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There has been a noticeable uptick in news about worker dissatisfaction this year. Covid-19 may have been a trigger for many people to re-assess their work and
by tuatoru 5y ago
There has been a noticeable uptick in news about worker dissatisfaction this year.
Covid-19 may have been a trigger for many people to re-assess their work and lives, perhaps leading some Boomers to retire as well as causing younger people to re-evaluate their work.
But: the underlying power dynamics between workers and employers have changed now, because of demographics that were put in place 20 years ago.
In developed countries (and China), the number of working-age people has now started to decline. For the first time in decades, workers have negotiating power.
- lumost 5y agoA corollary is that Businesses have fewer customers. We would expect that total profits may freeze or even decline in many sectors.
- imtringued 5y agoLess children mean less aggregate demand in the future.