The Number of Americans Wanting To Switch Jobs Hits a 10-Year High (msn.com)
- Reference: 0175587751
- News link: https://news.slashdot.org/story/24/12/03/1853246/the-number-of-americans-wanting-to-switch-jobs-hits-a-10-year-high
- Source link: https://www.msn.com/en-us/money/careersandeducation/more-workers-feel-stuck-on-the-job/ar-AA1vbpNz
> White-collar hiring continues to slow, but workers' restlessness to find new work is intensifying, new Gallup data show. More than half of 20,000 U.S. workers surveyed in November said they were watching for or actively seeking a new job. That's the largest share since 2015, eclipsing the so-called Great Resignation of 2021 and 2022, when millions of people quit jobs for better ones.
>
> The result? Job satisfaction has fallen to its lowest level in recent years as employees feel more stuck -- and frustrated -- where they are, according to Gallup, whose quarterly surveys are widely viewed as a bellwether of workplace sentiment. Smaller raises and fewer promotions are spurring some of the discontent, workers say. So are cost-cutting moves and stepped-up requirements to be working in offices more often.
[1] https://www.msn.com/en-us/money/careersandeducation/more-workers-feel-stuck-on-the-job/ar-AA1vbpNz
Likely most people (Score:1)
Isn't that true of most people, most of the time? I was always willing to look at a better opportunity.
Not sure about that (Score:1)
Most jobs I've had it was really quite a while before I thought of looking for something else. In fact more often than not I was pulled away not because I was looking but because someone reached out with an opportunity that I liked even more than what I was doing.
I feel like most other people I worked at were in a pretty similar state, where they were reasonably OK with what they were doing and didn't really feel like looking.
There are for sure some companies that I could see where a lot of people would wa
Re: (Score:2)
Yeah let's go ahead and slap some tariffs on everything, that will certainly help people
Re: (Score:2)
At least it will make the complete idiots feel better for a little while. After that, they will just have to look for somebody that obviously sabotaged the great leader's plan. Might even be a Stab-in-the-back myth ("Dolchstosslegende") in the making?
Re: (Score:2)
> At least it will make the complete idiots feel better for a little while.
"For a while" = "Until they figure out (again) what tariffs actually do."
There is obviously more going on (Score:5, Interesting)
One thing that I've found, employers tend to give smaller raises to current employees, but then will pay new hires more money "to be competitive". When you find that the new hire who knows less than you do, with less experience than you do, is getting paid more money, many people will look for a new job. It's been a very common issue that you won't get paid the best if you stay at one company, because employers will often take their employees for granted. For those who stay for 10+ years, chances are you are getting underpaid, unless you are an executive.
Re: (Score:2)
At a Fortune-50 I worked at about 10 years ago, the joke we had around the information systems department was "in order to get a substantial raise, you need to leave ${COMPANY} for 6 months to a year, and then get hired back at the salary you actually deserve."
I did part A (leave), don't intend to do part B. Getting out of there made me realize that the only thing going for me there was the job security - I could have lit the place on fire and still had a job that I didn't enjoy, and wasn't paid enough to
Then do so (Score:2)
The only way to make employers treat people better is if they cannot get any reasonable workers anymore, die and then new companies take their place.
time to go union! (Score:2)
time to go union!
In my small world (Score:2)
Architectural Engineers are in tremendous demand. They are also quitting the field in record numbers, primarily in search of higher pay. An engineer with ~3 years experience can make $90-100k, and with 10 years you can hit about $140k. But, so can a realtor or many other fields. We had bad year, but if we found 10% of our workforce in good engineers we would find a way to make it work.
Make a plan, get out while you can (Score:2)
Not much to look forward to here.
US Wages are going to come down over time. It has to happen. I don't see any way to stop it. Look at the graph of productivity vs. wages below.
https://fred.stlouisfed.org/graph/?g=11CrY&utm_source=direct&utm_medium=exported-chart&utm_campaign=myfred_referrer
There's been a disconnect between productivity and wages for some time now. This will continue until wages in the US revert to the worldwide mean.
As a result of this. the standard of living in the USA will dec
There are jobs to switch to? (Score:2, Informative)
There are actually jobs to switch to? A tech company I used to work for for offshored the entire department I was in. I was lucky and had a job lined up, but there are people who went from being full stack developers to currently doing Santa gigs at a local store. Pretty much, if the job doesn't involve a security clearance, or isn't something menial, it has been relocated to Hyderabad.
Re: (Score:2)
> There are actually jobs to switch to?
To be fair, the article says that Americans want to switch jobs.
Doesn't say anything about them being successful in doing it.
Re: (Score:2)
Job hopping doesn't require net new jobs. When you hop to a new job, you free up a vacancy at your old employer.
But unemployment is currently 4.1%, a near-record low. There are plenty of jobs available. The common refrain is that the standard measure of unemployment (U-3) doesn't include those who have given up. But U-6 does measure those not actively looking, and U-6 is also at a near record low.
Re: (Score:2)
> There are lies, damned lies, and statistics.
As long as the methods are consistent, there's nothing wrong with measuring things with statistics. While the number may not match your perceived reality, its change over time will give a fairly accurate representation of what's going on.
> Drive through most areas in US cities... Read subreddits about how hard it is to find work... Read about how H-1Bs have completely sunk IT...
Anecdotes aren't a good replacement for statistics.
