs/

“Lazy-girl job” is one of the worse uses of the English language I’ve encountered because the use of the word “lazy” is bad. Really bad. The definition of any job done from home with undemanding tasks and easygoing managers is also bad. Really, really bad. A friend once told me the key to his success. With most jobs and careers the majority of us will be average performers (think bell curve). All you need to do to put yourself on the path to success is to be a little better than average. This lazy girl job thing is cultural acceptance of average or worse than average.

Working hard is not a guarantee of success. But not working hard is a guarantee of failure.

Going Back to the Office? (You Can’t. Not now. Not Ever)

People with talent and high-value skills, like most technology workers, aren’t returning to traditional offices.

How to lure employees back to the office? You can’t. Not now. Not ever. — https://www.zdnet.com/article/they-really-arent-going-back-work-from-home-is-here-to-stay/

I started working from home in 2006. I love reading articles on topics I already know a lot about.

The future of knowledge work will be a hybrid. A small percentage (like myself) will WFH 100% of the time and an even smaller percentage will work in an office 100% of the time. Most will travel to their offices a few times a month and WFH the rest of the time.

I drove a 2006 Ford Taurus for nearly 15 years and didn’t pass 80,000 miles. (short commute)

My business casual attire consists of jeans and a tee shirt.

Coffee is cheaper and tastes a lot better than office coffee too.

Need Retirement Income? – (Life Underwriters Need Not Worry)

The total number of life insurance policies sold rose 8% in the first six months of the year and marked the highest such growth since 1983, LIMRA said. And there were other indicators in that same data that pointed to positive signs: Total U.S. life insurance premium increased 21% in the second quarter 2021, the largest year-over-year increase since third quarter 1987; in addition, it was up 18% for the first half of 2021 compared to the prior year.

Life Insurance Sales Are Up, But for How Long? — https://news.ambest.com/articlecontent.aspx?refnum=313837&altsrc=2

I know who you are and I know what you want. If you are looking for ransom, I can tell you I don’t have very much money. But what I do have are a very particular set of skills; skills I have acquired over a very long career. Skills that are currently in short supply. Skills that I can and will take to the highest bidder.

The Supreme Commander

I last posted about my upcoming retirement in More Retirement Income Ahead!

I need to start referring to my upcoming retirement as What Retirement?