48 million people left their jobs in 2021

[FAUlty Gator]

Disclaimer: this is not a partisan thread looking to blame anything on anyone.

I just heard some interesting stats on CNN.

48 million people left their jobs.
There are 2 open jobs available right now for every unemployed person.
More than half of Americans have less than three weeks pay saved up.
The "demand for workers" is higher now than anytime since they started keeping track in 2001.

What the hell is going on?

 

[ParkerHawk]

Sorry about that, cashed in my Colorado real estate chips and slumming it in early retirement in New Mexico

 

[mattymoknows]

Disclaimer: this is not a partisan thread looking to blame anything on anyone.

I just heard some interesting stats on CNN.

48 million people left their jobs.
There are 2 open jobs available right now for every unemployed person.
More than half of Americans have less than three weeks pay saved up.
The "demand for workers" is higher now than anytime since they started keeping track in 2001.

What the hell is going on?

I always believed that if anything positive came out of the pandemic it would be a paradigm shift on how people view work and life, in general.

I love hearing all these takes on how lazy people are today. I don't think that's true at all. I am certain most value work as a whole. What people are fed up with is how so many of these companies/corporations continued treating their employees as expendable moving parts and many have felt dehumanized for years.

Most people want to feel that their work efforts are appreciated. People also want for some semblance of security when they work hard, as well.

However, how often have you heard stories of companies treating their employees poorly, laying off or firing people at the drop of a hat, or taking on the attitude that their employees should feel fortunate they have their positions in the first place?

I think the pandemic allowed many to rethink things that were important to them including work/life balance, finding ways to be happier, and certainly finding a position or companies that seemed to value their efforts.

I have zero sympathy for any company, that acted on bad faith for years because they held the upper hand, that are now struggling to find good help. I'm happy that some of the power is back in the hands of the workers now and only hope that it stays that way for awhile, much to the dismay of many of these companies.

 

[Huey Grey]

I always believed that if anything positive came out of the pandemic it would be a paradigm shift on how people view work and life, in general.

I love hearing all these takes on how lazy people are today. I don't think that's true at all. I am certain most value work as a whole. What people are fed up with is how so many of these companies/corporations continued treating their employees as expendable moving parts and many have felt dehumanized for years.

Most people want to feel that their work efforts are appreciated. People also want for some semblance of security when they work hard, as well.

However, how often have you heard stories of companies treating their employees poorly, laying off or firing people at the drop of a hat, or taking on the attitude that their employees should feel fortunate they have their positions in the first place?

I think the pandemic allowed many to rethink things that were important to them including work/life balance, finding ways to be happier, and certainly finding a position or companies that seemed to value their efforts.

I have zero sympathy for any company, that acted on bad faith for years because they held the upper hand, that are now struggling to find good help. I'm happy that some of the power is back in the hands of the workers now and only hope that it stays that way for awhile, much to the dismay of many of these companies.

Thing is minus fast food and other shit jobs, employers aren't having problems finding candidates. Quite the opposite. They have an over abundance of candidates.

 

[mattymoknows]

Thing is minus fast food and other shit jobs, employers aren't having problems finding candidates. Quite the opposite. They have an over abundance of candidates.

Not necessarily true, I work for an unnamed corporation and we've lost a ton of good people and struggle to find good replacements.

 

[WorldSeriesChamps2015]

Got muh 2 trillion Soros bucks in December.

 

[Huey Grey]

Not necessarily true, I work for an unnamed corporation and we've lost a ton of good people and struggle to find good replacements.

It is true for most decent paying jobs. Dozens of applicants for one position.

 

[OrlandNole]

Thing is minus fast food and other shit jobs, employers aren't having problems finding candidates. Quite the opposite. They have an over abundance of candidates.

Uh, definitely not true in my industry.

 

[Huey Grey]

Uh, definitely not true in my industry.

What's your industry?

 

[Funky Bunch]

Analysis: Forget America's Great Resignation. It's the Great Upgrade

The churn in the American job market is without precedent.

www.cnn.com

 

[NCHawk5]

What's your industry?

Huey you talk out of your ass on just about everything. Your comment is completely illogical.

 

[FAUlty Gator]

My friend is a General Contractor with a ton of people working for him. He says it's so hard to find specialists like welders who are skilled that want to stay as welders. After a few weeks everyone wants to be a foreman. And he's like, "But you're a good welder and that's what we need."

Same thing happens to me. I hire a WR coach and after a season he wants to be the Offensive Coordinator. And I have to tell them that it's gonna take a hell of a lot of convincing to fire myself to hand that job over to him. Luckily I've been able to convince myself to keep me on board. Even thought I banged my wife.

 

[OrlandNole]

What's your industry?

A&E (architecture and engineering) and planning.

 

[HawkMD]

Disclaimer: this is not a partisan thread looking to blame anything on anyone.

