4 ms·

> This is why the Reddit AntiWork subreddit is interesting right now, we are seeing a country wide revolt which could spread to neighbouring Western countries.

> This is why the Reddit AntiWork subreddit is interesting right now, we are seeing a country wide revolt which could spread to neighbouring Western countries. how big is this movement, actually? personally, i quit my job without knowing about “anti-work”, and without the goal of making any point. then i was very confused when multiple people IRL told me they respected me for it, and learned about anti-work. it happens that there’s some overlap between their complaints and my reasons for quitting… but their complaints cast such a wide net that it’s not surprising. so i’m not yet sure how much the anti-work label or the community actually affects things on the ground v.s. just showcases popular sentiment and actions that people would have taken anyway.

R0b0t1 5y ago
https://en.wikipedia.org/wiki/Wasp_(novel) https://en.wikipedia.org/wiki/Wasp_(novel)
monocasa 5y ago
I read the parent as the anti work reddit is a symptom, not a cause. That the malaise you felt is common enough that large amorphous groups are loosely coordinating in a way that is seen clearly on one of the biggest websites, but if that subreddit didn't exist, the malaise still would.
Terry_Roll 5y ago
Goldman Sachs gave it some public recognition recently in an advisory to investors or something. News orgs picked up the Giant Squid advisory as you can read here https://www.forbes.com/sites/jackkelly/2021/10/21/unemployment-for-all-is-the-frustrated-rallying-cry-of-the-anti-work-reddit-group-this-is-only-one-part-of-the-revolutionary-change-taking-place-in-the-workplace/?sh=773398593719 https://www.forbes.com/sites/jackkelly/2021/10/21/unemployme... https://finance.yahoo.com/news/antiwork-movement-may-be-long-run-risk-to-labor-force-participation-goldman-sachs-165417840.html https://finance.yahoo.com/news/antiwork-movement-may-be-long... The subreddit is about a tenth the size of the WallStreetBets thread of GameStop mania fame, but Goldman points out that Antiwork now ranks above WallStreetBets in comments per day." Its English speaking, so it can spread to 5 Eyes country's easily and other country's especially if native news outlets run with it. US social media dominates so it will have an impact in other country's. Its aimed at the millennials which is why its on Reddit. Lots of factors or trends could be influencing it even sock puppets, however my belief is it is an attempt to stimulate inflation short term to get interest rates up. BBC mentioned Bank of England could see interest rates going upto 5% by the middle of next year!!! Who can afford debt repayments where the base rates gets to 5% and the lender has added a few % more on top for them?? We havent seen anything like that in at least a couple of decades. Inflation also forces people back to work after the Covid lockdowns but the effect is, some businesses have realised some staff can work from home and save money on expensive premises like office blocks, such is the technology today namely the internet, voip and remote working in general. Others are realising that some sectors are best avoided for employment because of the way they laid people off during COVID lockdowns. Karma I guess! However GameStop is also an indication of a rebellion which is why GS have mentioned aNTIwORk, even the regulators know they need to write a more honest fairer rule book and their inaction and coverup is angering some, which is why Gamestop got popular. You can measure this sentiment by analysing the use of words and phrases used in comments across different social media platforms. People give away so much meta data on social media, its getting easier to predict when someone might sneeze! LOL This is also what Goldman Sachs hinted at when they mentioned how many comments its getting now. GS monitor social media comments for insights into financial trends which would be entirely expected of them in my opinion, just like many other big companies will be monitoring social media for trends, including this site.
- gruez 5y ago
  >The subreddit is about a tenth the size of the WallStreetBets thread of GameStop mania fame, but Goldman points out that Antiwork now ranks above WallStreetBets in comments per day." Is that really surprising considering that the gamestop mania has fizzled out? >Lots of factors or trends could be influencing it even sock puppets, however my belief is it is an attempt to stimulate inflation short term to get interest rates up. Are you saying the government/central banks are doing this to "attempt to stimulate inflation", or that the readers/commenters on the subreddit are doing it?
  - Terry_Roll 5y ago
    Govt's & Central Banks want and need inflation. https://en.wikipedia.org/wiki/Helicopter_money https://en.wikipedia.org/wiki/Helicopter_money When some parts of the world have a deflationary economy due to the boomer population hump flattening out as they retire and die out more quickly, and you have been printing money under the label of Quantative Easing since 2008 so need to cancel out this money printed for liquidity reasons otherwise you risk killing your currency, a way to do this is to stoke up inflation and blame the public & businesses as its always been one of the ways to cancel out debts. When the financial crisis in 2008 kicked off, the velocity of money dropped sharply as you can see here. https://en.wikipedia.org/wiki/Velocity_of_money#/media/File:M2VelocityEMratioUS052009.png https://en.wikipedia.org/wiki/Velocity_of_money#/media/File:... This was called a liquidity trap so QE money was used, like grease on wheel axles, to get transactions increasing which then helped get the economy move again. However all of these different actions, just like different types of taxation has a range of effects, some become ineffective over time, so the default "reset" is generally to stoke inflation as its erodes debts more quickly. So if I was a young person just leaving education right now, I'd be taking on debt to purchase assets like property, mindful that population numbers in some countrys are shrinking which will create a surplus of property and drive down prices now. Over a decade or two, their wages will be significantly higher in a high inflationary period than their wages over a decade or two in a stagnant or low inflationary period, because they wont have external factors to justify going to their boss asking for a pay increase. Likewise Reddit AntiWork is another way to give these young people ideas to ask for better pay and conditions when they perhaps wouldnt have got it from the older generation who tend to carp on about their poor pay and conditions whilst ignoring the fact that back then one wage could buy a reasonable sized house and support a family unlike today where two wages are need to achieve the same results. The existence of this subreddit also makes it easier to quantify negative sentiment towards current pay and conditions when one didnt exist previously so it also becomes an intelligence tool for law enforcement, policy makers, investors, and traders. TBH I'm surprised its taken this long to appear on the radar, but I guess other subreddits have served their useful life span. Edit. You also have this https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs evolving as people age because we dont stop wanting things but these things we want change as we age unless we stop aging!

