3 ms·
The optimal fit doesn't remain static. The reason for all of [job hopping, fluid labor markets, bankruptcy, startup formation, inflation] is because the world
by nostrademons 2mo ago
The optimal fit doesn't remain static.
The reason for all of [job hopping, fluid labor markets, bankruptcy, startup formation, inflation] is because the world doesn't stay the same. Desires change. New technologies are invented. Resources get depleted, and substitutes need to be found. Bottlenecks emerge. Old people die, and young people are born.
Changing wages and periodic layoffs are ways of adapting the jobs that people do to the new realities of which jobs need to be done.
- applfanboysbgon 2mo agoYeah, that's a romantic idea, but none of those grand societal trends really has anything to do with the reality of job hopping. The reality of job hopping is that the market is irrational and will pay 20% more to a new college grad they have to train to replace somebody with 15 years of experience they just laid off because they refused to give them a raise even though the person with 15 years of experience brings the company 10x more profit than they are paid in salary.