Job Security is Dead... and Nobody Cares
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- Опубликовано: 26 сен 2024
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Jobs are not what they used to be… the average time an employee spends with their company is now at the lowest level ever, and that’s by design.
We have gone from full time to part time, to casual, to gig work, lowering the expectation of a long-term professional relationship every step of the way.
If this didn’t do enough, studies have shown that many workplaces are now intentionally promoting the fear of job losses in an attempt to “motivate workers” and keep cost down, but this is usually a really dumb idea.
The death of job security is bad for workers AND bad for companies…
But nobody cares anymore…
Up until the 1980’s it wasn’t unusual for workers to spend their entire professional careers working with just ONE company.
Company loyalty was highly valued by both employers and employees, and the threat of getting laid off or fired was incredibly low.
If you ever watch old films and see someone getting fired as a major plot point, just remember it actually was a big deal back then.
But according to data from the Bureau of Labor Statistics, those days are long gone…
The average tenure of young employees these days is less than a third of the baby boomers exiting the workforce.
I don’t want to sound too old here, but back in my day people actually cared about losing their job, but today getting fired or laid off from your company just makes good content to post on Tik Tok.
This is a bad trend for companies, because it takes away their biggest stick.
The fear of getting fired is always going to be a motivator in the workplace, there really is no way around that, if you don’t do your job or cause too much trouble for the company you are going to lose your job along with the pay and benefits that come with it.
But as the great Peter Gibbons would say “that will only make someone work just hard enough to not get fired”.
The death of job security means that people just EXPECT to lose their job at some point in their career these days, but there are three big reasons why it was allowed to get this bad, and three reasons why… nobody really cares anymore…
So it’s time to learn How Money Works to find out why job security is dying, why nobody cares, and what happens when nobody has a job for long enough to be good at it…
Thanks to MANSCAPED for sponsoring today's video! Get 20% OFF + Free International Shipping with promo code "HMW20" at manscaped.com/howmoneyworks !
Modern Workplace is a toxic terrain, with a constant threat of job security at risk if job performance is not met. The toxic nature of job burnout is there every day.
That is why Being your own boss offers more flexibility to work from anywhere at any time. No strict schedules to adhere too.
And unlimited earning potential available.
You are the one calling the shots.
Building something that is truly yours and no one else and watching it grow liberating.
Also breaking free from daily monotonous 9-5 grind week in and week out.
Please do remember ofcourse being your own boss comes with challenges, but the rewards outweigh the risk of these modern toxic workplace environments.
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WE DON'T WANT ADS
Manscaped is everywhere
@@rerikm People will get fired if they stop ads. When we see an ad, a family is getting fed.
@@rerikm It's not and ADD!
The three things that don't exist anymore that have created the current nomadic behavior of employees... crappy benefits, no training, and no retirement. There is literally no incentive for loyalty.
Then there's also the part where to get a raise, you have to get a new job at a different employer.
I have great benefits and retirement and no training
Because of employees? Because of corporate behaviour more like it, to constantly want more for less. On top of that there is an outside pressure, be it at a social ladder, or freaking afford to exist, housing, food everything is a pressure that was non existent to ""loyal"" employees and that was easy because any job gave you expectations of affordable life. Now its not so, and as the video said there is a psychological game being played on the workers and its blatant to some (particularly the newer ones). People adapt to whats best, if you cant afford a freaking roof by working MORE hours than in the past with more productivity in an environment that can discard you, you would also be ""nomadic"".
And now add in AI replacing more and more jobs. There isn't really any reason to work for the future when you dont get to enjoy the fruits of labor. Why would I nearly kill myself doing a job that trains a machine that replaced me and I end up dieing in a gutter.
No expectation to own a home, no expectation to have a good spouse, no expectation to start a family, unaffordable everything… this is why there is no corporate loyalty. It is also the reason why nobody wants to work. Too much work, too little pay. The juice ain’t worth the squeeze (too much squeeze for too little juice)
classic "we need someone with 4 years of experience for this entry level job"
That offers minimum wage. An abusive boss. Garbage scheduling "We are too fkng lazy to do our jobs so a computer program spits out your monthly hours with zero rhyme or reason". Not only must you have 4 years, you must also be likable. I cannot think of a single product where you buy the cheapest possible item and expect it to be amazing. Such is work, lowest possible salary while they ask as much as they possibly can. The worst part is there's a trifecta that works against common people. Shipping jobs over sees, Automation and finally EVERY single year there's a class of high school graduates who are wanting to begin their life. And sadly that begins with a job. and exploitation. Not to mention our complete joke of a school system that only trains people for factory work while providing ZERO critical thinking ( despite having literally 12 years to do so) But instead have kids memorize and repeat. Because thats all a job is anyway. A person tells you exactly how to operate and you memorize and repeat.
In the tech world we're sometimes expected to have four years experience in some technology that's only two years old.
I will say that often the people complaining about this are college grads with no internship/coop/research experience. Like, you were surrounded by smart and motivated people for 4 years, but you spent your time playing League of Legends and smoking weed.
@@shawniscoolerthanyou Recruiters say internships don't count as experience.
Too many people looking for work and not enough jobs for all of them.
Companies can now hire experienced talent for lower wages and have 1000 applicants to choose from.
The market is fked
Don't invest time in a company that doesn't invest in you.
A company will not invest in you without you forfeiting the ability to take that investment and using it against them with a non-compete agreement, which are now illegal.
@@Drew-gi5dw I feel like I am lucky because my job does invest in me. I have been to 4 6000$ classes in the last year. And we don't do non competes. We do have non-solicits but we do government work so that makes sense.
@@LayKxD - I’m guessing you’re making that up. Either way, most businesses will not be investing further in their employees and instead be making them pay for those classes themselves. Or, more likely, they will simply take any important knowledge and skills and use systems to keep it hidden.
We have entered an era where every employee must become utterly unimportant and totally replaceable at a moments notice for businesses to survive.
That’s what killing non competes has done.
@@Drew-gi5dw Lol. Lmao.
so I'd never have a job
“Why did you get fired?”
In the past: “Because I said something, did something or didn’t do something.”
Today: “Because I was employed.”
So you’ve been fired more than twice 😂
@@royce9018 Getting fired or laid off isn't really under your control in corporate America anymore. The majority of people in their careers will get fired or laid off once, many times more than once. It's part of life. Learn and move on is all you can really do.
So? Who ever promised you lifetime employment?
@@kendallevans4079Boomers. Constantly. Won't shut up about it, in fact.
@@Demmrir gen Zero....only comment to whine...and only when phone battery fails!
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
With the US dollar losing value to inflation and other currencies gaining traction, uncertainty looms. Yet, many still trust in the Dollar's perceived safety. Worried about my $420,000 retirement savings losing value, I seek alternative security for my money.
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
That does make a lot of sense; you appear to understand the market better than we do. This coach is who?
Actually its a Lady. Yes my go to person is a ‘Sharon Marissa Wolfe '. So easy and compassionate Lady. You should take a look at her work.
I found her page by searching for her entire name online. After that, I emailed her and we set up a meeting so we could talk; I'm currently waiting on her response.
"Why doesn't anyone want to work anymore?!?!?!?!?"
