Author Explains Why So Many Young People Resign From Their Jobs And His Twitter Thread Goes Viral
About 4.3 million Americans left their jobs in August. “Quits”, as the Bureau of Labor Statistics calls them, are rising in almost every industry, especially in retail, food services, and hospitality.
We are living in what labor economist Lawrence Katz calls “a once-in-a-generation ‘take this job and shove it’ moment.”
Katz says there’s no perfect way of measuring what’s driving it but “what we do see is a lot of people asking about getting remote work, for example, and a lot of people questioning low-wage, high-turnover situations, and employers starting to respond, but pretty slowly relative to the expectations of workers.”
And while the economist thinks we still can’t know if it’s temporary or not, New York Times bestselling author, Kurt Eichenwald, believes it’s been long in the making.
In August, the number of workers who quit their job in a single month broke the all-time U.S. record
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The Great Resignation is, in fact, great
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In a recent Twitter thread, Eichenwald theorized that younger generations no longer have any faith in the idea of “the American dream” because for so many, it’s become too far out of reach.
The term “American Dream” was coined by writer and historian James Truslow Adams in his 1391 book The Epic of America. According to Adams, it’s a promise that “life should be better and richer and fuller for everyone, with opportunity for each according to ability or achievement” regardless of social class or circumstances of birth.
But the idea of the American Dream has been around for much longer. You could probably even build a case that it’s inscribed in the Declaration of Independence, which says: “We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty, and the pursuit of Happiness.”
But Eichenwald claimed that Americans no longer have the inspiration of working toward a better future for themselves. Because there is none.
And bestselling author Kurt Eichenwald thinks it was long in the making
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So what happens now? While companies are scrambling to keep and attract workers, they are offering retention bonuses, allowing employees to work remotely forever, and providing new benefits to support workers’ personal and professional development.
Some are also saying they’re drawing up policies to help workers recover from burnout, whether it is a sabbatical, closing the business for a week, or shrinking the workweek from five days to four.
“Companies have to bend,” recruiting consultant Abby Kohut, founder, and president of Staffing Symphony, which focuses on the pharmaceutical industry, told CNBC.
Eichenwald’s thread sparked an interesting discussion
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Share on FacebookWhat really really makes me furious is hearing wealthy people calling the poor lazy. I've seen how others are struggling. How can you sit by your pool in your beautiful garden, sip way too expensive booze knowing that you will be on your yacht tomorrow and actually think that others slaving away to make aaaaaall of this possible are lazy? Shame on you.
Yes I agree. Also the rich would never see them selves working at McDonald's or Walmart or any other job in service
Load More Replies...I work in customer service and discovered having a car was too expensive. I could only afford use, but they constantly needed repairs. We are constantly saying we are going to move out of rough neighborhood, buy it always ends up being next year...Working 40 hours leaves me with no sense of personal fulfillment.
I agree with you. Without hope of a better future the present is not good.
Load More Replies...He says people are now "...working just for survival...", but he doesn't mean "people", because the vast majority of the world's people work just for survival and have since work was invented... he means "middle-class people are now working just for survival". Anyone who has ever been able to take survival for granted and just work to attain personal goals is incredibly fortunate, and if that was taken as the norm for a while... we didn't appreciate how lucky we were.
The U.S. us the wealthiest, most powerful nation. American citizens shouldn't be struggling when billionaires can afford to have a space race.
Load More Replies...We also sometimes forget that it costs money to be ‘poor’. You can’t afford a new car so you drive a used one that requires constant service. You can’t afford to buy in bulk so you pay more in the long run for necessities. You can’t build credit so banks and loan agencies charge you higher rates. You can’t afford to take off work to visit a doctor so your health declines until the problem gets worse and more expensive. Ironically, it just costs more to be poor.
Do I want to "work"? Yes, or I'd sit home all day. Do I want to be worked for someone else's gain? No. Yeah, sure, their profits, blah blah blah ----- and they'd still be uber-wealthy if they paid people twice as much. And that's me with a medical degree. Imagine if you have something specialized, like the ability to take an order without screaming in someone's face. (And, yes, that's a special skill, deserves much more pay, people are twits. If you can smile at a customer, you deserve $20/hour just for that, IMO.)
As a GenXer, I honestly wish my eyes had been opened when I was younger. We were the first generation to largely be unable to realize the "American dream." Instead, most of us worked in toxic environments, never knowing there was an alternative. Capitalism is now breathing its last gasps...at long last. (Yes, regulated capitalism is perfectly fine for things people do not require to survive. Everything else should be run by the government, and paid for by sharply progressive taxes...and all income should be treated and taxed as earned income, including capital gains.)