Re: (Score:2)
Your counter argument is "huuuuur. Koolaid drinker!" Logical. Also, why is my koolaid hot? That seems weird.
Do you care to actually address what I got wrong, in your mind? Or would you honestly prefer that the DoL start trolling Reddit posts and periodically driving through inner cities looking at empty buildings to determine the current labor utilization numbers?
Re: (Score:2)
" Labor force participation rate " is closer to the droid you're looking for.
Base "unemployment rate" is a political football that means whatever they want it to mean. Same as "inflation rate" when you start to look at the basket of goods and "hedonics". "Deficit" is another laugher.
Re: (Score:2)
There are a lot more people underemployed than (say) 10 years ago. Beyond that though they are "employed" either full time or part time. Anecdotally it also feels like there are fewer people working multiple jobs than 10 years ago. Wages are up some, but inflation is higher.
Small businesses have suffered since the pandemic, but there are a lot of factors at play there.
Ultimately the economy is pretty good, but that doesn't mean it is great for everyone.
Re: (Score:3)
> There are a lot more people underemployed than (say) 10 years ago.
Citation needed.
The U-3 unemployment rate in December 2014 was 5.6%, vs 4.1% today.
The U-6 unemployment rate, which includes those employed part-time for economic reasons, was 12% in 2014, vs 7.3% now.
The economy is in much better shape today.
> that doesn't mean it is great for everyone.
No economy, ever, anywhere in the world, has been "great for everyone".
Re: There are jobs to switch to? (Score:2)
Politicians and wannabe communist revolutionaries don't get votes or followers by telling you that everything is fine. They have to convince you that life sucks because the economy, and don't pay attention to their past missteps because they've already figured out a better way, guaranteed or you'll get the money you never paid back.
You're completely incorrect (Score:2, Interesting)
> There are actually jobs to switch to? A tech company I used to work for for offshored the entire department I was in. I was lucky and had a job lined up, but there are people who went from being full stack developers to currently doing Santa gigs at a local store. Pretty much, if the job doesn't involve a security clearance, or isn't something menial, it has been relocated to Hyderabad.
Are you really this ignorant or are you a professional troll? There are plenty of jobs for full stack developers, just not as many as there were 2 years ago. We're in challenging times, but not "skilled devs becoming mall santas"-grade turmoil. If there's no jobs where you live, move...there are jobs where I live, just fewer and you have to work harder to get them. Everyone I know who was laid off found one...it's just the shittier devs spent a month or 2 looking vs 2 years ago when it would have been a
Re: (Score:3)
> If there's no jobs where you live, move...
Unless you live in an RV, that's easier said than done. Disparities in real estate values or rent costs can also easily eat up any increase in salary you end up with by relocating, and that's assuming you've got the funds on hand to cover moving expenses in the first place. Also, people have these things called "relationships" and "families", where it might be a really tough sell to convince your significant other that they'll need to give up being able to easily visit their loved ones.
If you're not tied
Re: (Score:2)
> Also, people have these things called "relationships" and "families", where it might be a really tough sell to convince your significant other that they'll need to give up being able to easily visit their loved ones.
Is this a new thing...that "kids" are afraid to move away from home?
I mean...my parents moved to different states for my Dad's career...he was main breadwinner.
Our family lived away from relations for most of my life, till I was around mid teens and we moved back closer to "home".
But it was
Re: (Score:2)
> Is this a new thing...that "kids" are afraid to move away from home?
Yep, Millennials and Gen Z have a higher preference for staying near their families, at least according to everyone's favorite LLM. Anecdotally, since I'm a "Xennial", I know a lot of Millennials and yeah, they do like staying close to family.
Re: (Score:2)
"they do like staying close to family"
Basements?
Re: (Score:2)
"Just drive around most US cities... businesses that were there a few years back, even after 2020, are gone."
So blame business, not the government. Wait. I take that back.
Blame the government for not cracking down on PE firms doing leveraged buyouts. They then saddle the companies with unpayable debt, sell off the real estate and lease it back to them, and then slash "costs" to the point where no one wants to go there anymore. A few years of that and boom! Bankruptcy.
Box stores, restaurants, and more have b
Why would I move? (Score:3)
Why would a software engineer of all people have to move? If an employer can offshore work to Hyderabad, to people who aren't even native English speakers, why can't hire an American anywhere in the US?
It's more an indication that American employers don't want American employees - with their demand for decent treatment, fair wages, vacation time, etc... than anything else. Remember when coders were told, "We need someone with a college degree, who can communicate effectively..."? And then they turned
Re: (Score:2)
Don't worry. Many of those low-paying jobs available in agriculture, meat packing, roofing, and other unskilled and semi-skilled trades will be soon available to US citizens.
Of course, when they can't get "American" workers to do them, they'll be forced to raise wages, which means they'll be forced to raise prices to match. And pass them on, of course.
Couple that with massive across-the-board tariffs, and you have hyperinflation, coming your way any day now.
Re: (Score:2)
yes buddy, of course, tens of thousands of layoffs and people who have been looking for months, but hey, rando on slashdot says otherwise, that even "young recent grads" can find jobs in Jobland where he lives
fuck you.
Re: There are jobs to switch to? (Score:2)
Damn. How shitty a code monkey ya gotta be to only get a job as a mall Santa? I dont mean, black mall Santa, hes cool.