Gee, I wonder why nobody applies to your introductory job requiring 5 years experience for $15 an hour.
Yep, if you ever hear anyone say that, you can finish the sentence for them in your head - "How come nobody wants to work FOR ME anymore?"
And of course the companies really hope that he or she walks in and offer to get paid lower amount of money of what the company posted the starting payment amount (example $15 per hour) just to get the foot in the door. Basically willing to work at the federal minimum wage amount.
Yes they post 15/hr but rather offer you 12/hr
@@rickyayy Or they offer $45/hour and ask for 30 skills and, when you can only provide 10 of them ... well ... you only tick 1/3 of the boxes so we can only offer you 1/3 of the money.
People say this, but where are these listings? Yes, I’ve come across them every now and then over the years, but I haven’t noticed any uptick in them. Are people exaggerating?
As someone who recently got laid off during an acquisition, i can attest to the fact that they tried so hard to squeeze as much performance out of us before they inevitably laid us off
Sorry to hear that. What type of stuff did they make you do? Were they firing people at the end of the day etc?
@bigsteve1664 what they did was pit us against each other and insinuated that our performance would matter in whether or not we were laid off. And in the end, the laid off 11 people on a 16 person team. And 2 of the people who stayed had connections to upper management. So, in the end, no matter how hard we worked, it never mattered. The decisions had already been made.
@@raynyamete5066smfh! Sorry about that. Butt kissing, nepotism, and befriending upper management are the worst in corporate!
The four months before my whole department got laid off we worked 60-70 hours weeks at the begging of management because we were years behind on orders (COVID spending gone wild)
Then as soon as the orders somewhat dried up we were gone, just like that
@@williambetzelberger6128 that really sucks man, I'm sorry you went through that
I'm working at a software testing firm and my company openly admitted that they're shipping all the jobs to India. And they're asking some of the team members to train the India team. Like bro the audacity 😂.
Things are bad in India as well !
You should all quit at the same time instead :)
This happens at a smaller scale in India too, due to the vast diffeerences in economy between states, jobs in my state is flooded by people who dont even speak our state's language or even English
to be fair, u gotta b more well rounded than just a tester.
@@JuicerNation bruh easy to say "just get a better job", "just be better", "just worker harder"
Corporate HR: "We don't expect you to be here more than 2 years, so we're not paying for any kind of training or advancement."
Same Corporate HR: "Why haven't you been at any job more than 2 years? We don't hire job hoppers."
Also same Corporate HR: "Why do you have such a long gap in your resume?"
I've been continuously employed since I started working back in the late 90's. Sure there were a couple rough patches where I relocated, but I've never been more than a couple months without a job in roughly 30 years. I've been jobless for over 85 weeks now, even with me learning new skills in my field and the heaps of experience I have. This job market f#$^ sucks, and is the worst in my lifetime, regardless of the federal jobs reports.
The federal reports do not account for fake job postings and the quality of the jobs offered. It makes me sick to watch them talk about the number of jobs created while so many of us are struggling to even get a response from places we’ve applied to.
Biden doesn’t care. He wants you miserable. He wants you on UBI.
He wants to OWN you.
Jobs created? More like jobs returned from covid.
You should've learned skills that made you invaluable
you should just lie about the gaps in your resume. no one calls back unless its an internal hire
@@Matanumi if yesterday's 'above & beyond' is what's required for a bare minimum employment, society is not working for the people within it, and it will collapse in revolution.
plus, if younger people can no longer even hope to afford the things that a "good" job used to buy, what's the point?
The point is to replace those young people with poor for migrants will do it for Less.
Race to the bottom. Dark but its what's happening in some parts
Exactly, so what's the point? No incentive
There is no hope of me affording the increasing rent and grocery prices while also paying off my student loans which didn’t end up getting me the decent paying job I was promised, or even have enough to save for retirement or afford have a family, so…why even try? There are no financial prospects left for me in the future in this country. I have no hopes for being able to own anything, ever. And any sense of stability you used to get from being employed by a company is gone, because they will throw you under the bus the moment they see a potential profit.
Having a job doesn’t give me hope for better future prospects, dignity, or stability. I wish I could’ve lived in a time where these things used to be true.
As a gen X’er it’s interesting cuz i got to taste a little of the old way and now the new way things are. The one thing that really jumps out to me is nowadays we have more options. We buy more things. When i went shopping for clothes in the 80s 90s, we had like 5-10 places, now we have thousands. For every business you have that many employees to support. So to me, we just support more people than we used to without increase in pay that matches our ability to support everyone and the keepers of the $ are hogging it.
The point is... We are all just cattle in line at the slaughter house... believing in a promise that will never be kept.
This is the focal point of falling birth rates. Gig economy means you can't afford a mortgage. Can't afford a mortgage, you can't establish a family.
It has more to do with the increased economic demands from women, coupled by men leaving dating altogether because of the increased awareness of how unbalanced legal marriage has become. Women have more options, it's socially acceptable for them to end and begin relationships for any reason, men have less options, yet men are still expected to follow traditional gender roles, and are still the primary drivers for doing work, so men at the bottom of society have stopped trying altogether, and men at the top never wanted commitment in the first place.
@@ZombieCSSTutorials If I was rich, I would have had 15 kids. But I'm not, so I have no kids at the moment.
@@ZombieCSSTutorials For me as a man, I want to get into dating, but the issue is a lack of 3rd spaces. I have home and work, and that's about it
@@Mafiakitty Kids are great. No one is ever perfectly ready to become a parent, just go for it.
@@jeremylewis5551This is horrible advice.
Sucks to be entering the job market right now as a recent college graduate. It was tough finding a job, and now it seems to be tougher to try and keep it. 😢
I feel for you man, best of luck out there.
I can assure you it was worse from about 2008-2013.
@@jakecarruthers6513 I'd disagree because even in the worst periods of unemployment in 2008-2013, most people had a job, whereas now, high rent prices ensure that even people with full time jobs are struggling to afford the cheapest apartments, which I'd argue is a worse situation.
The ratio of job applications to open positions has also increased several times over 2008, even though unemployment rates are lower.
@@GeoMeridium that's less to do with the job but more of the economy.
Yea it's rough I feel you, 2008-2010 was rough too. You cNt ever give up and sometimes you have to take a shit deal just so you can support yourself
You are describing a macroeconomic downward spiral. Workers and companies are increasingly trapped in a Prisenor's dilemma trying to outsmart each other. But eventually its just a loss for all.
Exactly this is not sustainable
@@Petey-se1lo Exactly, and the employees have the ability to walk out, the companies do not.........assuming they want to have a company still, that is. Pay us what were worth, train us well and treat us right and we will want to work for you. If you treat us like trash, and pay us nothing, well, youre gonna get nothing of value in return.
Class Warfare in a nutshell
No they aren't. His premise is factually wrong. Tenure has not changed.
"Job tenure for young workers has been mostly stable in recent decades | Pew Research Center"
"Tenure with current employer has trended up over the past decade | BUREAU OF LABOR STATISTICS"
Fair point. But worth to mention that this reports only numbers for young workers (
Funny. I'm currently in a related situation:
I got "promoted". But the promotion means that I'll effectively have less income, much more responsibility and work to do. I would have declined immediately, yet the new position just fits perfectly into my CV. It's also highly unlikely that I could land a similar position at a different company. Now I will just take the "promotion", learn the job at the company and get the appropriate salary in 2 years, when I switch to a different company. I would love to be loyal but I simply cannot afford it🤷♂
That's exactly the only way. Be constantly "underpaid", trusting the right value will come later at another company.
