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In This Economy, Quitters Are Winning (wsj.com)
An anonymous reader shares a report: Workers are choosing to leave their jobs at the fastest rate since the internet boom 17 years ago and getting rewarded for it with bigger paychecks and/or more satisfying work. Labor Department data show that 3.4 million Americans quit their jobs in April, near a 2001 peak and twice the 1.7 million who were laid off from jobs in April. Job-hopping is happening across industries including retail, food service and construction, a sign of broad-based labor-market dynamism. Workers have been made more confident by a strong economy and historically low unemployment, at 3.8% in May, the lowest since 2000. Ms. Enoch started getting interview opportunities the same day she began sending out applications online. The trend could stoke broader wage growth and improve worker productivity, which have been sluggish in the past decade. Workers tend to get their biggest wage increases when they move from one job to another. Job-switchers saw roughly 30% larger annual pay increases in May than those who stayed put over the past 12 months, according to the Federal Reserve Bank of Atlanta.
Seriously 'Quitter'? These are just people changing jobs; never mind the ones that were laid off or fired. I guess it's too much in the eyes of WSJ to let the peons change their allegiance. I guess they'd prefer the slave workers to keep working until the same place until they die; without raise. Since this is 4th of July, I give a big FU to WSJ and hooray for some independence and dignity for the average worker.
It will all come tumbling down. This is exactly the kind of out of control growth that happens before a recession.
It is becoming clear that the trigger to bring it down will be the trade war. The rest of the world is no longer at the relative disadvantage they used to be. They will simply isolate us and trade amongst themselves. The shifts are already happening.
One of the biggest shifts is happening in South Korea, one of our biggest trading partners and home of the leading chip maker in the world, Samsung. They are investing $30 billion to build a rail route to Russia through North Korea. It is the whole reason why Putin arranged the Trump/North Korea deal and, in conjunction with Trump's trade war, was the oil that lubed the deal for South Korea.
Maybe you got lucky, but paying you very well is not the Scandinavian model. They pay everyone moderately well, try to make it a nice place to work and give you a good work-life balance and hope you don't throw it all away chasing a few more dollars. If you really want to maximize your salary you probably need to do some job hopping here too but it doesn't have nearly the same benefit, like the CEO is often paid 2-5x that of a regular employee and everyone else is somewhere in between.
Live today, because you never know what tomorrow brings
hah, what a line. We have single payer in the US. The VA is terrible. They often kill veterans outright, routinely kill people by delaying health care, and cost the nation hundreds of millions of dollars in lost productivity through their ineptitude, strategic delays and malpractice.
As one of the millions with no medical, I'd love to have VA. My preference though is not to have single payer insurance. Instead, ban insurance or at least force equal pricing for all customers. I will then be able to pay the prices without a problem. Insurance is the root of the problem.
SUCK MY BALLS, you worthless TRUMP supporter.
Agreed. Having any job used to be respected but gradually some sort of expectation inflation crept in.... maybe it's the push to get more people into further education ? Or the shallow materialism that permeates our culture?