And often times that "market number" dominates whatever numbers an employer might have that they keep to themselves,
We had the "great resignation" where employees were the ones holding the cards. Many places like McDonalds and other low-wage jobs had essentially bidding wars for employees and if you weren't keeping your wages at the current market rate, folks would quickly bounce to greener pastures.
Some employers rightly saw this as them just needing to pay more, offer greater benefits, and attract employees in a "positive" way. But for every business that did it in the "positive" way, you had many more that did it in a "negative" way by coercing their existing workforce to stay.
If you're running a McDonalds and you're paying your employees $12/hr while all your competitors are going to $15/hr, your only option for retention is to either raise your wages or to coerce your employees from leaving. Some places did it the right way by offering more money because that what the market demands, others did it in a coercive way of making employees pay for training and other BS.
A recent example that almost made me laugh in the meeting, some of our senior living businesses have had major staffing issues (the industry pays nothing to do what is a difficult and disgusting job). Employees basically gave up working overtime or picking up extra shifts, etc. When asked why we don't leverage them more, the operations guys gave a couple politically correct answers but they kept getting drilled by some members of senior management (basically telling him to do what ever is needed to force these people to work and do it with no extra budget! ) so the guy said something like "look, we pay these people $12/hr to wipe old people's asses. They all have second and third jobs and we're almost certainly not even their #1 employer if given a choice. They literally can not get called in or pick up extra shifts when it's needed by us. They're already working a shift somewhere else. We need to pay them enough to give a damn or overstaff so there's always someone available. Both costs money but our businesses problems are not theirs so you choose"
Just rewatched The Century of the Self and restarted Can't Get You Out of My Head by Adam Curtis/BBC, which seem very much aligned to this. Highly recommend if you haven't seen either yet. Free to watch on youtube
[0] https://en.wikipedia.org/wiki/Pinkerton_(detective_agency)
I am an h1b from India. Was talking to a colleague about the 100 year wait period for greencards through employer's MS teams. I shared him some twitter links (where people say they would be 115 when they get greencard and such) through whatsapp. While I was talking about it, Teams got disconnected. Didn't think anything about it, just thought its just a network issue.
Same day, while talking to another colleague, mentioned same thing, and shared the twitter links over whatsapp. Again, MS teams got disconnected. I thought it was an odd coincidence that it got disconnected twice when I talked about this subject.
Same day, at around 9.30 pm, I get an email from Twitter saying they have blocked a suspicious login from a city in US. So, someone knew my user name & password. I am guessing my employer was monitoring the conversation, and had my social media passwords.
this feels ridiculous that it is even a thing; do they force 2fa as well?
Compared to compensation vs. productivity over the last half-century, employers should expect further pushback.
Ooh, I know this one. Nixon came up with a new strategy for jailing and enslaving opponents to conservatism and corporatism https://en.m.wikipedia.org/wiki/War_on_drugs
It was also about when thatcher first had a cabinet seat.
After that we had the end of history and the glory of the invisible hand of the free market raining abundance upon all.
Nixon also took the dollar off the gold standard "temporarily", and government proceeded to debase the currency continuously since then, hand in hand with the financial sector.
The idea being that lobbyists were paying for certain types of votes when they were private, but that politicians could then vote their conscience anyway...because there was no way for a lobbyist to verify they got the vote they paid for.
But, once the specific vote by named representative became public record, the lobbyists could now see if they got the vote they paid for.
except now thanks to shale oil/fracking, we're actually producing more oil today than in 1971[1]. Why haven't we seen a reversion back to the good ol days?
Anyway, the OPEC started to control the oil price in 1971 too, didn't it?
Inflation adjusted oil prices were actually pretty close to pre-1971 oil prices between 1986 up until 2004. If the oil price theory was true, shouldn't we have seen a reversal in the trend during that time period?
https://imageio.forbes.com/specials-images/imageserve/624487...
* End of Bretton Woods System - "On 15 August 1971, the United States terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a fiat currency" [0]
* The Global War on Drugs - "The initiative includes a set of drug policies that are intended to discourage the production, distribution, and consumption of psychoactive drugs that the participating governments and the United Nations have made illegal. The term was popularized by the media shortly after a press conference given on June 18, 1971" [1]
* Nixon's Southern Strategy that shifted the Republican base to the South 1970-1971 [2]
* Nixon' Visit to China and the Chinese economic reform, which resulted in China being the major economic power it is today, visit planned on July 15, 1971, visit in early 1972 [3]
* The Defunding of the Apollo program - "In August 1971, just after conclusion of the Apollo 15 mission, President Richard Nixon proposed canceling the two remaining lunar landing missions, Apollo 16 and 17." The two remaining already planned missions were completed, but the program ended in 1972 thereafter. [4]
Now you might say, correctly, that every presidential term has major, world-shifting elements that are consequential. However, something happened specifically in 1971 and 1972 across a very broad set of circumstances to global economics, trade policy, criminalization, space race, politics, and more, not to mention the Watergate affair which was during the 1972 campaign. These years were absolutely pivotal to where we are today.
Further follow-on actions to the above included the devaluing of the dollar in 1972, vetoing of US National Child-care (1972), continuation of the Vietnam war, Phase I and Phase II price freezes for wages and costs (1971, 1972), Economic Stablization Act of 1971[5], Revenue Act of 1971 [6], and more. 1971 was a hot year indeed.