Sounds sad, but if you're constantly underpaid it means you're growing and improving.
Same boat in the nursing field. Nurse manager quit. Was offered the job and refused but I’m doing the job anyways lmao just gonna stick it out to get “nurse manager” experience.
Sameeee happened to me. It’s annoying.
Yes I’m an engineer now doing architect responsibilities for next to no pay increase… smh my only other option is spending the few hours not working or doing things to save money to interview
If a company lowers your pay, leave
I’m 26 and feel fortunate to grow up in a generation that didn’t give a single f*ck about company loyalty. We were collectively lied to about the importance of a college degree and so I think moving forward people my age will have a cynical view on what companies and large governing bodies deem *important* .
Yep. The company I work for used to have a pension, a good one at that, and switched over to a 401(k) shortly before I came onboard. Now they wonder why there's so much turnover. It's because the pension was the last incentive for employees to remain where they were. So now most employees change jobs every 2-5 years, sometimes just to return to the company with higher pay and position than if they had remained where they were.
No one alive and of working age now has ever imagined anything called "company loyalty", in either direction. It's just some nonsense that media talks about, like the tide pod eating epidemic.
Good luck to your future
Don't know anyone our age that believes in company loyalty, I have a pretty decent employer with lots of small boons but I have no delusion that they wouldn't kick me to the curb if there's an acquisition or other large change.
At least in companies that i saw personally, it is almost impossible to get promotion and the salary increases are just symbolic. Changing job is literally the only way to get higher payment. Funny thing the company will rather pay bigger salary to new hire then rise the salary for outgoing employee and it has nothing to do with work quality.
This is true. That’s why as a manager I try to see what I can do to raise salaries as much as possible. If the employee is “valuable” to my team, I’ll try and match…once I can defend the decision to the higher ups.
Even me, I recently started a new job and the reason why I left my previous job was because the new employees came in with more perks than I had…I quickly realized that the market was leaving me behind and started to job hunt. Now I’ve gotten the perks at the new employer that I wasn’t getting at my old one..and the funny thing is that my old employer would’ve found it hard to match what I’m getting now.
I’m giving myself another 4-5 years and then retest the market to ensure I’m getting what I think I deserve. Loyalty isn’t a thing for me.
My favourite one: You can't expect to earn more, you're a girl.
@@maiaallman4635that is not a thing
If you hire a guy that’s one guy. If you give raises that’s 50 guys. Also not every new employee is paid more. Unless there a time limit you can often wait for someone that won’t be demanding.
The best thing to do is just start looking for a new job while already at your job. Then you can be demanding and not in a position to acquiesce. After a couple interviews you can play the “would I rather stay here where In acclimated or risk something new” game. But if you’re going into interviews desperate you’ll be taken advantage of. Just like if an employer knows you’re complacent you’ll be not given raises. And at some point you will simply hit a wall where you can’t really get more.
@@humpteedumptee8629 facts. At some point you’ll hit a wall. Going into job interviews desperate is one of the worse things you can do. Never chase money…look for the right fit for you. I always tell people, all organizations have the same characteristics…the green isn’t greener, it’s green where you water it, like with everything in life.
As someone in the midst of changing careers entirely, the requirement of already being competent is a very scary one indeed. Hoping that it goes well, and I hope that one day we can pull ourselves out of this mess!
It shouldn't be. Look at it this way. More then likely all your co-workers don't know how to do the job so why should you?
Just survive your first year and switch to a new empyer that's the training
As someone who just graduated, how do you think I feel?😢
some people are afraid that the AI will be able to do their job, but better
I'll be happy if I can use such an AI to do my job properly in the first place xD
Lol,…😂 hold on your serious right? Still lol 😂 it not going to happen because this is what they want both wings of the birds.
Don't forget the mentality of "senior executives are never wrong". Seeing no accountability for high end mistakes, but the rank and file is roasted for minor messups
💩 rolls downhill
Seen this at a place I worked at. Management sets insane deadlines the rank and file states are unreasonable. Deadlines aren't met and staff are burnt out. The staff gets blamed, and fired, management gets a promotion.
I feel so lucky to be in a much better place now because that shit is still the norm elsewhere.
This the biggest thing at my company right now, like when the wrong materials are purchased it’s our fault for not double checking what the warehouse manager should have ordered
@@geremysorlinigiguere9535 Literally what happened at my last manufacturing job. Some of the staff who'd been there decades started leaving, everyone was tired and pissed off from being overworked, and the product was botched and poorly made because they wanted to rush for numbers. What's worse is it was cars. They're literally more interested in their product numbers and bonuses than the safety of the customers, saw it first hand time and time again.
Oh you've only been working here one month and you dont understand this complex system that took us 10 years to build? YOU must not be smart enough for this job...
A college professor of mine once told the class that the only job security we would have was our ability to find another job. I thought he was being a smart a$$ at the time (decades ago) but he was right. The only thing I might add is to try to get along with your coworkers as best you can. In the event of a mass layoff and a former coworker lands a job before you, they might recommend you if that company is in hiring mode. Have also seen managers walk through the office with a resume', asking if anyone had worked with that individual. That person was either brought in for an interview or their resume' went in the nearest trash can based on the response(s).
Sounds good in theory, but from personal experience there's few people who actually care and will try to recommend you. Keep good relations but don't invest too much. Work friends are not real friends.
true, when my boss had to pick a person for the internship he showed me a list of names and asked if i knew any of them
i didn't but he really had a hard time choosing, there were 25 applicants for one role, i think he ended up putting the 5 with the least job experience into an online roulette wheel and let it pick lol
@@mnikhk damn, who hurt you?
Yep. My work connections have always come through when I've been job hunting.
I stayed at one company for over 15 years because they invested in me and paid for 80% of my tuition. I left because the company was taken over by a competitor. After that, you were expected to bust your rump for a small raise that didn’t keep pace with inflation.
What field was it?
Same story here! My company paid for my tuition too, then got acquired, and now I left them.
@@Lexluthero124 - Computer engineering
I think it's freaking ironic that the generation that got significantly more on the job training than us are the quickest to ask why we want it. And I don't just mean this as learning skills, there are way to many jobs these days that don't have a defined process to their work, or actually secretly have an INCREDIBLY strict process that you won't learn everything about until you made every possible mistake.
yeah, it gets old real fast being told everything you do is wrong and it's your job to figure out how to do it right, under budget, or you're fired
All that training transitioned to online modules which do f*ck all for proficiency but saves the company money. Plus, the company can technically say you've had the training even if it is subpar.
You made me reflect on things and I realized why it's gotten so bad:
I've heard from some older generations that basically when managers come to you with problems they don't want excuses they just want "yes boss, we'll get it done!" And in the before times, that was ok and you were left to figure things out. But with everyone now trying to squeeze out every drop of "efficiency" they not only want you to just say "yessir" to some insanely ludicrous timeline, but ALSO justify every second you spent doing the task and why wasn't it done faster? Management (most of the time) is making no effort to build you up effectively, AND is standing over you all the time trying to confirm you're not a waste of money in the most dehumanizing way possible.
