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The Great Resignation? More Like the Great Renegotiation

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Re: The Great Resignation? More Like the Great Renegotiation

#221

Post by Sevii »

jonnycomputer wrote: post #174
bjourne wrote: post #104

"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 o…

Wage gains aren't actually that good. A lot of people are going to be surprised they moved up in tax bracket while their standard of living went down.

Re: The Great Resignation? More Like the Great Renegotiation

#222

Post by Ekaros »

francisofascii wrote: post #183
Waterluvian wrote: post #137

It feels fundamentally wrong that my employer cares at all about where I live when determining my 100% remote salary. Can anyone offer me rational arguments for why they shouldn’t just pay people based on what they offer the job rather than where they choose to live? Because it makes me salty to be paid half of what a colleague does because I’m in rural Canada and not San Francisco.

A better question is, why do they continue to pay the colleague in SF, when they can get another rural Canadian for half the price?

Or Indian, Eastern-European or African? Why not actually lower the prices to the global level? Wouldn't that be fair for everyone?

Re: The Great Resignation? More Like the Great Renegotiation

#223

Post by tejtm »

VoodooJuJu wrote: post #182
bjourne wrote: post #104

"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.

>All while the world's elites have doubled or tripled their fortunes Who and how?

unironically; them, us.

Re: The Great Resignation? More Like the Great Renegotiation

#224

Post by wonderwonder »

howmayiannoyyou wrote: post #23

> The Great Renegotiation is also a byproduct of inflation. Workers are seeking better pay to keep up with the rising cost of living. Keeping in mind small business is collectively the largest employer and contributor to US output... let's remember the coming rate hikes will greatly reduce available cash to small businesses that operate with credit lines, credit card debt or via home equity lines. That is a LOT of US…

like a war...

Re: The Great Resignation? More Like the Great Renegotiation

#225

Post by fundad »

dkarl wrote: post #69
PragmaticPulp wrote: post #19

Earlier quoted context omitted.

> 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…

Anecdotally from talking to a lot of people who are hiring, people who accept the going rates for work are having no problem hiring. People who are shocked at what workers can ask for right now and try to resist the change are having very little success hiring, whether it's software engineers or subcontractors or lab assistants. With service workers, resistance to paying what it takes has a compounding effect, becaus…

Demand for better pay and conditions has been bubbling for a long time, the Fight for Fifteen has been going on since $15/hr was a livable wage and then the mass layoffs of 2020 radicalized workers. And business owners are pissed.

Bernie Sanders ran 2 presidential campaigns and got a lot of airtime for worker power. And layoffs screw people over for short-term gain and then incur more costs when staffing up again. It is an embarrassing place to be in so businesses jump on the narrative of a great resignation.

Re: The Great Resignation? More Like the Great Renegotiation

#226

Post by thebean11 »

howmayiannoyyou wrote: post #132
MithrilTuxedo wrote: post #71

Earlier quoted context omitted.

Aren't small businesses best positioned to adapt to these changes? It's not like they're sitting on piles of cash or other investments that are losing value. If costs go up they'll have to raise prices, just as the prices for what they're buying went up due to rising costs further upstream. I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway (half do). I wou…

> I figured the pandemic cleared out most of the small businesses that would have failed within five years anyway PPP and SBA loans kept these companies alive. The bill hasn't come due yet. This is what people don't understand.

Aren't PPP loans fully forgivable if you met certain requirements? There shouldn't be any bill for most businesses.

Re: The Great Resignation? More Like the Great Renegotiation

#227

Post by vsareto »

Sevii wrote: post #221
jonnycomputer wrote: post #174

Earlier quoted context omitted.

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 o…

Wage gains aren't actually that good. A lot of people are going to be surprised they moved up in tax bracket while their standard of living went down.

That’s not how taxes work

https://www.investopedia.com/ask/answers/071114/can-moving-h...

Re: The Great Resignation? More Like the Great Renegotiation

#228

Post by AdrianB1 »

root_axis wrote: post #138
PascLeRasc wrote: post #128

Earlier quoted context omitted.

I received a 1% raise at my current job. My coworkers who worked evenings and weekends received a "100% positive adjustment of their raise" (2%).

A 1% raise seems insulting imo.

I got nothing for a couple of years in a row, then less than 1% the next; the HR guys said this is because there is a very low turnover, so there is no need to pay better. Companies to what they can, as much as they can.

Re: The Great Resignation? More Like the Great Renegotiation

#229

Post by anthonypasq »

dvtrn wrote: post #141
Zircom wrote: post #46

Earlier quoted context omitted.

To be fair /r/antiwork USED to be actually be about not working and discussions on how that might be accomplished(ex UBI or government works programs). But as it got more popular it quickly turned into what it is today, which is mostly fake screenshots of people telling their bosses off.

I was a long time reader of antiwork because of the former, and ended up leaving because of the latter. These days it’s absolutely reeking with stupendously bad takes about employment law and workers rights that in most cases aren’t actual laws and aren’t actual issues of “workers rights” just “shitty communication between functioning adults”. But that’s a story as common as blue skies and chirping birds: once your f…

once anything gets big, it starts to stink. Call me an elitist, but the average person has wretched taste.

Re: The Great Resignation? More Like the Great Renegotiation

#230

Post by slowhand09 »

bjourne wrote: post #104

"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.

"All while the world's elites have doubled or tripled their fortunes. Great Robbery would be a more apt name than Great Resignation."

I don't get it. Why does what they do have anything to do with what you or I do? Why does anyone begrudge someone else for being lucky, harder-working, in the right place at the right time, better looking, fitter, smarter, better at business, better at making connections, faster at learning, or anything else that helps them acquire more wealth? Was it at your expense? I've certainly been passed for hiring because someone found a better candidate. I've receive smaller raises than a co-worker probably because they did more impactful work. I'm sure I've missed opportunities due to office politics.

I guess this is where we should all whip out the "U mad bro?" meme.

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