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Dr. Jack

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Member since: Fri Jan 20, 2017, 01:43 PM
Number of posts: 610

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The Great Resignation led to 4.3 million Americans quit jobs in August. This trend is here to stay.

Source: USA Today

The musical chairs game thatís roiling the U.S. jobs market isnít a blip, but rather marks a longer-lasting shift in leverage from employers to workers, experts say.

About 4.3 million Americans quit their jobs in August, the Labor Department said this week, the most on records dating back more than two decades. Many bolted to take advantage of 10.4 million job openings, often at higher pay -- a historically high figure.

A large number of employees are resigning and moving to jobs that allow them to work remotely or at more flexible hours. Others are burned out after toiling away during the COVID-19 pandemic, switching careers after the health crisis led them to rethink their priorities, or opting to stay on the sidelines until the infection surges fueled by the delta variant ease..

Read more: https://www.msn.com/en-us/money/markets/the-great-resignation-led-to-43-million-americans-quit-jobs-in-august-this-trend-is-here-to-stay/ar-AAPyAoR?ocid=ientp

What if we are actually in a good place right now?

I was watching a documentary which touched on many of the catastrophes of the first half of the 20th century, as you do. Topics such as the rise of political extremism, the Spanish Flu, wealth inequality and the Great Depression, severe political divisions, etc. These are all events that I have seen people draw comparisons to with current events. COVID is like the Spanish Flu, Trump is like the rise of fascism in the 1920s and 30s, the wealth equality today is like the economy before the Great Depression, battles between political extremists in the streets a century ago seem eerily similar to our current violent troublemakers. However, what if we are actually in a good place and we can be confident of that because of our current situation?

It does sound strange since there are a ton of issues serious things happening in our country and in the world right now. The other thing that stuck out to be during the documentary, other than the similarities between the world of today and the world of 100 years ago, is how much worse it was 100 years ago. Every time we look at similarities between the turbulent times of the 1900s and the turbulent times we are currently in, the event was always far worse than then compared to now. The Spanish Flu was far worse than COVID. The Flu in 1918 killed 2.5% of the worldís population in the time COVID killed less than 1%. 1920s fascism gave rise to Hitler and Mussolini. The 21st century right wing extremism gave us people like Donald Trump. Income inequality a century ago caused rampant, severe poverty. Income inequality today is still there but 1/10th as many are in poverty today as in the 1920s. Standards of living are also far higher in 2021 compared to even 40 years ago let alone 100, despite the massive wealth gap. And political violence today, while certainly present, is more online harassment than bombings and shootings and riots all the time.

The world tends to vacillate between periods of relative peace and prosperity, and those that feel like the end times. We do feel like we are in one of those end times periods right now. But overall, not as bad as the last time. The world of 2021 is luxurious compared to the world of 1921. Not to say there are still massive problems and challenges, there definitely are. But look at how far we have come in 100 years. We are in one of those eras of great calamity thatís obvious. However, if these cyclical eras have always occurred throughout history and arenít entirely avoidable, the efforts to blunt the impact have worked like never before.

Maybe things will keep getting worse and worse and we will soon wish we were dealing with Nazi Germany and the Great Depression again compared to our imminent downfall as a world. Or maybe weíve already seen the worst? Maybe there wonít be a rise of fascism again? Maybe when Covid finally burns out, the death toll will not be anything like the Spanish Flu. Maybe our extremism will be confined to some morons thinking they can overthrow the government by running amock for a few hours in the Capitol before just going home. Again, donít think Iím downplaying our current challenges, Iím not. Covid is very deadly, Trump becoming President was horrible, the January 6th riot was an extremely serious crime, I think these things quite obvious to anyone who doesnít worship a game show how stroke victim.

However, the efforts to contain these problems may have worked. Not stopped them but blunted the effects of the bad times. Meaning, in other words, things were always going to fall off a cliff at some point, itís not avoidable. But that doesnít mean things are falling apart as many fear. Instead itís all a passing storm that we are well sheltered from. We are still on the march towards progress and the cause that people like the members here advocate is absolutely winning out.

Just a thought
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