I am on month 8 at my current job. All my training has been informal, word of mouth “ this is how we do this process”. It’s been a nightmare at times, but actually quite nice all around. I’m a facilites manager ( first time in this role ). It feels like I’m living in a previous decade. If I have a question, I walk down the hall to my boss and ask. No one is breathing down my neck. When I screw up because they haven’t explained something to me yet, they shrug, say “ oh well let me bring you up to speed” and I get the full training. So I’m in the weird position of not being adequately trained but my admin understands and just rolls with it. It’s gonna kill me to leave this place in a couple years. They are paying 20% below market rate but I’m using this job to buff up my resume.
@@thelostcosmonaut5555 My boss literally ended my online module training early because he didn't want to keep paying me to learn the job. He told me to complete it on the weekends and so I never did.
It truly sucks just how bad the job market is these days. I’m a recent college graduate, and my only choices in jobs seem to be either jobs that pay so little that it actually costs money to work at them, or scams/ponzi schemes that are disguised as jobs. Not only that, applying for any job whatsoever usually requires writing more in resumes, essays, and cover letters than any assignment in cover. Even with the applications, it takes hours trying to figure out what ai filters the job is using, and how to get around that just for the CHANCE of a person seeing it. I swear it would take less less work and writing to write a book than it would to land just a single, well paying job.
Ueah, it's quite a bit worse then the word "essay" implies. You see, we are comparing based solely on quantity. It is much more tedious and brain numbing then writing an essay.
Never give them anything but your CV. There is literally zero reason for them to need anything more if they aren't actually interested in you.
As someone who was once in your position,I can tell you, you won't get a good job from the start, go and just look at any job in your niche, and apply to all of them, literally all of them, and lie, lie as much as needed until you get to the actual interview. There you can hone your skills to lie your way into a job. That's all there is now, at one point you will get a good paying job, but first prepare to spend a couple years in very bad ones , try to get some experience, and than you will be able to get to your first decent job, and than every 3 years, look and switch jobs with a reasonable explanation.
What jobs are you looking for? Shouldn’t be that hard to find a job and also depends how hard you are actually looking.
I came to that conclusion myself. Currently on the second draft of my novel.
@Manny Finding jobs themselves isn’t usually hard, and I can normally land any job if I get a FaceTime/
In-person interview. It’s the type of jobs that are usually the problem. Many normal and/or part time jobs that aren’t licensed or multi-year experienced usually pay at an amount that would break even at best, or would actually cost money to work there at worst. Other jobs I have looked at or interviewed were either churn sites that would in reality pay little, if at all, or were literal scams(it is scary how many times I have gone to a job interview only for the employees or even boss to describe it as a “legal Ponzi scheme”). I’m not too picky about where I work so long as it doesn’t fall into the previous categories and doesn’t rely on harming customers/harming myself. For reference, I live in the south Florida area. There, the average pay for normal jobs is usually between 30-50/55k, while the average rental price can be as high as $3300 a month
Employers are cheap and don’t see the value of steady, loyal employees
It’s more important to succeed in a quarter or in a half year increment because those admins are looking for the door and want a good resume too
employees are equally cheap.
Well--- that's what happens you expect some magical AI, CRM, HR algorithm or Web Portal to reduce redundancies and increase productivity. It did (when you fudge the numbers), but not only do those systems suck; all the benefits of the system are hoarded by the rich.
They have run out of levers to pull, other than mass layoffs. Unfortunately, the market doesn't see mass layoffs for what they are - failure of executive leadership.
Better to fire someone after 10 years, than have to contribute to retirement compensation funds.
Worked 6 years at a company... Top 5 sales, 6 promotions, presidents club, etc... Was let go 2 weeks ago due to the company downsizing. Really shook me to the core and woke me up to the true reality of the corporate cog.
What would you do if you were in the CEOs shoe?
You gonna keep going on until eventually the companies close down ?
@jac If I was the CEO, I would be refusing my bonus as I'm the reason that the company is failing, even with a performer like OP.
@@davidsloat1016 Will you step down and let someone else take your position ? that's my question.
No employee will see you " refusing a bonus " as a act of gratitude.
You think Elon musk will just " refuse a bonus " if he f*cked up
@@jac23538 Well when you Consider I was generating sales keeping the lights on.. At the end of the day he was paying me too much.
@@davidsloat1016 Will you step down and let someone else take over your position ? That's my question.
No employee will care about you" not taking bonus" as a act of gratitude.
Heck you don't give a F if your boss denies his bonuses.
People do care… the problem is the ones who do have no power
Just like everything other thing in life
Ain't this the truth
I currently work at Bridgestone Firestone automotive shop as a c-tech. They are trying to force ot onto me without compensation for that ot. My contract says I’m not entitled to ot pay, but it also says I’m entitled to refuse ot work. So I’m refusing to work the ot if I’m not going to be compensated. Congratulations Bridgestone you played yourself as well.
You signed the contract so its not like its a surprise.
Not at all them being played because you’re not working… but sure thing kid
Doesn’t make sense, what state do you live in? Also why would a tire company make you sign a contract that wouldn’t pay you overtime. I don’t believe that would be legal in any state
@@manny2562 You should ask a local 7-11 employee what Overtime Pay is. Fair warning: They may mistake you for a comedian.
Bridgestone Firestone hates their workers. They don't care at all lol
being disabled and job-seeking is even more of a nightmare:
fewer jobs you can do, fewer opportunities, possibly more ghosting from hirers, and the lack of job security means long unemployment breaks between jobs and overall earning less compared to non-disabled peers
Plus, if you’re in America, when you don’t have a job, you lose access to healthcare. Actual nightmare simulation we’re living in here
I asked my company to match an offer and was told they couldn’t pay that much because it would put me ahead of others who are above me. Those people were loyal to the company and thus their rates were no where near what the market rate.
They’re afraid of change that’s why they stay. You can’t help those people…if they can’t match, don’t be mad…move on. At least you’re accepting the challenge that comes along with change.
I have 3 years till retirement at age 50. That’s why I haven’t left. Not that I’m afraid, but to secure this bag,and start on the next bag.
No way around it. We're living in a fucked up world.
So true! On-the-job training is minimal. There aren't even manuals, process documentation, SOPs anywhere to be found. You have to go around asking different people from different teams how things work so that you can get a good idea of how the business operates and how you can improve processes and get them to make more money or reduce costs --the only things that will get you promoted and earning more money. My biggest piece of advice is to stay curious, ask all the questions, and talk to as many people as possible in the company. When you first start, seek out the few who have been there for 5+ years and really know how the sausage gets made. That institutional knowledge becomes gold in this environment.
But also don't come off too curious either because I noticed they don't like that either
That's called on the job training. Manuals and such mostly just get in the way of all that. I know because i used to work for some major call centers. New hires would spend a month doing classroom training and hit the floor armed with all sorts of company propaganda but no ability to speak to customers on the phone.
Masters degree required, starting pay $18/hour 😭
Best comment on here.
