In addition to the job hopping you’d expect during the boom, the pandemic created more jobs further afield and expanded the number of companies willing to hire outside major coastal cities. That has given workers in remote-friendly industries, such as technology and finance, more leverage to ask for what they want.
“Employees have a completely unprecedented bargaining power over the next 18 to 48 months,” said Johnathan Nightingale, an author and co-founder of Raw Signal Group, a management training company. “Personally, if I’m not satisfied with my current job status, I have a lot more options than I ever had.”
YOLO’s individual decisions can depend on many factors: the cabin craze, low interest rates, the emergence of new get-rich-quick schemes like NFT and meme stocks. But many seem to be concerned with a deeper, generational disillusionment and the feeling that the economy is changing in ways that reward the insane and punish the cautious.
Some in their late 20s and early 30s – mostly those who went to good schools, worked in highly reputable industries and would never be classified as “essential labor” – Tell me that the pandemic has destroyed their belief in white collar career paths. They watched their independent-minded peers get rich by joining startups or gambling on cryptocurrencies. Meanwhile, their bosses are engulfing them in mundane jobs, or trying to automate their jobs and often failing to support them during one of the toughest years of their lives.
Latesha Byrd, a career coach in Charlotte, NC, said: “The past year has shown how companies really value their workforce,“ Continuing to work for companies business as usual has become more difficult. Our life changed overnight. “
Ms. Byrd, who mainly trains women of color in areas such as technology, finance and media, says that in addition to suffering from pandemic-related exhaustion, many minority employees feel that disillusioned with the employer’s shallow commitments race fairness.
“Diversity, equity and inclusion are extremely important nowadays,” she said. “Staff wants to know, ‘Is this company helping me?'”