4 ms·
Another way to describe "low labour mobility" is "high job stability". It's easy to sit in an ivory tower on a $200k+ silicon valley salary, with a healthy job
by toomanybeersies 6y ago
Another way to describe "low labour mobility" is "high job stability". It's easy to sit in an ivory tower on a $200k+ silicon valley salary, with a healthy job market if you get the sack, and bemoan the fact that workers have rights and can't be fired because their employer feels like it.
- lotsofpulp 6y agoYou can have high labor mobility and high job stability by reducing supply of labor and/or increasing the demand for it.
- donor20 6y agoActually, FANG job stability is surprisingly high - the big corps have gobs of money and are big - so it takes a lot to actually push you fully out the door sometimes. Entry level wages are perhaps $190K (right out of college / entry level) at google and others. There is definitely a job for you at $60K
- blub 6y agoUnless one is somehow inconvenient for the company e.g. involved in employee organization or tweeted some wrongthink. Then they get thrown out faster than they can say "is this legal?".
- blub 6y agoCan't believe someone's praising the US job market during the pandemic. Although it must be said that the FAANG & co employees are insulated from the effects of it and maybe unaware of the drama unfolding right now.