Can we please stop calling it “The Great Resignation”? People are tired. Companies are still trying to return to pre-pandemic practices that weren’t even working prior to 2020. Companies are incentivizing new talent with crazy sign-on perks/bonuses while completely disregarding the staff that kept them afloat through mass layoffs and doing more work with less people. If anything, let’s call this “Career Revitalization”. The companies who pivoted and contine to innovate are winning. Those who are “returning to how it was prior to the pandemic” are losing. Simple as that.
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Women, help me understand why this is inspirational
“The Great Resignation” = “People realized they don’t have to put up with crappy policies, culture, and pay and are using their mobility to find better because your company won’t do better.”
How's Nike handling it?
People realized? Well ok then...
Demand > Supply. If the situation reverses, things will go back to how they were. It's all about who has the bargaining power.
^this mofo gets it
This guy fucks
People that stayed on and did not get the RSUs, or work for a company which did not shoot up in the pandemic are the real losers. Including me.
Go back to Leetcode please. It is not late.
I work in hardware. So no LC. I graduated from college just before the pandemic, so not much time to jump ships.
“The Great Upgrade” seems more fitting.
This is IT!!
Indeed 😉😉😉😉😉
It’s a simple demand and supply problem. Why are we even talking about it?
Hot take. This isn't it. Supply and demand don't account for the externality that is treating content long term employees like crap. Period. What we're seeing doesn't happen in the supply and demand economics that treats all else as equal. Workers who were content to have employ are waking up to the fact that a 10 year commitment doesn't have the wage succes that switching every 2 years does. Simple as that. It's an educational awakening. And I'm here for it. Companies have long profited on employees who thought it was better to have a job than to knock on doors to find one. That was never true, and those two aren't mutually exclusive. Same goes for the restaurants who are hiking prices because of the pandemic and then keeping them there. Price elasticity might be working in your favor now but competition is going to be amazing when the supply chain normalizes again. We are in the new age of customers and producers having the winning impact on the economic output of the situation. Screw supply and demand and absolutely screw every single middle managed overgrown enterprise that put profits over people. Enough the fuck is enough.
I mean, if the long term employees are NOT happy because they get “treated like crap”, they can go elsewhere. If they’re employable and desirable (ie the demand for them is higher than the number of people who have their skill), they’ll get to a better place. Else, they’re screwed. Companies don’t owe anything to people. Profits over people is how you make money. So does Google, and that’s why you get paid decently.
Usa media like to add great to everything. Great depression, recession, resignation....
The Great Great
MAGA
What’s the problem? People are quitting, whether they found a new role or they’re taking a break. Resignation = quitting and there are a lot of people resigning. I don’t see any issues with it
The great resignation will likely be followed by the great APR after Christmas. Saw a Reddit post where even minimum wage workers had quit and were celebrating how it worked for them. It’s only temporary as long as they exhaust their savings. With crazy inflation rates and post holiday realization, people will learn it’s not it for them. Credit card debt will increase and people would get back to job. Will then see if retail changes their employee policies. Im curious to see how it will be in Jan-Feb.
My thought too
Not wholly accurate: credit card balances seem to be down. https://wolfstreet.com/2021/07/08/with-stimmies-fading-consumers-dip-into-credit-cards-for-first-time-since-2019-but-only-a-little-everyones-relieved/
Everyone is quitting to play Axie Infinity and make money on the Metaverse instead. Buy AXS by the truckloads.
I want whatever drug you’re smoking
Good old cannabis bro. Pineapple express all the way. 🚬
What on earth are you on about?
How is McAfee?
@sudoqueue Dead. https://www.npr.org/2021/06/23/1009579599/john-mcafee-software-pioneer-found-dead-in-a-spanish-prison-cell