[0] https://en.wikipedia.org/wiki/Bretton_Woods_system
[1] https://en.wikipedia.org/wiki/War_on_drugs
[2] https://en.wikipedia.org/wiki/Southern_strategy
[3] https://en.wikipedia.org/wiki/1972_visit_by_Richard_Nixon_to...
[4] https://en.wikipedia.org/wiki/Apollo_program
[5] https://en.wikipedia.org/wiki/Economic_Stabilization_Act_of_...
It has always been a them-vs-us situation. It's just that 'them' (management/ownership) have been in a hugely advantageous position for a while and so were able to exercise their power discretely. Now that economic circumstances have tipped slightly in favor of laborers, 'they' have to exercise their power in ways that are more obvious.
In my experience, the people who say that all companies are evil are just too lazy to do the work required to find a decent one. Or are projecting their own insecurities or lack of trustworthiness outward.
Think about it.
Them - If you leave, you're going to pay for your training. You - Ok then, I don't want to learn anything new.
As long as Humans are positioned as just another Resource, we're going to see this type of (i.e., clueless) self-defeating decision making.
Because the threat of unemployment isn't so severe right now, so they have to do things the older way by just scamming people into indentured servitude.
Because the workforce has had enough of the lopsided equation and is starting to push back.
Always has been.
They've never thought of you as anything other than a resource to be exploited as much as possible then discarded. Capital just gets more brazen when it has more power.
If you don't like it, stop voting for open fascists.
They aren't. This is one unexpected headline. Most companies are being very nice to their employees because they know the job market is tight.
Like, why the hell would you not want to collectively bargain? You really think you have more leverage with your employer as an individual? What negotiation book taught you that strategy, the one called "what not to do"? Its always ironic seeing threads about how software engineers are fed up with stupid corporate stuff, like the interview song and dance or whatever else, then fail to see that by unionizing, software engineers could dramatically change how the entire industry works, and by continuing to just jump ship in hopes of finding better pastures they perpetuate this broken system that just finds another worker to exploit.
https://www.theatlantic.com/business/archive/2014/08/where-t...
Because there is no sentiment. Information does not have feelings.
Does that excuse employers from treating you like shit? No, but it also doesn't excuse you from staying there if they do. You can always communicate with your employers about your grievances, and if they are not addressed your ultimate power is to leave that job. You should not underestimate what employers will do to retain someone...
Well that customer must be a real moron to pay so much money for a CEO, which apparently they pay more money than they spend on whatever the actual product is.
The board works for the shareholders. The shareholders are the employee of the next customer in line.
I've also seen employees fighting to avoid paying back optional signing bonus that were given under the condition of staying for a couple of years...not attached to training at all.
It's difficult to separate "I don't think I should have to pay back anything, period" from "I don't think I should have to pay for training".
The training case can be made sure, but when somebody accepts some form of benefit with the explicit terms: if you leave before X you have to pay it back, I don't see the issue if the terms were clear.
EDIT: Now I'm curious about the down votes? Where is the issue with an expectation that people follow through with signed agreements?
The number of completely unenforceable non-compete clauses I've seen in California is astonishing. Likewise, I've seen blatantly illegal lease agreements. The common factor? One party has far more negotiating power than the other.
Here's an extra 5-10% of your first year's salary (optional) if you commit to hanging around for 2 years.
I don't see the asymmetry there?
This might not be apparent in Silicon Valley, but it is much more real for the rest of America.
It's a free market, want better employees with a higher "work ethic" that will stick around? You will need to compete. This isn't new, my dad growing up worked in IB and would switch jobs, or use existing offers as leverage for salary benefits, once every 2-3 years, and he switched jobs multiple times in my childhood.
Drugs were not illegal, drunk driving was not illegal. Drinking lots was totally normal. No one thought any of it was an issue, so they likely were a lot more messed up and just didn't really care. People were taking smoke breaks constantly during the day which was certainly a drag on productivity. All the bad behavior was so normalized they didn't even think it was a problem.
Management sets the terms and tone of the workplace and employees provide the labor. If they can only hire drug users and alcoholics with poor work ethic maybe look into why that is the case and fix that. Chances are your best employees are getting recruited away with better pay.
When it affects white Americans it gets reported as a health issue, but is criminal vice when its infected black communities. But this isn't it. Workers with a clean record and can pass a drug screen have no problem finding work right now.
Just to comment on this specifically, it was pretty obvious to me from a young (<18 in the late 90s) age that the era of companies taking care of their employees and maintaining benefits like pensions was over. I'm sure I'm not the only one. If you treat employees as interchangeable cogs don't be surprised when employees treat you as interchangeable in return.
how could it be otherwise? The concepts of "company loyalty" from the employee and "being taken care of" by the company always baffled me. Why would you think a company is going to take care of you? Why would a company expect loyalty from an employee? A deal is a deal, if either side doesn't uphold their part of the agreement then the agreement is over. I don't see how it can be otherwise.
You would think that because 50 years ago it was the norm. Companies had pensions. Companies used to have cost-of-living wage increases in addition to annual performance increases. The reward for working at a company for 20 years used to be a cushy management position, less work and more pay. Now it's a coupon for $10 off at a chain restaurant.
If you put yourself in that mindset, company loyalty is obvious. Find a job you like, and stick with it until retirement. But that isn't the case anymore.