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: 2) by The Mighty Buzzard on Sunday July 08 2018, @03:10AM (2 children)
In the schools? Man, have you ever gone to public school in a major urban area? I have and it's complete shit compared to the more personal style of education you get in smaller towns. Mind you, some of the teachers in smaller towns aren't exactly the sharpest bowling ball in the shed but most of them are quite passable.
My rights don't end where your fear begins.
(Score: 0) by Anonymous Coward on Sunday July 08 2018, @03:28AM
The public schools in the "good" counties that are suburbs of Washington DC are some of the tops in the nation.
True, they're not in the city itself, but they are next to it. Good luck getting that level of academics and extracurriculars in some second tier city.
(Score: 2) by JoeMerchant on Sunday July 08 2018, @01:29PM
I don't think there's a solid size-quality correlation for schools. Houston had a confederation of independent public school districts, some were great, some were complete shit, and it had everything to do with their property tax funding. The small town school district I know the most about in central Florida definitely qualifies as having a whole stable full of non-sharp bowling ball teachers: their high school graduates who wait tables downtown don't know how to pronounce croissant, even after working in a restaurant with them on the menu for months. They also have a real problem with keeping the kids off drugs - there's a rodeo community there and the kids that are into horses do pretty well, but the ones that aren't mostly end up circulating with the drug using crowd because those are the only two choices for social circles there. At one time (before the drug thing was so bad in town) I thought about moving there and teaching math/science in the high school, but life had other plans.
Україна досі не є частиною Росії Слава Україні🌻 https://news.stanford.edu/2023/02/17/will-russia-ukraine-war-end