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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.
Well, why is that surprising?
American companies are known for exploiting their employees, treating them like shit, paying them as low as they can, and firing them as soon as they can. I, for a change, have job that I'm unlikely to leave any time soon. Why? Because they're paying me a very good salary, and they're treating me very well. They see the human part in their employees, unlike Americans who see their employees as disposable machines. I don't work in the USA, but I used to work for 2 American companies. Now I work for a Scandinavian company, and I love it.
A job is something you stay at. Long term benefits traded for long term benefits on both sides, including protection.
A gig is short term. A stepping stone. You don't stand for long on any individual stepping stone. Great upside in a rising economy, with a potential downside when the economy falters. There's still a trade of benefits. That part doesn't change.
Both can be called careers. That's the personal development side. Beware however, employees and employers both. You reap what you sow.
I know dozens of people stuck at dead end jobs because they can't go 90-180 days w/o health care. Only the top tier stuff has day 1 health care. This is one of the big reasons I want single payer in America (besides that it saves $17 trillion over the next 10 years. Seriously, we could pay off the National Debt in my lifetime). Wanna see wages go up across the board? Give everyone healthcare so they can demand higher wages. Rising tide/all boats and all that.
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American companies are known for exploiting their employees, treating them like shit
In Japan, many Japanese workers work to death.
Same thing happens in Korea, Taiwan and China.
In Bangladesh, workers are routinely locked inside the building they work in and many had been burned to death when fire broke out.
In India, employers have been known to beat their workers to death.
If you are thinking that only American companies treating their employees like shit, please wake the fuck up and smell the coffee.
All companies are alike. To the bosses, their workers are slaves , to be worked to death, without pity.