48 million people left their jobs.
There are 2 open jobs available right now for every unemployed person.
The "demand for workers" is higher now than anytime since they started keeping track in 2001.

What the hell is going on?

We aren’t getting enough migrants to fill the positions.

 

[Huey Grey]

Huey you talk out of your ass on just about everything. Your comment is completely illogical.

We've had these arguments in these threads before. Claims of good paying jobs everywhere, just waiting to be claimed. But when asked for links all we get is a trickle.

But we'll go more rounds. Give me links to these millions of good paying jobs nobody is applying for. You won't find them. It's a myth.

 

[Titanhawk2]

makes the unemployment rate look better in comparison to prior years

 

[Huey Grey]

A&E (architecture and engineering) and planning.

That field has always struggled to find enough candidates.

 

[NCHawk5]

We've had these arguments in these threads before. Claims of good paying jobs everywhere, just waiting to be claimed. But when asked for links all we get is a trickle.

But we'll go more rounds. Give me links to these millions of good paying jobs nobody is applying for. You won't find them. It's a myth.

Every time they’re posted, you complain that they require competency. There are plenty of jobs for dummies that start at 15/hr. That’s a fantastic starting wage for someone with no skills.

 

[ihhawk]

How many have decided to just leave the workforce all together?

Is it a shift back to single income families?

 

[jasonrann]

I'm trying to leave mine, but then, I need another one first.

 

[Huey Grey]

Every time they’re posted, you complain that they require competency. There are plenty of jobs for dummies that start at 15/hr. That’s a fantastic starting wage for someone with no skills.

I'll give you fast food and crappy service jobs that don't pay much. But thats about it. Anything over $20/hr will get dozens of applicants and expect the world for skills.

 

[OrlandNole]

That field has always struggled to find enough candidates.

Trust me, it's exacerbated in the last year. We're hitting all of the job fairs in panic mode.

 

[NCHawk5]

I'll give you fast food and crappy service jobs that don't pay much. But thats about it. Anything over $20/hr will get dozens of applicants and expect the world for skills.

15/hr is overpayment for fast food workers in my opinion. I can’t imagine trying to run one of those stores in the current environment, all of their inputs have risen tremendously.

 

[whatsup13579er]

Thing is minus fast food and other shit jobs, employers aren't having problems finding candidates. Quite the opposite. They have an over abundance of candidates.

This is 100% false.

 

[Funky Bunch]

For comparison purposes, 42 million left in 2019. Here's a flashback from 2 years ago.

Workers quit their jobs at the fastest rate on record in 2019—here's why

Experts say a tight labor market and sluggish wage growth is forcing workers to quit their jobs in order to get ahead.

www.cnbc.com

 

[Huey Grey]

Trust me, it's exacerbated in the last year. We're hitting all of the job fairs in panic mode.

I'm sure it has. But engineering has always been a highly desirable field. And very few people have these kinds of specialized degrees.

My point is that even getting a receptionist job is hyper competitive now. Any job that can't be filled by somebody with no education is hard to come by. The jobs exist but millions are trying to get them so they are super competitive to nab.

 

[mattymoknows]

We've had these arguments in these threads before. Claims of good paying jobs everywhere, just waiting to be claimed. But when asked for links all we get is a trickle.

But we'll go more rounds. Give me links to these millions of good paying jobs nobody is applying for. You won't find them. It's a myth.

Listen, I also know there are many companies who won't backfill positions and then just expect the current workers to pick up the slack. This is also going to eventually lead to more people packing it in, in the near future.

I'm not convinced that there are millions of 100K+ jobs out there but I think you're missing my original point. For many, it's not just about money. Now would be a great time for employers to recognize that their workers should be valued and find ways to retain good workers through incentives, opportunities, benefits, etc.

Not everyone thinks it's all about money, it's important of course but I think, in general, people want to feel valued in their roles.

 

[ihhawk]

For comparison purposes, 42 million left in 2019. Here's a flashback from 2 years ago.

Workers quit their jobs at the fastest rate on record in 2019—here's why

Experts say a tight labor market and sluggish wage growth is forcing workers to quit their jobs in order to get ahead.

www.cnbc.com

Interesting.

So you are saying that the job market and economy were excellent back in 2019

Indeed, the United States is experiencing a tight labor market. Most recent figures from the Bureau of Labor Statistics indicate that there are roughly 7.3 million job openings in the United States and that the unemployment rate is just 3.5%.

“There’s more open, unfilled jobs than there are unemployed people,” Greg McBride, chief financial analyst at Bankrate, tells CNBC Make It.

 

[bhawk24bob]

It's amazing how many companies haven't put it together that with the labor shortage, they need to do more to attract and retain talent. That means they have no leverage to demand things like be in the office, travel to meet clients, work more than a standard work day, etc