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Brain -> RE: Is the tea party over? (6/14/2010 10:45:53 PM)
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Good that you know because I don't know what the hell is going on anymore.
In the past three months, more people have quit their jobs than have been laid off. Are workers more confident or are they overworked and can't take it anymore?
FTA:
The economy has seen substantial growth in GDP, which has been climbing much more rapidly than employment or the number of hours logged by workers.
Rather than hire new workers, employers have been content to simply give the existing work force more hours. "Consequently, people are just working longer or harder in order to get the work done," Bishop says. "That's how we accomplished big increases in GDP."
And that's got another expert wondering if those workers quitting their jobs aren't just plain overworked. "Could it be that people/workers are just sick and tired of producing more and more only to see executive pay increase?" asks Michael Brandl, professor of economics and finance at the University of Texas at Austin.
He may have a point. After years of recession and financial distress, it's no wonder many Americans are fed up. They've watched as home foreclosure rates and the numbers of jobless have skyrocketed. All the while, many on Wall Street and in corporate executive suites have been largely unaffected.
Maybe in quitting those jobs, some Americans are taking a stand, echoing the words of civil rights activist Fannie Lou Hamer, who once said, "I'm sick of being tired."
People@Work: Americans Are Quitting Jobs Again. Is That Good News?
After a deep recession that saw the loss of some 8 million jobs, the U.S. unemployment rate lingers near its highest levels in decades. But that isn't stopping some people from telling their bosses they've had enough and are calling it quits. Data from the Bureau of Labor Statistics show that in the past three months, more people have quit their jobs than have been laid off.
Quitting a job in this economy would seem to fly in the face of common sense. But some analysts say the resurgence of growth has some workers feeling more confident about the future. "I think that people are less frightened. I think that people now feel as if the jobs they wanted are starting to open up," Clark University labor economist Gary Chaison, told the Marketplace radio program.
Still, with 9.7% of Americans unemployed, according to the Labor Department's latest report, the U.S. employment picture has a long way to go before it once again appears anywhere near normal. Things are just starting to move in the right direction, says John Bishop, associate professor of Human Resource Studies at Cornell University's ILR School.
http://www.dailyfinance.com/story/careers/americans-are-quitting-jobs-again-is-that-good-news/19514220/
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