Plus 5 years of experience and required to have multiple certifications 😢
I have an associates and have experience in my field, and was still turned down for being “inexperienced” lol
The best advise I ever heard was decades ago. "always have a talent/skill in your back pocket so when the chips are down and you can't get hired you can still go out and make money to survive.
That's really good advice. Reminds me of something my grandpa used to say: "Never leave home without your parachute, you never know when someone will shove you out a window."
Like most competent game developers, they usually go off and make a new game solo or studios.
@@nonesomanynoneyeah, having a backdoor option at all times is good. Let's say that hypothetically I am a good cook at a japanese restaurant who can cook pufferfish dumplings, but my american overlords lay me off.
Now, me knowing how to weld or design furniture might just save me from poverty.
Yeah this was what I'm going to have to do. I can't find a job because even part-time, minimum wage seasonal work is getting 300+ resumes these days. I successfully ran a small business before, it was just a lot of hard work, but it beats homelessness.
Unless you're a savant or a super athlete, there is no such skill that companies can't find elsewhere for cheaper, either by outsourcing or by bringing in foreigners on temporary visas.
I worked as a snow shoveler, and my boss was taking spanish lessons paid by the company. 'Oh, is that a new company perk?' I asked him. 'No, it's to better communicate with the Mexicans we're bringing in' he replied.
People leave jobs because no one gives out raises anymore because they treat employees like a line item. As long as employees aren't valued they will leave.
It's because employers WANT Kamala's illegal migrants. Every nursing home I worked that was owned by a corporation was suddenly hiring coloreds and women in hijabs.
Job security doesn't exist anymore. Hell, I earned an award at one company 2 MONTHS before they laid me off (also my longest tenure)...
I've been in the workforce for 9 years, and in that time: 3 layoffs, 1 promotion (after switching companies), and 4 yrs of underemployment. Fuck companies, I'm consulting now.
How did you get started in consulting?
I hate this era. My ill mother has to move in with me. I needed either remote work or 20% more over 2.5 years of asking, all while my manager literally telling me I as a new person am 4x more valuable than others on my team. I have downshifted my output which I hate but for my sanity, and the literal only way to make more is to change companies. A fresh out of uni new hire makes 20% more than me while I am told there is no budget for my bonus or a 2% higher raise each perf cycle, so I am interviewing for a role that will immediately boost my pay by 80%. I want my job, I want to work hard here for less and it just isn't received.
I'm curious, what era would you have rather lived in?
@@thelight3112 The boomer era for me.
Fuck I wish I could've afforded a house, car, A FAMILY, vacation, etc and not getting rejected from positions which I'm perfect but somehow still not good enough.
Nowadays the money is barely sufficient for YOU to rent an apartment and eat somewhat decent let alone have a family
@@thelight3112 1950s-early 70s was a very good time to be a white man, a high school education basically guaranteed you a job that got you a house and a car. American society is still wrestling with the fact that emerged from unique circumstances that will never occur again.
"No budget" is just because the ceos want to pocket your money.
That company simply doesn't deserve you keep looking
As an employee in the marketing sector I can confirm all that is needed is a box of crayons so you always have a snack.
Are there a lot of former Marines in marketing?
I hear marketing departments have a two drinks minimum requirement; is that true ?
It amazes the shit out of me, that in 2010 if you worked in Sales Copy, and you were good, you could absolutely crush it and make six figs! Now as I understand it, it’s an 18 dollar an hour gig in some places.
I haven't worked more than 2 years at a job since 2018, two times were startup companies that had to cut due to funding, only one I left out of my own free will for a better position. Was laid off mid october last year and went through hell. 5 months without a stable income on a 6 week severance. Now I'm working freelance and it's been great in terms of money, but I can only see 2 months into the future at a time and it may dry up out of nowhere. This is no way of living. I just want a safe, boring, middle-income job, where I can stay for a good handful of years and get really used to. Starting over at a new position is a lot of stress to be doing so often and not being able to plan your life in the mid to long term is soul crushing.
Even the military lost their final benefit to dedicating yourself to 20+ years when they got rid of the tradional retirement plan.
No more pensions no more recruits or career military
The military still has their pension for those that serve 20 years and a 401 k plan called the TSP. What are you talking about?
@@oeckstei yes, they have TSP, but not a pension-type retirement. I retired in 2017 and am one of the last folks to have qualified for it.
@oeckstei a 401k type plan like Thrift Savings Plan is not a pension my friend.
@@oecksteiwhat? The legacy system is gone. It’s a scam now, there is NO TRADITIONAL PLAN ANYMORE lol.
I think there is a flaw in statement about self learning. Self training doesn’t get you as far as you think. In my experience in tech, recruiters don't care about your self taught skills - they care about the skills you have spent years using at work in a previous role.
I have heard recruiters say exactly this - why care for the skills learned in someone's home learnt side project when there are hundreds of applicants who have already been doing that for years at work in a commercial setting?
You've missed the point.
In tech, your self-taught skills absolutely matter... when you're already on a task and you need to get something done. You can easily finagle some project/contract/job as being relevant to the tech you're applying for. The self-teaching is for when they test out your capabilities, and you actually need to prove you're able to do the task.
@@jyashin you are right to a point i.e. self learning for a commercial project you are already working on. That has great power. However that doesn't help those coming into tech from other industries or applying for jobs using different stacks and technologies from what their current employer is using or will allow.
Startups are often flexible with their dev staff trying new frameworks, languages etc. in their current roles. Larger companies are less so - FAANG companies for instance often have their own in-house frameworks and tools that are mandated and don't transfer elsewhere. It is hard to finagle previous experience if the recruiter has a set of mandatory specific requirements and your experience uses entirely different technologies.
There are some possible ways around it - creating or contributing to apps with a large user base (i.e. open source projects) and maybe even revenue, applying for jobs in the early stage of your career that provide experience in a wide and updated set of industry standard frameworks and tools, avoiding recruiters and focusing on networking with hiring managers who may be more accommodating. However it is still very difficult.
@@paulmaxwell-walters8861 this is kind of how I've ended up in a dead end position. The only place where I could find work uses all internal systems. So I've worked with their in house systems for years and the longer I'm here the more screwed I am. All that being said I'm doing better than my peers that graduated with me. Even with college/university degrees most of them have not found related tech work. We could risk going back to school to reskill for a different or contributing market. But then you're gambling 2 - 4 more years with no guarantee of any kind of payoff at the end. It just feels like a race to the bottom at this point
And part of the issue is that many corporate jobs have gotten very complicated. Higher ups and older managers don't truly know what people are doing. They just see people squinting at a laptop.
Don’t worry, they have MS office AI training on our datasets as we speak…
@@budstep7361 these old ass people from the 80s and 90s can't even format a word document or connect their laptop to the screen thing they aint training shit
@@budstep7361 What is this mean?People keep saying these ominous things but not saying anything specific or even finding out what I do all day
Job security? Whats that? Whats a job?
can't get laid off if you don't have a job *taps head*
Job security is pretty much a myth
@@HowMoneyWorks Having a job is a natural right. For those into legal research the term to search in Lexis Nexis or Westlaw is "right to earn a living." Basically this means that breadwinners have a natural right to a safe job with just wages and at reasonable hours (e.g. not excessive) that can support him and his dependents and provide them with what is reasonably regarded as "the country standard of living."
