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It is indeed expected that if asset prices collapse, the Great Unresignation might become a thing and in a very ugly way. An alternative more rosy scenario is
by ak_111 4y ago
It is indeed expected that if asset prices collapse, the Great Unresignation might become a thing and in a very ugly way.
An alternative more rosy scenario is that the Great Resignation becomes even more entrenched leading to a radical change in society such as 4-days week becoming normalised or mass support for UBI.
- frankbreetz 4y agomaybe the four day work week as a way to entice people back into the workforce, but there is no way UBI is going to be helped by the great resignation. You know all those people who just quit with no plan, they need money now, let's do UBI. Seems like a hard sell
- giantg2 4y agoWhy would 4 day weeks become a thing? Why would UBI? I see the trend snapping in the "unresignation" direction before employers or society start the UBI or 4-day path.
- WWLink 4y agoYea some employers are already getting uppity like they expect the unresignation to happen lol.
- ak_111 4y ago4-day week would be a thing for example when employers out of desperation for not being able to find workers start enticing borderline great resigners by 4-day week (so you get all the benefits of full time employment: health insurance, pensions,...). But this is assuming workers continue to have the upper hand.
- giantg2 4y agoMaybe, but it seems most industries couldn't do it without a massive increase in workforce, but worker shortage is what they're trying to fight. Unless the entire industry switched to a 4 day week, I don't see it working out for most. I'm mostly thinking about places ties to central things like the stock exchange for banks, or that need 24/7 support like police and nursing, or where manufacturing wants the machines to run close to 24/7 to be economical efficient (since we struggle to compete already with LCOL abroad).
- ak_111 4y agoEven if all your employees worked 4-days week doesn't mean your business opens only 4-days week. You simply ensure the amount of workers who are off on Monday is the same as the number of workers that are off on Friday. You only need to increase headcount by 20% if you make all your employees 4-days week. Which is a lot but not a "massive increase", especially you will be paying them 20% less each.