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The Great Resignation? More Like the Great Renegotiation

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171–180 of 520 posts

Re: The Great Resignation? More Like the Great Renegotiation

#171

> spectacles like the immense popularity of the "Anti-Work" thread on Reddit — have gone as far as to suggest this record-breaking trend is a movement of young, able-bodied Americans rejecting work altogether. I don't think this is the point of "anti work". The point is (to me) that people should be treated equitably at work and that work shouldn't be the center of our lives

Most of the posts on that subreddit seem like fake stories, there's no proof required to post. Most of the top posts every month sound almost the same, titles like "My boss said i couldn't leave" for click-bait with a screenshot of what sometimes just looks like a word doc.

Perhaps true. But just these last few days we have corporations actually getting temporary restraining orders to prevent people from going to work for another company and requiring the other company to "make available" to them those people who had quit their job and serve out their notice.

Thankfully that TRO was dissolved, but nonetheless.

Re: The Great Resignation? More Like the Great Renegotiation

#173
post #157

> "Yet, despite all the quitting and renegotiating, the real wage for the average American worker — meaning the true value of their paycheck after taking into account inflation — fell by 2.4% in 2021." Because most are still not moving. If a worker won't leave under these conditions, there is no reason to ever give them a raise as you don't need it to retain them.

Should it be the worker's duty to constantly be searching for better opportunities and interviewing for new jobs while working - or the employer's duty to provide reasonable CoL raises so employees aren't driven away from the company?

I don't think either side owes the other anything. But that goes both ways and it can mean losing half your staff in a year for a business and training workers who have no loyalty to your business.

Re: The Great Resignation? More Like the Great Renegotiation

#174

"Yet, despite all the quitting and renegotiating, the real wage for the average American worker — meaning the true value of their paycheck after taking into account inflation — fell by 2.4% in 2021." All while the world's elites have doubled or tripled their fortunes. Great Robbery would be a more apt name than Great Resignation.

My understanding is that the bottom of the wage scale have seen the biggest gains, in real terms (https://fortune.com/2021/12/10/inflation-wages-low-income-wo...). Its the middle and upper middle class that are being made (a little) poorer by inflation. A fine trade-off imo. And given the asymmetry of the risks policy makers faced (great depression vs higher than average inflation), they wisely went with the risk of inflation.

And its not clear that US federal spending is causing the inflation. Month-on-month, the trajectory has been remarkably similar between US, UK and EU.

https://econbrowser.com/archives/2022/01/inflation-us-vs-eur...

Update: I think some people's views of this are skewed by the prices in the places they live. It's worth while doing the comparison of what can be bought for about 1.4 million, in Roanoke:

https://www.zillow.com/homedetails/15-Cardinal-Rd-SE-Roanoke...

and in Los Angeles:

https://www.zillow.com/homedetails/2495-Butler-Ave-Los-Angel...

Re: The Great Resignation? More Like the Great Renegotiation

#175
post #59

Earlier quoted context omitted.

It is a time tested political tool to capture power by redefining the narrative. It's very effective as is the other strategy of manufacturing crises like the teaching of critical race theory in K-12 school or having to wear masks in schools.

I actually support masks in schools. There's solid scientific evidence backing it as a mechanism to help limit the spread of COVID. Until all ages are able to be vaccinated, it seems like a prudent course of action. It's unfortunate that people are trying to turn such things into political statements.

[deleted]

Re: The Great Resignation? More Like the Great Renegotiation

#176

Earlier quoted context omitted.

It is

I started at a company in mid January, and they did annual reviews in June/July. After review, I 'merited' a 4% raise. But... because I'd only been there since January, they prorated the 4% raise to 2%. I never quite understood their logic, but also didn't stay through the end of the year. EDIT: this was... 2004/2005 era.

IMHO quite generous by them, in my former companies you skipped the raise talk if you joined less than 9 months ago. Makes sense, because you just negotiated your salary on entry.

Re: The Great Resignation? More Like the Great Renegotiation

#178

Earlier quoted context omitted.

What's up with all the language games lately? "Defund the police". No no, we don't actually mean defund the police... "Anti work". No no, we don't actually mean we're anti work...

Yeah wtf, Hacker News shows me next to nothing about cutting/chopping things down with repeated blows.

Isn't that what comment sections are? /s ;)

Re: The Great Resignation? More Like the Great Renegotiation

#179

Earlier quoted context omitted.

I started at a company in mid January, and they did annual reviews in June/July. After review, I 'merited' a 4% raise. But... because I'd only been there since January, they prorated the 4% raise to 2%. I never quite understood their logic, but also didn't stay through the end of the year. EDIT: this was... 2004/2005 era.

IMHO quite generous by them, in my former companies you skipped the raise talk if you joined less than 9 months ago. Makes sense, because you just negotiated your salary on entry.

> Makes sense, because you just negotiated your salary on entry.

Not really, as in this field that is about halfway through your tenure. Market has certainly shifted a lot in 9 months past.

Re: The Great Resignation? More Like the Great Renegotiation

#180
post #2

"The Great Resignation" feels a bit like a phrase that folks have grasped on to and just attach the narrative they want to believe to it. Constant articles and such with very little data. Very frustrating as a reader. The idea that amid a pandemic and such that there are a variety of reasons seems backed up by the data, although I admit that's what I'm inclined to believe / seen.

> Constant articles and such with very little data. Very frustrating as a reader. Actual resignations are up slightly, but the idea that employees are quitting in droves is exaggerated. It’s higher than normal turnover, but the stories are written in ways to suggest that companies everywhere are gutted by employees leaving in bulk. I feel like “great resignation” was deliberately chosen to mislead people into thinkin…

I believe in the great resignation within the leisure/restaurant industry. Waiters and chefs live mostly off tips, and the COVID limitations have deprived them from those earnings.
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