R0b0t1 5y ago

https://en.wikipedia.org/wiki/Wasp_(novel) https://en.wikipedia.org/wiki/Wasp_(novel)

monocasa 5y ago

I read the parent as the anti work reddit is a symptom, not a cause. That the malaise you felt is common enough that large amorphous groups are loosely coordinating in a way that is seen clearly on one of the biggest websites, but if that subreddit didn't exist, the malaise still would.

Terry_Roll 5y ago

Goldman Sachs gave it some public recognition recently in an advisory to investors or something. News orgs picked up the Giant Squid advisory as you can read here https://www.forbes.com/sites/jackkelly/2021/10/21/unemployment-for-all-is-the-frustrated-rallying-cry-of-the-anti-work-reddit-group-this-is-only-one-part-of-the-revolutionary-change-taking-place-in-the-workplace/?sh=773398593719 https://www.forbes.com/sites/jackkelly/2021/10/21/unemployme... https://finance.yahoo.com/news/antiwork-movement-may-be-long-run-risk-to-labor-force-participation-goldman-sachs-165417840.html https://finance.yahoo.com/news/antiwork-movement-may-be-long... The subreddit is about a tenth the size of the WallStreetBets thread of GameStop mania fame, but Goldman points out that Antiwork now ranks above WallStreetBets in comments per day." Its English speaking, so it can spread to 5 Eyes country's easily and other country's especially if native news outlets run with it. US social media dominates so it will have an impact in other country's. Its aimed at the millennials which is why its on Reddit. Lots of factors or trends could be influencing it even sock puppets, however my belief is it is an attempt to stimulate inflation short term to get interest rates up. BBC mentioned Bank of England could see interest rates going upto 5% by the middle of next year!!! Who can afford debt repayments where the base rates gets to 5% and the lender has added a few % more on top for them?? We havent seen anything like that in at least a couple of decades. Inflation also forces people back to work after the Covid lockdowns but the effect is, some businesses have realised some staff can work from home and save money on expensive premises like office blocks, such is the technology today namely the internet, voip and remote working in general. Others are realising that some sectors are best avoided for employment because of the way they laid people off during COVID lockdowns. Karma I guess! However GameStop is also an indication of a rebellion which is why GS have mentioned aNTIwORk, even the regulators know they need to write a more honest fairer rule book and their inaction and coverup is angering some, which is why Gamestop got popular. You can measure this sentiment by analysing the use of words and phrases used in comments across different social media platforms. People give away so much meta data on social media, its getting easier to predict when someone might sneeze! LOL This is also what Goldman Sachs hinted at when they mentioned how many comments its getting now. GS monitor social media comments for insights into financial trends which would be entirely expected of them in my opinion, just like many other big companies will be monitoring social media for trends, including this site.

