Tag Archives: Workers quitting

Sunday Talks, Is It Omicron Creating Societal Disruption via Staffing Shortages, or Are Companies Missing the Unvaccinated? By Sundance

Many of the workers who have the integrity and initiative to walk away from a job because of a vaccine mandate turn out to be some of the the company’s best workers. From Sundance at theconservativetreehouse.com:

An interesting question surfaces as the vaccine mandate is enforced.  Is it the Omicron variant creating the labor shortages leading to “societal disruption,” or is it the absence of the unvaccinated workers who have been removed from many companies?

In this segment, Dana Bash asks the chief White House political scientist if the nation should prepare for major societal disruption under the guise of Omicron.   As we have previously noted, the absence of a small number of highly efficient and productive employees, the vital few, can have a major impact on business operations (Pareto’s principle).  Is that what we are really seeing, and they don’t want to admit it?

It does not seem coincidental the specific areas cited by Fauci, police, fire and first responders, are the exact jobs where the vaccination mandate was the most controversial.  Additionally, the percentages he cites are very similar to the unvaccinated percentage previously reported in those work groups.

A data driven Suspicious Cat remains, well, increasingly suspicious.

You decide…

Airline cancellations today, again exceeding 4,000 [FlightAware Link]

It may be an uncomfortable or politically incorrect thing to say in modern times; however, twenty percent of the workers in your system of employment deliver eighty percent of the productivity. Yes, 20% of the workforce around you delivers 80% of the result. This natural truth has been consistent for decades, and within that truism is the nature of man – found in the Pareto Law.

Continue reading→

The Power of Labor: Record Churn & Quits among Workers as Employers Desperate to Fill Huge Number of Job Openings, by Wolf Richter

Workers should be in the driver’s seat as far as negotiating wages and benefits go. From Wolf Richter at wolfstreet.com:

Millions of people are still watching this spectacle from the sidelines.

Widespread labor shortages have caused companies to offer higher wages, sign-on bonuses, improved benefits, schedules, and hours. This has the effect that people who already have jobs switch jobs to better their situation. The company that lost the employee now has a job opening and needs to compete in the job market with higher pay, etc.  It’s this type of arbitrage by workers in a hot job market that causes wage increases to spread – and employers have raised wages by the most in 20 years – amid record churn.

The number of people who quit jobs voluntarily to work for another company, or to stay home and take care of the kids, or to spend more time with their cryptos, or whatever, spiked by another 164,000 people to a record of 4.43 million in September.

Nearly all of these “quits” (95%) occurred with private sector employers, where quits spiked to 4.22 million, up by 29% from September 2019, which had also been a hot job market. The year 2019 had already seen the highest quits rate in the data going back to 2000. But since March, the power balance between labor and employer, driven by labor shortages, has changed dramatically.

Continue reading→