Workers across industries are experiencing unprecedented job dissatisfaction due to multiple interconnected factors: record-high job insecurity, management practices that demand more work for less pay, declining benefits packages, and rising costs of living that force many to 'unretire' and return to work. These economic pressures are affecting not just individual workers but entire industries, as seen in the trucking sector where companies have been accused of wage manipulation, and in Las Vegas where the hospitality industry faces challenges from construction delays, rising food costs, and changing consumer spending patterns.
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Everyone Hates Their Job Right Now - And It’s About To Get WorseAdded:
Hey, it's Dan. Welcome back. You're watching I Allegedly. And I've got a good one for you today. I am at the Forum Shops in Caesar's Palace.
And before everything opens.
So, it's just you and me walking through a bunch of closed stores.
But people right now are so dissatisfied with their job.
They're worried. They're completely off when it comes to job satisfaction.
And uh hit the like button, subscribe to the channel. But I'm going to give you some examples of this. Dr. Marvin sent me this great article that led me down this rabbit hole. And the rabbit hole is is anybody really satisfied with their job?
And lately no. No, they're not. Work is something we have to do. We have to suffer through this. And we have to all, you know, do more than we've ever had to do just to keep our job.
People are worried at a record pace. The highest percentage of people right now are worried that they're going to lose their job. The highest in recorded history.
What the people are dealing with right now. That's awful. Imagine you get there and all you're worried about is what am I going to do cuz I'm going to get fired.
That's terrible. That's absolutely terrible.
Now people relate it to a lot of things.
Management people relate it to the companies asking them for extras. Hey, Dan. We need you to come in on Saturday.
There's a great movie called Office Space that basically was ridiculous in that everything was, "Hey, you need to file this report." And finally one guy, Ron Livingston, says, "Hey, pass. I'm not doing it. I hate this place. I do everything I can to to go, you know, under the radar with you guys." And they bring consultants in to interview him.
And they consultants are like, "Man, this guy's dynamic. He's got such a good personality." Because he told the flipping truth.
I am in towards the beginning of the mall. This used to be a restaurant that they turned into the Gucci store. And you've got this big fountain that everybody comes and takes pictures at.
And And it's nice to be in here with nobody walking around.
But think about this. The days of going to work for somebody and here is your retirement program. Here is your 401k program. Here are your sick days. Here's the benefits. I mean, it's rare. My friend just got a job like that. And the commission structure, he says, is insane. And I'm like, "Wow, I think you're really one of the only people I know that's been hired recently that is excited about this new opportunity."
Now, remember I talked about that guy.
He was a guy that left uh you know, another company because his management was a bunch of clowns. The guys were not experienced, didn't challenge him, all that stuff.
But uh just a bunch of high end stuff. It's really It's a nice mall to walk around.
It gives you the illusion that you're outside when you're here. It's kind of cool.
But this goes to something else. And that is is management ripping us off?
Are they stealing from us? And one thing that I got a kick out of was another Dr. Marvin story is I got a trucking company sent to me where the trucking company was cheating the drivers.
Cutting them, you know, "Hey, listen.
Your load to Wichita is 1,248 miles.
We're going to pay you 900 miles." Huh?
Where's the other 300 miles come from?
No. No, this is what we're going to pay.
And they would do it retroactively after the fact and rip these people off.
Now, here's the thing.
I read a lot of trade industry stuff to get proper vetting on this stuff.
Because what you just don't want to have is you just want to have one person complain about working.
You know, you don't want that. You want to be able to have something real as far as real numbers and out of Freightways magazine, the entire trucking industry right now is going through a renaissance. And the renaissance is who's ripping off who?
Which is terrible. People are working longer than ever. People are driving longer than ever. We just had a shakedown to where they're giving uh commercial driver's licenses to people that are not qualified, that don't speak English, that are not giving their name. But hey, you want to drive a big rig truck?
I am telling you from driving to Vegas and when I drive home tomorrow it's going to be the fact that I'm going to stay away from every big rig trucker. I just get around them now. I I I used to think that these were the most experienced people in the world. They're insane. It It's ridiculous to put your life in danger driving around these people. But it is such a problem in the industry that it's just not your trucking company. You can read the story below, but there is a national investigation into getting people ripped off and how the drivers are getting taken advantage of. Wait a second. Doesn't this go to your dissatisfaction with your employer?
Nothing would be worse than stay later and there's lawsuits as far as all these people that are not getting paid what they're supposed to be getting paid.