gruez 5y ago
>The subreddit is about a tenth the size of the WallStreetBets thread of GameStop mania fame, but Goldman points out that Antiwork now ranks above WallStreetBets in comments per day." Is that really surprising considering that the gamestop mania has fizzled out? >Lots of factors or trends could be influencing it even sock puppets, however my belief is it is an attempt to stimulate inflation short term to get interest rates up. Are you saying the government/central banks are doing this to "attempt to stimulate inflation", or that the readers/commenters on the subreddit are doing it?
- Terry_Roll 5y ago
  Govt's & Central Banks want and need inflation. https://en.wikipedia.org/wiki/Helicopter_money https://en.wikipedia.org/wiki/Helicopter_money When some parts of the world have a deflationary economy due to the boomer population hump flattening out as they retire and die out more quickly, and you have been printing money under the label of Quantative Easing since 2008 so need to cancel out this money printed for liquidity reasons otherwise you risk killing your currency, a way to do this is to stoke up inflation and blame the public & businesses as its always been one of the ways to cancel out debts. When the financial crisis in 2008 kicked off, the velocity of money dropped sharply as you can see here. https://en.wikipedia.org/wiki/Velocity_of_money#/media/File:M2VelocityEMratioUS052009.png https://en.wikipedia.org/wiki/Velocity_of_money#/media/File:... This was called a liquidity trap so QE money was used, like grease on wheel axles, to get transactions increasing which then helped get the economy move again. However all of these different actions, just like different types of taxation has a range of effects, some become ineffective over time, so the default "reset" is generally to stoke inflation as its erodes debts more quickly. So if I was a young person just leaving education right now, I'd be taking on debt to purchase assets like property, mindful that population numbers in some countrys are shrinking which will create a surplus of property and drive down prices now. Over a decade or two, their wages will be significantly higher in a high inflationary period than their wages over a decade or two in a stagnant or low inflationary period, because they wont have external factors to justify going to their boss asking for a pay increase. Likewise Reddit AntiWork is another way to give these young people ideas to ask for better pay and conditions when they perhaps wouldnt have got it from the older generation who tend to carp on about their poor pay and conditions whilst ignoring the fact that back then one wage could buy a reasonable sized house and support a family unlike today where two wages are need to achieve the same results. The existence of this subreddit also makes it easier to quantify negative sentiment towards current pay and conditions when one didnt exist previously so it also becomes an intelligence tool for law enforcement, policy makers, investors, and traders. TBH I'm surprised its taken this long to appear on the radar, but I guess other subreddits have served their useful life span. Edit. You also have this https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs https://en.wikipedia.org/wiki/Maslow's_hierarchy_of_needs evolving as people age because we dont stop wanting things but these things we want change as we age unless we stop aging!