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Reply to "CFPB RIFs today"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Judge enjoining some or all of the RIF for right now! [/quote] What does this mean?[/quote] That CFPB employees will continue to get paid for doing no work. That's what "efficiency" means in this administration. [/quote] Well it’s efficient for people like musk who already or plan to operate digital payment platforms. It is good return for his investment— he gets no oversight at all into his activities, what’s a few million extra for govt salaries. [/quote] Good point. Except in 4 years, when there's probably a democratic president, all these fired CFPB'ers get rehired and go after musk's platforms! And also by then, nationwide injunctions will probably be prohibited so it will be much harder to attack new CFPB regs in the way that happened under Biden. I guess republicans haven't thought that far ahead.[/quote] That’s not how layoffs work. Old overpaid workers are not rehired. I got laid off my dream job in 2016 in at 54 with nearly all of us older overpaid people. They then hire much younger people to replace who are cheaper. People 20-25 years younger. Next President will be hiring class of 2029 to replace you [/quote] That may be a difference between fed and private sector. There's an explicit priority for rehiring RIF separated employees. It only lasts a couple of years but the existence of that benefit goes against your point. Plus I think there's much less age discrimination in gov employment in general.[/quote]
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