i changed careers and leveraged it into a business.
Changing career from desk job to desk job and working full-time is strictly speaking not part of the GR, your macro impact isn't the same.
Ask HN: Are you part of the Great Resignation, if so what's your story?
11–20 of 56 posts
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#12Close, but I decided I'd stick it out and try to keep the job. It took me __so__fucking__ long to replace the one I lost at the start of the pandemic, that I just can't risk or want to go through that again yet. Otherwise, I absolutely value free time over marginal gains, if I was rebuilding from zero.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#13Earlier quoted context omitted.
This is the mystery, precisely why I wanted to ask the question. Some of it is due to asset prices going through the roof (real estate in some western countries have doubled over the last 3 years). But this can't be the sole reason. For one thing it is hard to monetise asset prices to get cashflow. But the truth is it is one gigantic puzzle in the macro economics world and you just have to read some central banker tr…
Usually the whole science of econ is predicated on trying to keep preferences fixed and then seeing how all sorts of shocks impact behavior. But, perhaps, COULD IT just be that this one time, with this once-in-many generational event, that people's outlook and perspective on their lives truly did change and preferences, all else equal, did in fact shift massively so people have been quitting/making less money/changin…
It could be, assuming the country is so wealthy that it can feed and house lots of people working less. But we are yet to pay back all the money spent on Covid, so it would be very surprising if this state of affairs remains.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#14I only know 2 people that have actually opted out of working and for both of them, they are married and made that change for childcare. Personally I took an opportunity to upgrade my title & pay and so have a lot of people in my LinkedIn.
The rhetoric in tech has been that you need to change jobs every few years to keep a competitive pay because companies will reward your complacency with uncompetitive raises. To me it just seems like a lot more people are buying into that now than previously.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#15Earlier quoted context omitted.
This is the mystery, precisely why I wanted to ask the question. Some of it is due to asset prices going through the roof (real estate in some western countries have doubled over the last 3 years). But this can't be the sole reason. For one thing it is hard to monetise asset prices to get cashflow. But the truth is it is one gigantic puzzle in the macro economics world and you just have to read some central banker tr…
Usually the whole science of econ is predicated on trying to keep preferences fixed and then seeing how all sorts of shocks impact behavior. But, perhaps, COULD IT just be that this one time, with this once-in-many generational event, that people's outlook and perspective on their lives truly did change and preferences, all else equal, did in fact shift massively so people have been quitting/making less money/changin…
It could be, but this would be an extraordinary claim requiring extraordinary evidence. A huge chunk of society suddenly changing their outlook on wealth and work-life balance and then committing to a radical new lifestyle as a result would be a major deal, like a country embracing a new religion.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#16I only know 2 people that have actually opted out of working and for both of them, they are married and made that change for childcare. Personally I took an opportunity to upgrade my title & pay and so have a lot of people in my LinkedIn. The rhetoric in tech has been that you need to change jobs every few years to keep a competitive pay because companies will reward your complacency with uncompetitive raises. To me…
I think all the behaviour you mentioned is not part of the GR. Changing desk jobs or getting new title/promotion doesn't have the macro impact I am talking about. It is more about people quitting desk jobs for entirely different sector (farming, nursing, RE development, day trading,....) or just radically cutting out time they work.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#17I hear all these stories about people quitting like that, but how are they paying/how did they think they would pay the bills? I'm very curious.
At least from what I'm seeing, most people are not quitting and doing nothing. The ones I've seen are taking other jobs. I had two coworkers quit my pervious team and took jobs that have remote options and higher pay (2x in one case).
I think we're seeing people take early retirement (and some increase in mortality/disability) and the higher than usual vacancies they're leaving create an effect where people get hired or promoted into those spaces. The ones who get promoted then leave a vacancy at the lower levels for other to jump into. The increase in wages over the past couple years is enticing people jump around, which I believe is creating a lot of inefficiency (along with potential burnout), which is leading to companies increasing headcount to try to make up for it, while exacerbating the labor supply issues.
But who knows...
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#18It did. But recently, with Russian aggression, inflation and looming crisis, I've become the part of The Great Coming Back.
It is indeed expected that if asset prices collapse, the Great Unresignation might become a thing and in a very ugly way. An alternative more rosy scenario is that the Great Resignation becomes even more entrenched leading to a radical change in society such as 4-days week becoming normalised or mass support for UBI.
Why would 4 day weeks become a thing? Why would UBI? I see the trend snapping in the "unresignation" direction before employers or society start the UBI or 4-day path.
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#19It did. But recently, with Russian aggression, inflation and looming crisis, I've become the part of The Great Coming Back.
It is indeed expected that if asset prices collapse, the Great Unresignation might become a thing and in a very ugly way. An alternative more rosy scenario is that the Great Resignation becomes even more entrenched leading to a radical change in society such as 4-days week becoming normalised or mass support for UBI.
maybe the four day work week as a way to entice people back into the workforce, but there is no way UBI is going to be helped by the great resignation.
You know all those people who just quit with no plan, they need money now, let's do UBI. Seems like a hard sell
Re: Ask HN: Are you part of the Great Resignation, if so what's your story?
#20i changed careers and leveraged it into a business.
Changing career from desk job to desk job and working full-time is strictly speaking not part of the GR, your macro impact isn't the same.
How do you mean? The opening of the referenced article is literally: "The GR is people saying, 'Whatever the situation is, I want better'".
How would quitting/resigning a job and moving to a new one that offers better aspects not qualify?