Shouldn't this be a part of a healthy functioning economy?
Shouldn't labor be free to move where demand is? Demand represented by fairer compensation.
I have a hard time believing these people are permanently quitting work. Rather think of it from the point of a business trying to attract new customers.
I can see the inflation affecting me in my purchases and it's not breaking me. Restaurants are charging more and it's making me re-evaluate how important dining out is if it means trapping people in a low wage job they hate.
Do I really wish for someone not to move up the ladder into a better position just so I can choose from some 50 restaurants in my area? Would my life still not support the indulgence of being able to eat out with say 25 restaurants instead of 50? And with a heftier bill but less frequently going out to eat?
I think America is finally exercising some of the benefits of capitalism for the lower class and not just for the elite.
Anecdotal - myself and most of my peers (software, EE) have moved onto new jobs during the pandemic for gargantuan raises. I don't know anyone in a white collar field who quit and is just chilling now. Old friends who work retail also quit for other retail jobs with slightly better pay, more hours, etc. It brings me joy to see the average person finally realizing their worth and leveraging a little bit of personal risk for better compensation.
Shouldn't labor be free to move where demand is? Demand represented by fairer compensation.
I have a hard time believing these people are permanently quitting work. Rather think of it from the point of a business trying to attract new customers.
I can see the inflation affecting me in my purchases and it's not breaking me. Restaurants are charging more and it's making me re-evaluate how important dining out is if it means trapping people in a low wage job they hate.
Do I really wish for someone not to move up the ladder into a better position just so I can choose from some 50 restaurants in my area? Would my life still not support the indulgence of being able to eat out with say 25 restaurants instead of 50? And with a heftier bill but less frequently going out to eat?
I think America is finally exercising some of the benefits of capitalism for the lower class and not just for the elite.