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We know from most other industries that when a downturn comes, those with the most experience shift into the entry level jobs/pay and the newcomers get gutted.
by ty6853 1y ago
We know from most other industries that when a downturn comes, those with the most experience shift into the entry level jobs/pay and the newcomers get gutted.
- _heimdall 1y agoSure, but I thought the prior comment was talking about attrition in general rather than job loss during a downturn. In my experience, all bets are off when an industry downturn hits. People jump ship or are thrown overboard. Usually those that handle it best keep a steadier hand and don't react as emotionally, it wouldn't surprise me if that group is more often those with the most experience.
- ty6853 1y agoYes you have to put two and two together. If the attrition of newcomers is high enough, and oldtimers fill newcomer positions (or just their wages) in rough times, then if the high attrition of newcomers is high enough to overcome the phase-in rate of automation then the old timers will more or less stay employed just likely at the shit wages that newcomers get.