SoylentNews is people
SoylentNews
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.
[...] The resurgence of job-hopping is particularly helpful for younger workers looking for footholds to launch their careers, said Erika McEntarfer, an economist at the Census Bureau. About 6.5% of workers under age 35 changed jobs in the first quarter of last year, versus 3.1% of those ages 35 to 54, according to census data.
"The people who are changing jobs, they skew young and they skew being placed in what you might call bad jobs, where the average pay is quite low relative to other jobs in the economy," Ms. McEntarfer said. Job-hopping could lead them into higher-paying industries, she said.
Source: https://www.wsj.com/articles/in-this-economy-quitters-are-winning-1530702001
(Score: 3, Insightful) by Thexalon on Friday July 06 2018, @12:32PM (7 children)
Who knew? If the pay is lousy and the work sucks, people are more likely to quit. It's almost like people prefer stocking shelves at $12/hr or doing skilled trades for $25/hr over cleaning toilets for $6.50/hr. I mean, what did the bosses expect, for these employees to be saying "Yes, Mr Capitalist sir, I'll do whatever you say without ever questioning it"?
The only thing that stops a bad guy with a compiler is a good guy with a compiler.
(Score: 1, Touché) by Anonymous Coward on Friday July 06 2018, @12:40PM (4 children)
Nobody wants to be a working class plumber for $25 per hour. You should learn to code and change the world! The pay is astronomical!! Why, can you believe an elite rockstar professional coder can earn up to $0 per hour!!!!! Learn to code today!!!!!!!
(Score: 0) by Anonymous Coward on Friday July 06 2018, @12:45PM (3 children)
That $0 per hour is our insanely high rate of pay meant to attract cisgender women to programming jobs! Which is why we have so many cisgender women going into programming instead of nursing, where they'll make a paltry $150,000 per year. And it's all the fault of incels like you that offering $0/hr isn't getting us any cisfemale programmers!
(Score: 0) by Anonymous Coward on Friday July 06 2018, @12:50PM (2 children)
Ooo yeah, $150,000 to touch swollen testicles for a living. I'm all wet just thinking about it.
(Score: 0) by Anonymous Coward on Friday July 06 2018, @02:54PM (1 child)
The prospect doesn't exactly get me wet either, jackass. And it sounds like in your world, womyn-born-womyn, by virtue of being superior beings, require no medical care, and their reproductive systems never develop equally nausea-inducing diseases.
Way to miss the point.
(Score: 0) by Anonymous Coward on Friday July 06 2018, @03:12PM
Replying to myself, because I see I also miss your point.
Your point is that you're projecting your own feelings of attraction towards women and repulsion from men on to me and mistaking that sexual orientation (described in terms not dependent on the gender of person experiencing the sexual orientation) as being a universal experience. You are completely shameless in using the attendant patriarchal chauvinism as a cheap rhetorical trick.
(Score: 3, Informative) by AthanasiusKircher on Friday July 06 2018, @06:00PM (1 child)
Yeah, I don't see the big deal here either, particularly when it's focused on what TFA actually calls "bad jobs."
In a worse economy with high unemployment, many people may be stuck in such "bad jobs." In a better climate, they go interview for openings and trade up! Who knew?
(Score: 2) by Thexalon on Saturday July 07 2018, @05:27PM
And this, in turn, leaves the "bad job" open for someone who maybe hasn't had work for the better part of a decade to start getting a paycheck again. Which is also a good thing.
The only thing that stops a bad guy with a compiler is a good guy with a compiler.