Come on, man.
I'm in.
You know, it's It's ridiculous right now. Absolutely ridiculous.
Are you satisfied with your job? Do you think your job is good right now?
I don't know if anybody that wants to think that their job is good. We have the highest percentage of people right now that are un-retiring. What does that mean? Means you go back to work. It means you don't sit there and you're not happy and you know, you don't have enough money to eat.
Everything's so expensive. Think about it. Food went up 30%. How do you pay How do you budget for that?
I'm Mr. Budget. I'm Mr. Mr. Figure it out with everybody and you know, don't don't get screwed. I could continue walking down there, but I'm going to go back this way.
You have to know this figure, guys. You have to know what it costs you a month to live.
And you know I have more people that walk up to me.
"Hey, Dan. How's it going?" They like the channel, but they all say, "Hey, you know, we did our budget." And they don't tell me the amount. I don't want to know the amount. But they always tell me, "Hey, you know what's cool is we sat down and did that. It It makes it better because if we you know, we notice what we're spending now compared to at other times."
So.
Let me know what you think. There's more to cover on this.
I love walking through this place when there's just nobody around. And it's neat. It's neat to see all this.
Let me know what you think so far.
Don't forget that we have a private channel called I Allegedly Live. We talk about everything that you can't talk about other places. You go to I Allegedly.TV to sign up for that. Don't forget to sign up for our email list.
The link is below in the video description.
Now, two final stories. Broker Aaron sent me something great. The W Hotel in Philadelphia was delivered 3 years late.
3 years late. So, what happened? They got fined. The contractor got fined almost $150 million for delivering it late. Wouldn't that be great? This is going to make national news because people are sick of construction projects dragging on, the streets getting crowded. How about the people that own the building that couldn't sell out you know, their W Hotel.
Ah, it's just terrible. 700 rooms. Beautiful spot in Philadelphia, but no. It's closed. It's closed. Now Vegas is off. Vegas is completely slow.
Now, you can sit there and go, "Dan, you're walking through a mall when it's closed." I get it. That's not what I'm talking about.
Since uh 2020 90% of the revenue in Las Vegas comes from high end eating dining. Which it's great. I mean, this is the place to go.
Okay?
I like Carmine's. They got huge portions for their food. It's crazy how big those portions are. Um it's the type of thing you take six, seven people to and you order two items and they give you literally platters of food. It's Italian. It's great.
Now what you're seeing though is that's a pricey joint. It's not cheap to go eat there.
The other thing that you're seeing is that they're starting to get rid of the buffets.
I remember as a kid and in my 20s, you could come to Vegas and eat for you know, you get your 99 cent shrimp cocktail. You get the buffet you know, for 10 bucks. Uh I used to like to take my son to the South Point Hotel where they had a $6.99 steak and eggs from midnight to 6:00 a.m. That's like $12 now. It's crazy how everything keeps shooting up. You have nothing.
Now, what's happening? MGM Hotel getting rid of the buffet completely.
Getting rid of high uh you know, they're getting rid of that.
How much food could you eat for $100?
Seriously.
The Wynn Hotel, you spend over $100 for their buffet. I hear it's The food is amazing. I hear it's absolutely stunning.
Okay? But I I'm a guy that's, you know, doesn't a $100 for the food anymore. I'm not in my 20s anymore when it's just, you know, I'm a chow hound.
So, you're going to see more and more changes to this city. I am convinced that you're going to see a major bankruptcy. Caesars Palace that I'm walking through right now, it looks like they're going to be sold to Tilman Fertitta.
Who's he? He's a restaurateur, part of the Fertitta brothers. And he owns the Golden Nugget, and it looks like he's going to try to buy all of Caesars Palace hotels, the eight properties.
Which would not be good.
Who knows?
If you guys come here, couple good spots. I mentioned Carmine's, the Palm restaurant, ask for Lopez.
He's a great server there.
But, just a great, great restaurant. Get the hash browns, too. It sounds crazy when you get a steak, but they have these great, crispy hash browns at night. So, what do you guys think?
I think Vegas is off, guys. I think it's broken. I really do.
Hit the like button, subscribe. If you hate your job, you're not the only one.
Remember that.
You guys are pissing me off, by the way.
I'm kind of tired of this.
I'm going to check in late tomorrow.
Anyways, like, subscribe. I'll see you soon. You want to get a hold of me, it's I allegedly, it's [email protected].
See you soon.
>> [music]
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