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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

#71

Post by MithrilTuxedo »

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…

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 wouldn't assume the small businesses left would have as much trouble with inflation as larger ones that operate at greater scales with tighter margins.

Re: The Great Resignation? More Like the Great Renegotiation

#72

Post by loa_in_ »

tjr225 wrote: post #42
ashtonkem wrote: post #14

Earlier quoted context omitted.

This is roughly the equivalent of a reporter quoting a tweet as “people are saying”. Anti work is angry about work conditions, there doesn’t seem to be any evidence that they’re all quitting to lounge about. In fact, there are tons of stories there about people quitting bad jobs to get better jobs.

So would you say that they aren't actually... anti work?

Matches what the antiwork subreddit defines itself as in it's sidebar

Re: The Great Resignation? More Like the Great Renegotiation

#73

Post by vsareto »

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…

I kinda feel like we’re headed for stagflation at this point. I don’t even think we can stimulus our way to temporary reprieve.

Re: The Great Resignation? More Like the Great Renegotiation

#74

Post by [deleted] »

ReaLNero wrote: post #44
steelstraw wrote: post #28

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...

It's catchy, it attracts attention, and it makes people learn what the movement is about. It's one thing to say "defund the police", and it's another to say "penalize police brutality, take police funds and use them to fund social workers trained to disarm situations without using violence, etc."

[deleted]

Re: The Great Resignation? More Like the Great Renegotiation

#75

Post by mlac »

scythe wrote: post #56
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…

>unless some magical productivity innovation or goods/services advance emerges But there has been the development and deployment of a major productivity innovation over the last two years. It's called Zoom. Or WebEx/Teams/Meet/etc. And while it doesn't work for everybody, the fact that tens of millions of people suddenly have experience working and running their business remotely means that if it does work for someon…

I think about stagnating innovation, and think that Zoom/Webex focus tends to keep things in the status quo.

I’ve just got a feeling that there will be some hidden cost to innovation at large companies (less chance encounters) and a hit to culture (building a good remote culture is really hard) over time. These are not easily quantified, and I’m not sure the costs outweigh the benefits of a remote work force (health and safety, candidate pool, retention, flexibility, etc.).

But it may be a trend in 5-10 years where companies with an in-person focus start eroding market share of remote-first established companies.

Re: The Great Resignation? More Like the Great Renegotiation

#76

Post by citilife »

PragmaticPulp wrote: post #19
duxup wrote: 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…

> Actual resignations are up slightly, but the idea that employees are quitting in droves is exaggerated.

Official numbers are up ~50% between Nov 2020 and Nov 2021. IMO official numbers dramatically increased as vaccine mandates occurred and under reported.

https://www.bls.gov/news.release/jolts.t04.htm

Nov 2020 -> Nov 2021; percent change by region:

Northeast 1.8% -> 2.5%

South 2.8% -> 3.5%

Midwest 2.3% -> 3.1%

West 2.0% -> 2.8%

Re: The Great Resignation? More Like the Great Renegotiation

#78

Post by standardsam »

thesuitonym wrote: post #60
steelstraw wrote: post #28

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...

[flagged]

defund: verb. prevent (a group or organization) from continuing to receive funds

Re: The Great Resignation? More Like the Great Renegotiation

#79

Post by chinchilla2020 »

PragmaticPulp wrote: post #19
duxup wrote: 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…

News articles written about it are full of provocative statements like "Workers are quitting in droves". "Employers are desperate for staff".

Most of the examples they cite are restaurants.

Re: The Great Resignation? More Like the Great Renegotiation

#80

Post by ashtonkem »

soheil wrote: post #43
lkxijlewlf wrote: post #33

Earlier quoted context omitted.

Wages are going to have to go up. House prices aren't going to come down, rent isn't going to come down, used car prices may come down but not to levels in the before times and only if new car prices don't skyrocket, food won't come down. It's getting very expensive to meet the ends. Wages will have to go up. When ppl think things aren't fair, they revolt.

So.. inflation?

No. Because housing and healthcare costs have been outpacing inflation for years. It’s only in the past year that inflation has been on the table discussion wise, while the average home doubled in value since 2012.
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