As a fellow GenXer, I totally agree. I’m almost embarrassed that we just tolerated. I had so many soul crushing jobs that I became numb.
Load More Replies...You are absolutely correct, and it's getting worse, not better.
Load More Replies...America was built using slave labor and more or less continued that way
But now the slaves are paid $2.15 an hour with tips.
Load More Replies...I lost my job this year because my company moved the bar, suddenly in the "restructure" the job I had been doing, quite successfully, for almost 7 years required a higher degree level. They told me "oh your experience will matter outside the company" and "here we can transfer you into this role" that was basically going back in time 9 years. Suffice it to say I choose door # 3 and will figure it the hell out, it just wasn't worth it anymore to be so underappreciated.
Restructuring is code for The company needs to pay the shareholders more so they are going to cut the people who have a salary over minimum wage.
Load More Replies...6 figures in America means absolutely nothing this past year. Family of 3 with a low 6 figure here. I'm living the same now as I was making $50K. It's absolutely no wonder people making minimum wage would quit working- it simply does not work. You can't even pretend to afford to live on that.
What really really makes me furious is hearing wealthy people calling the poor lazy. I've seen how others are struggling. How can you sit by your pool in your beautiful garden, sip way too expensive booze knowing that you will be on your yacht tomorrow and actually think that others slaving away to make aaaaaall of this possible are lazy? Shame on you.
Yes I agree. Also the rich would never see them selves working at McDonald's or Walmart or any other job in service
Load More Replies...I work in customer service and discovered having a car was too expensive. I could only afford use, but they constantly needed repairs. We are constantly saying we are going to move out of rough neighborhood, buy it always ends up being next year...Working 40 hours leaves me with no sense of personal fulfillment.
I agree with you. Without hope of a better future the present is not good.
Load More Replies...He says people are now "...working just for survival...", but he doesn't mean "people", because the vast majority of the world's people work just for survival and have since work was invented... he means "middle-class people are now working just for survival". Anyone who has ever been able to take survival for granted and just work to attain personal goals is incredibly fortunate, and if that was taken as the norm for a while... we didn't appreciate how lucky we were.
The U.S. us the wealthiest, most powerful nation. American citizens shouldn't be struggling when billionaires can afford to have a space race.
Load More Replies...We also sometimes forget that it costs money to be ‘poor’. You can’t afford a new car so you drive a used one that requires constant service. You can’t afford to buy in bulk so you pay more in the long run for necessities. You can’t build credit so banks and loan agencies charge you higher rates. You can’t afford to take off work to visit a doctor so your health declines until the problem gets worse and more expensive. Ironically, it just costs more to be poor.
Do I want to "work"? Yes, or I'd sit home all day. Do I want to be worked for someone else's gain? No. Yeah, sure, their profits, blah blah blah ----- and they'd still be uber-wealthy if they paid people twice as much. And that's me with a medical degree. Imagine if you have something specialized, like the ability to take an order without screaming in someone's face. (And, yes, that's a special skill, deserves much more pay, people are twits. If you can smile at a customer, you deserve $20/hour just for that, IMO.)
As a GenXer, I honestly wish my eyes had been opened when I was younger. We were the first generation to largely be unable to realize the "American dream." Instead, most of us worked in toxic environments, never knowing there was an alternative. Capitalism is now breathing its last gasps...at long last. (Yes, regulated capitalism is perfectly fine for things people do not require to survive. Everything else should be run by the government, and paid for by sharply progressive taxes...and all income should be treated and taxed as earned income, including capital gains.)
As a fellow GenXer, I totally agree. I’m almost embarrassed that we just tolerated. I had so many soul crushing jobs that I became numb.
Load More Replies...You are absolutely correct, and it's getting worse, not better.
Load More Replies...America was built using slave labor and more or less continued that way
But now the slaves are paid $2.15 an hour with tips.
Load More Replies...I lost my job this year because my company moved the bar, suddenly in the "restructure" the job I had been doing, quite successfully, for almost 7 years required a higher degree level. They told me "oh your experience will matter outside the company" and "here we can transfer you into this role" that was basically going back in time 9 years. Suffice it to say I choose door # 3 and will figure it the hell out, it just wasn't worth it anymore to be so underappreciated.
Restructuring is code for The company needs to pay the shareholders more so they are going to cut the people who have a salary over minimum wage.
Load More Replies...6 figures in America means absolutely nothing this past year. Family of 3 with a low 6 figure here. I'm living the same now as I was making $50K. It's absolutely no wonder people making minimum wage would quit working- it simply does not work. You can't even pretend to afford to live on that.






























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