The only way that a person can be justly discharged is through court. Lay offs are prima facie unjust.
@@HowMoneyWorks well, there's always the gig economy... right? (i'm not crying)
@@yoDibly Until you no longer have that anymore due to bad ratings or long car repair times.
I'm starting to get desperate. Almost 200 job applications and I still can't get another job. I'm going to have to start lying about what I know at this point
Just lie. Companies lie about pay, culture, job description and more all the time
200, lol 😂 You're a novice. I apply to at least 10 jobs a day. I've been a finalist for 6 figure jobs 12 times in the last 2 months. I've had 2 offers fall through since I was laid off 2 months ago. I've been out of college for 10 years, have a master's in management, and I've had 3 major career path changes. I get interviews for 3/100 applications I submit...
@@mrL9122 that's absurd. the system is broken.
I’m just going to kms fuck this shit
Look up to see how many people have fake degrees in the united states.
As "job uncertainty" goes, I want to emphasize the point that nobody is safe. I am a baker for Panera Bread, and our entire identity is clean food on bread baked from fresh dough that's delivered every day. Bread is in our name, it's on our logo, it's our whole persona. Unfortunately, I am in one of the final few markets that can even claim this. Most have moved to frozen bread and laid off their bakers entirely. When a company is so intent on lowering costs that it compromises its whole ethos to save a buck, you know you're not safe. I am counting down the days until I lose my job. The real tragedy is that my actual cafe loves me and my boss is trying very hard to get me raises and keep me on board. It's the happiest I've ever been at a job and I hate to lose it.
My boss has said that if he's even allowed to keep one baker (there are three of us), he's going to support me. Even so, I may not have a choice but to leave. So much of our product has been deleted or simplified (ie: pastries, previously hand-mixed or at least shaped by hand, are now exclusively freezer-to-oven). This has drastically reduced the number of hours it takes to pull off a day's bake, meaning I can't even get full-time hours out of the job anymore. Any further reduction (from using frozen bread) and I just can't pay my bills. That's the corporate hellscape we're living in, though.
It’s sad for the customers as well. We don’t like inferior product. We want the fresh baked stuff you make.
I entered the workforce back in 2008. There were layoffs just over a year into my first job and I was one of the ones to go. Since then, I've been through another 3 and after each one, I started to care less and less about getting let go. I'll just collect my unemployment and enjoy the peace until l find something else. I almost welcome it now, like a much needed break. I'm so over corporate life, the politics, working at a higher level than you're getting paid for smh so ready to get out, I just need to figure out what I'd like to do instead that also doesn't require going back to school.
Job security has been dead for at least 25yrs. If your 40yo or more you might as well forget about ever having it again because ageism and age discrimination are real things in the workforce.
More like self entitlement is on the rise
This doesn’t apply for government jobs
There isn’t job security for people under 40 either. The only people who have job security these days are executives
What none of yall are mentioning is...
*PENSIONS.*
they started being phased out in the beginning of the 2000's...
That was the day _'Loyalty'_ officially died.
🔥🔥🔥
@@HughJass-jv2lt gov job
One thing to add to the points in this video is the large volume of contract workers who in some cases work for a company for years with the hope they’ll be hired full time, but instead are dragged along as contract so cancelling their co tract (firing them) is that much easier
That must be for non at-will states? Whole bunch of states, you can be told to pack up without a reason.
So I’m gonna expose something… my boss at my old job was explaining how they will hire someone, keep them for around six months, then fire them quickly. He said that it hardly has to do with performance, but has to do with the fact that they can lie and get huge tax benefits by doing this. It made a lot of sense because I’m seeing so many people go through this and we still have stupid far right baby boomers believing our generation is getting fired for being lazy lol.
Oh wow that's insane, but I can believe it knowing how these corporate types are. Also, uhh the baby boomers are not far right. They started out as leftist hippies and turned into right libertarians or centrists. They're just selfish, lol. The real far right crowd is in their 20's and 30's right now.
How does a company get tax benefits for firing someone? You know how much work it is to look for, interview and onboard someone? That makes no sense.
@@africaribCan claim larger number of employees on the payroll and they get tax breaks for that.
So true, the lying that goes on ultimately to benefit the employer while employee gets screwed.
Well a lot of you advertise how lazy you are on social media so 🤷♂️
I work in an industry that quite literally can't grow fast enough. Why would I care about being loyal to any given company if said company would not show loyalty to me *AND* I can get a similar job basically at a week's notice? A lot of companies complain that "good help is hard to find" but when they do, some actually go out of their way to demonise them. Why? Because most of the time the long term employees that companies have are the ones that "stuck around" and not necessarily their best so when a new employee comes around trying to enact change or even question why things are done the way they are, it quickly gets shut down and the person shunned from the "club".
facts.
Watch out..! Companies that "can't grow fast enough" usually can't shed employees fast enough in a downturn, ANY downturn. I worked for one in the 90's.The tragic part was many people, mostly the sales staff, seemed to think the party was going to go on forever and bought mansions. 3 years later then were getting foreclosed on.....oh well, don't trust anyone/thing...invest in yourself!
I don't know if "all the people who've been here longer than me don't like my ideas for change" is an innately defensible position.
@kendallevans4079 he wrote an "industry" that cannot grow fast enough, not a "company" or "companies" that cannot grow fast enough.
@@donaldbiden9492 So? A company exists within a "industry"
All of this is spot on. The current economy and job market is awful right now. I am absolutely having a miserable time finding a job right now. Never in my life have I struggled to find work, yet I cant even land an interview these last 2 months. I feel like HR and hiring managers are so out of touch with the market, they are looking for the unicorn candidate that checks every single box. I was in charge of every project for my entire division but I am being turned down from assistant project management roles now.
I worked for corporate job on a 3 month contract through a hiring agency. I exceeded in work and passed up even the most senior workers and even made the company 1 million dollars. When I asked for a raise they didn’t even call me or notify for over a month and even after being there best performer I felt insulted and left. To top it off they had a layoff of so many managers and they only kept the people that actually made them money. But eh screw them, they fired people with families and they think ima stick up for them? Hell no.
I joined a foreclosure dept of a mortgage servicer as an analyst, they gave me 1 week training with basic slideshows, they promoted me to manager in March this year and gave me 0 training for the transition, and they had me interviewing people on the 2nd week
Yeesh, moving a bit too fast there, if you ask me!
I'm also not surprised that they didn't train you for the promoted role. No one gives a shit anymore.
@@LegendofKal had to interview replacements (I was switching job voluntarily) at my previous company, good on job training lol.
Came in clutch when I had to do the same in my current one despite not being a senior at the time.
I went from 58k to 85k in 7 years. This was simply just moving across three jobs at three separate companies with minimal promotion from my first to third role. You have to move around to get a raise!
A story about job security; about 20 years ago, a business started in Conway, Arkansas, that did one thing... rent-to-own car rims. This business does not offer any other service or side hustle... just rent-to-own car rims. Last week, I drove through Conway, and noticed they are still in business, and doing very well. Now THAT is job security!
Just because the business is still there doesn’t mean they haven’t had a marry-go-round of employees.
