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I'll point out that although news about layoffs makes headlines, unemployment is still at historic lows, and the ratio of unemployed to open job positions is at
by coryfklein 4y ago
I'll point out that although news about layoffs makes headlines, unemployment is still at historic lows, and the ratio of unemployed to open job positions is at 1.7 right now, even higher than it was before the pandemic. And all of this is true even after the Fed has raised interest rates faster than ever before in recent history.
We don't live in the past where you picked a company and built your relationships and career around it for most of your lifetime. That's what my grandfather did, but it's not how the economy works today. And I see this as a good thing; not only is the human race more productive by having more liquidity in the job market, but as an individual it frees you up – albeit sometimes more forcefully than you like – to shift around until you find the best place for you.
I enjoyed 4 out of the first 5 companies I worked for and thought I had things pretty great. But if I had stopped there, I wouldn't have arrived at the company I work at now (number 6) nor had the wisdom to know that I should commit to staying here for 3x longer than any previous company.