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>Maybe I'm just a weird outlier? I wouldn't quit either, but I assume you have wealth and are interested in continuing building it. My anecdote that shaped my
by 9x39 1y ago
>Maybe I'm just a weird outlier?
I wouldn't quit either, but I assume you have wealth and are interested in continuing building it.
My anecdote that shaped my opinion was that I work closely with the bottom half to bottom quintile - who hold about 2% of the wealth in the US. During COVID, when unemployment was increased greatly and matched or even greatly exceeded weekly wages for frontline staff, they evaporated from the ranks. My interpersonal and social media experience (being friends or followers) interviewing people out of curiosity was basically that the yoke was off, and they're going to relax as long as the checks come in.
Professional career staff (finance, it, marketing, engineering, etc) had virtually no defections and returned like nothing happened as soon as work reopened.
My conclusion was that wealth holders have a long view that includes a future 'them', while non-wealth holding segments exist in the moment, and 5 years or 20 years from now might as well be someone else's problem. I think that means the bottom half of the systems we depend on crumble the moment we resume wages without work, and I don't see markets stepping in to raise unskilled wages to match skilled wages to compete for them, it simply wouldn't be permitted.