@@jordanhancock279 Absolutely.
A wholesome family business on the outside.
A exploitative and manipulative slave labor for the employees on the inside.
Companies have Red Flags..
1. When their running all day with skeleton crews.. (Being overworked is not fun, but the boss fake hiring is worse)
2. When they got a bonus structure (that's always being reworked or is unachievable)
Though I got fired for achieving bonus, so beware!
3. They're trying to give you Minimum Wage for a job with a hundred tasks and responsibilities
(I've seen those job ads that have multiple paragraphs for responsibilities, but they only require someone with a high school diploma and start at 7 to 8 a hour?! )
“Why don’t you have kids?”
*Laughs in millinneal*
21 and a half years, never a negative comment on any performance review and then it’s all gone. The health insurance alone was worth the position.
It's evident that job security doesn't hold the same value it used to. The constant fear of job loss, less emphasis on training, and the growing disconnect between employee and employer are indeed alarming.
Job security hasn't chnaged.
"Job tenure for young workers has been mostly stable in recent decades | Pew Research Center"
"Tenure with current employer has trended up over the past decade | BUREAU OF LABOR STATISTICS"
Was this written by an LLM? So weird
That’s why I chose Wastewater treatment as a career.
No college requirements/ no student debt
Absolute job security
Excellent pay 100k/yr+
Pension
It’s not a glamorous job but It’s an easy one.
Granted theres no mobility but I have no reason to leave.
Good talking points. A lot of these reasons can be applied to Australia as well.
I really hate changing jobs. The last company I worked for, I told myself I wasn’t going to look for another employer even though I didn’t really like it - I was good at it, I had a pretty flexible schedule and it paid enough for me to live comfortably. I got promoted twice and moved up in the company. But after almost 6 years I got laid off. I did eventually find a new job but I’m not going to pretend I’m going to be there any longer - I’m looking at job listing every day on my lunch break/working on starting my own business on the weekends. One way or the other I’m going to get what’s best for me - no loyalty for companies that aren’t loyal to me.
My contract will end in September. They won't continue my contract so....what a timely video man...
On the bright side, you have 3 whole months to find a new job. Most people get 2 weeks of notice if they're lucky.
Upper management at my job is starting to squeeze every ounce of my energy having us do overtime and weekends to get the work done. I hit my breaking point, taking my scheduled pto, more than likely some work won't get done. So I may soon be unemployed and looking for a new job. But enough of their abuse! 2 good years then they decided to be totally unreasonable just because they have that power. Well screw them. I won't slave away for a job like that, even if it is remote.
This is truly a sign of the end of having a decent living in America. Unless you have a trust fund of course.
I love how at 0:05 he says "the average time an employee spends with their company is now at the lowest Level ever" while showing a graph that says "Job tenure among young adult workers has remained relatively steady in recent decades" 😂 great use of sources...
He didn't say all time low, but might as well have said it. I think he meant "nearly at the lowest level ever". The actual number he cited was accurate at least.
It's an a.i. voice model.
His entire premise is wrong. Dude fell off.
"Job tenure for young workers has been mostly stable in recent decades | Pew Research Center"
"Tenure with current employer has trended up over the past decade | BUREAU OF LABOR STATISTICS"
I had a job that I could verify it was maybe 6 months before I started to learn the lexicon. 12 months before I really started to understand the questions being asked. 1.5 years before I truly understood the majority of the job. I was in a decently high position as well. My company took the time to let me train and understand the work which resulted in me crushing multimillion dollar budgets, even larger equipment sets, coordination of large scale million dollar events, and buying and moving equipment all around the world with extremely great performance marks that will carry me for any job search for years to come. TRAIN YOUR TEAM TO BE THE TEAM YOU WANT!
We all are going to be freelancers soon, no permanent employments any more.
That is the future
I move jobs when I stop learning and everything becomes a routine. I have yet to find a job that doesn't hit that point within 3 to 5 years.
This is why I'm grateful for a union. Collective bargaining, greater job security, and better working conditions. Corporations cut costs (and corners) at every opportunity. The union does a lot to help protect labor.
Or to stop you from getting a job when they decide to strike, force you to pay dues to work, and then take your money to lobby for things that make your job obsolete or you find morally objectionable. Yay unions.
@@LG-pt5kt and that's why you attend meetings, vote on union matters and policy, and raise grievances when you aren't happy with policy. You're a beggar by yourself. But you have real bargaining power in a group.
Have you ever had a union job before? I have one right now, and it's been nothing but good for me. a 10k salary raise, better insurance, sick leave that is nearly that which you get in the EU. Oh, and my union dues are opt-in only.
You do realize when a strike occurs its for the best of the employees. Its a collective effort that results in better pay, work life balances and other benefits. Also dues are paid to those who strike so you do get compensation. And with todays gig work when striking you can still maintain your salary. Idk why unions get a bad rep when they actually benefit the employees and maintain job security. @LG-pt5kt
@@LG-pt5kt Spoken like a true corporate stooge lol
The companies are fully aware skilled employees are planning their exits from Day 1. Many offer sign-on bonuses and stock options, both with the caveat of 'You must stick around for 2/3/4 years to receive this'.
That chart at the beginning is so funny.
"Lowest level ever"
>Shows chart with the EXACT same values in 1983 and 2022
1980-82 were recession years. Employment did not recover until a few years after that, but yeah, not "ever".
After 2 years on the job search for fulltime employment after graduating college, still have nothing and living with parents. Despite wanting to move out, I can't. I'm lucky I can live with my parents, but I am so ready to. May have to sell my soul once again and return to Walmart to inevitably hate my life.
I got made redundant from the dream job in 2020 during covid after 18 months of delivering a lot of efficiency and savings. I decided to become a contractor because my field is a statutory obligation so I will never be out of work and there is a big shortage of us. Each contract is between 3-12 months and can be anywhere in the country. I've just started my 8th contract in 4 years and whilst that sounds like I have little job security it's actually had the opposite effect. My CV is so dense with experience and I've mastered interview skills to the point I was picked for this new role out of a dozen other candidates. I could never see myself working full time for one company years on end when as a contractor I get different experiences and literally double the pay.
How did you get started in contracting? How do you handle getting health insurance benefits?
I get so sad when I see old tv shows and movies depicting someone getting to have the continuity of retiring, with a lavish party and a defined benefits pension from their first and only job.
Same. I get angry when I see people enjoying themselves and the things they have knowing that I'm toiling away at a job.
This is why you unionize. I have job security, penison for retirement + 457 plan, great health insurance, yearly raises, opportunities for promotion EVERY year, etc etc.
What field?
Small city with a terrible job market in the midwest here. I've worked at the same place for 15 years. Been employed by 5 companies.
Hired in as a sub contractor -> contractor -> contractor got bought -> customer brought us in house w/no idea how to handle us -> customer sold us to another contractor.
On the bright side, it keeps adjusting my wages up; on the downside I don't care about who I work for. I'm going to take care of my customer so they ask to retain me at the next exchange; the profitability of the company that pays me? Who cares, they'll be gone in three years and I have a mortgage to pay.
I'm staying in a crappy job that refuses to give me more than 5 hours a week because I just need to have a field-relevant job for 6 months to get the work gap off of my resume. But the job market is so bad for software right now that job postings actually get taken down by the companies that post them in less than an hour because they'll get 150 applications in 40 minutes.
Wait wait wait... so these companies want to simultaneously make life better with their awesome products all while keeping their labor costs low?! That's impossible. As the company succeeds at their mission, the average worker is going to demand more in wages and benefits. Companies are just complaining they can't have literal slaves!
Yes. This surprises you? It's all about the short term baby, tomorrow doesn't matter.
Why do you think they keep borders open?? Cheap desperate labor
Pretty much yeah. Just as customers want the best product for the lowest cost, companies want the best efficiency with the lowest pay.
Hate the game, not the player.
Does it make sense now why slavery was practiced throughout human history before bans were placed on it?
@@jyashin how can I? The players keep staging coups to prevent us from playing a different game!
I live in Denmark and its an insane imbalance between when it comes to how fast you can get fired and how slow you can get hired.
Workers rights not the biggest thing in Denmark?
@@pspmaster2071workers rights are not a big thing globally lol
@@jordijimenez2634 I asked because people love to say how much better Europe is than America. I even heard people say they would love to move to Denmark.
I've been in the corporate world since the late 80's. This is nothing new. I remember in the 90's that the average length of stay in a company was about 2-3 years, with workers changing jobs upward. I had done that myself for a while, though not always upwards. But company loyalty went out the door as soon as the phrase "layoff" was made popular in the 90's.
The part where he said “when they apply for a real job in 2 years” about young consultants/accountants is hilarious 🤣🤣🤣
Big 4 in a nutshell
In the last 10 years I’ve trained myself for every job I’ve had and it’s laughable to pretend that a company actually invests in people
So you can work the fryer and the grill now as well as register? Well done
@@royce9018 you’re delusional if you think multiple industries haven’t done this. Healthcare, retail, food, construction, and logistics all did that lol
@@albongo3949
Especially care jobs have the problem that the employees have to pay their own trainings if they wanted one, or otherwise simply learn by doing and do it ‚illegally‘.
Those are people who LOVE helping others and really WANT to do the best job they can, but the working environment is so friggin toxic that it is not humanly possible anymore to do this for too long.
@@royce9018 - You sure seem to have a suspicious amount of free time for someone who is acting smug about other people’s jobs. Maybe try getting one yourself champ.
When you saw your parents and grandparents slaving in a J O B with barely any worth during, little options after the “niche” experience. It’s all frustrating
Great. Our corporatocracy is becoming self-damaging like our politics and everything else!
It always was.
they've always called us expendable; it's just taken us a long time to realize that they are as well.
Job security has never existed. It is an imaginary perk employers dangle in front of employees to guilt-trip them into staying at a job they hate when in reality, they will drop them at the first sign of economic trouble.
What you're saying wasn't the case for my Dad, though he is highly trained and knowledgeable and at the end of his career (the entirety of which was with the same company) was earning within the top 5% nationally, and had head hunters contacting him at the age of 63, so maybe a bit of an exception to the rule.
If you want job security, becoming an agronomist is a pretty good option!
Job security was a thing until the Great Recession in 2008. Most Baby Boomers and older Gen Xs didn't have to worry about layoffs.
I’m sure we look back on past decades with rose tinted glasses to some extent, but to say job security never existed doesn’t quite track. My understanding is, from like the mid century through the 80s and 90s, you could count on decent benefits, a pension and the opportunity to stick with a company for many years, perhaps even a lifetime, unless you were a terrible employee. So, I think it was possible at one point. Certainly uncommon now
with union jobs, your work is MORE secure, not guaranteed but way more secure than a mcjobber or a staffing firm position, i guarantee you that
Government employees disagree in most cases
Potential for getting fired isn't always a positive motivator as is implied in the video. It can motivate employees to just comply (even to bad actions) or be afraid of being truthful (in a way that benefits the company but might piss off a boss/supervisor).
Or half-ass their job, because what the point? Your boss wants to fire you anyway, unless you bust.
This is one of the things I have loved about moving to Germany. Life is MUCH less stressful.
Employees that don't move to new job every 2 years is loosing out on potential income. It's a downhill spiral. Just too many peolpe
The only training Ive ever received on the job was the yearly mandatory safety training where I learn time and time again that I maybe shouldnt be using wet electronics with cables sticking out of them.
Unionization is the way to prevent this BS in the workplace.
A well spoken analysis indeed, however there is one main reason, senior management only cares about reaching the fiscal year goals, they don't care about long term company's health, if the company fails, they'll go somewhere else, with an amazing CV of achievements
Business owners, in general, don't care about your happiness when there's a stack of résumés on their desk. This is why they so often keep 100x the profit vs your salary for themselves now.
This is why we need less immigrants and H1B
I’m only 25 but after 10 years of working I don’t stay at any job longer than 1.5/2 years. That whole first year is acting like everything is all good while I quietly observe the BS with management and the company. Once they tell me if i’m getting a raise and how much that’s when I decide if im going or staying. I have 0 loyalty.
That's probably fair today because it seems the new standard. I doubt they feel any to you. Easy come, easy go. Corps brought this on themselves.
The bottom line is companies think they can take shortcuts. They can't.
I've had 17 jobs since i started working at 15. Crazy. I'm 26
The other side of the "job security" coin was totally missed. When an adult needs a roof over their heads, a mobile phone, transportation and insurance on it, etc., these are typically acquired by entering into long-term contracts that must be paid every Month. Large gaps in employment are not conducive to keeping current with these financial obligations.
I know it’s redundant but I’ve been following you basically from the start and this channel has quickly become a must watch anytime you and your team publish anything - keep up the good work!
I just start half butting it about three months in and start a new job search and put on my resume that I was at my last job for 2 years. Haven’t been caught yet…because no one seems to care
Same
that's how i landed my first job. i applied somewhere that required a certain skill which I did not have professionally. I did it on the side but not for a company. So I put it on there as if I did it with the company I was currently working for hoping they wouldn't check. They didn't. Got the job and crushed it.
@@freedomring3022 Sweet. If you don’t mind me asking what skillset was it?
@@amritsingh1493 writing C# code
@@freedomring3022 IT skill?
I love how having a certificate for some nebulous training scheme is now considered the same as efficiency, proficiency, dedication, good attitude, and competence.
My OR lost 3 nurses who quit, followed by one asking for transfer. We then temporarily lost 2 for a torn ACL and maternity. That's just shy of half our nursing staff.
Each surgical case requires an RN to be there. At this point, management nurses are having to work cases, call that used to be only for evening and night emergencies is now being extended to forcing people to come in during the day, and the remaining nurses are getting increasingly irate in what will obviously not be a domino effect of nurses quitting due to the increased workload of nurses quitting.
How is corporate handling this? $40,000 hiring bonuses for new hires. $5,000 bonuses for employees that bring in RNs. Contract job positions that will pay travel nurses double to come in to relieve the pressure.
And yet we're constantly told by corporate that we're on a shoestring budget. Those bonuses alone are $120,000 that could have been spent on retention.
If more nurses quit and replacements can't fill the gaps, we'll eventually have to close OR rooms and cancel cases. That is a HUGE loss of money for the hospital.