Bitcoin Forum

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I haven't seen it mentioned anywhere. But it is possible that one of the reasons people are quitting in high numbers involves them not being able to pay their bills with the salary they earn. Which has to be a tough spot to be in. It is known that many homeless living on the streets, have stable full time jobs and simply cannot find residence within an affordable range.

Is it possible that economic and living trends will naturally shift in response to the shifting nature of wages and real estate costs. Perhaps in the future our culture will shift to become more nomadic and rural. People will adapt to become more like atilla the hun or genghis khan. Or is a shift towards nomadic lifestyles, no longer as easy as it once was. Nature and the wild no longer being able to offer as much in terms of potable water or foragable sustenance.

While we have definitely seen a shift towards offgrid living and organic farming becoming mainstream trends. I don't think we have seen the full evolution of the cultural movement that will be spawned by automation of jobs and other modern trends.

One interesting statistic to know is how many americans are currently employed in the crypto industry in the USA. And the size of the unbanked demographic. We have recently seen countries like spain, el salvador, argentina and others cater to digital nomads and crypto whales in an effort to achieve the opposite of capital flight. It has long been acknowledged that small business owners are responsible for the creation of 50% of new jobs. In which case, perhaps this makes the crypto industry with its good growth, liquidity and small business support as a logical sector to tap in order to stave off some of these negative economic conditions.

I wonder why people are quitting their jobs? I know the most reason would be due to low salary, but how can they survive if they're not working? I think any people will accept any jobs even though how low the salary is, rather than become unemployed and doesn't earn anything. So IMO, they've already find a job that paid very well in private, which is like a programmer where they got paid with Bitcoin and they have a chance to publish it, so the government think they're not working, but the truth they're working in their home.

Yes I never understood this either. I think what is happening they are quitting bad jobs like at McDonald’s and basically staying unemployed until they find something better.

Most likely their friends had a bad job, at min wage and they looked for another job which was more fun and higher pay and they told all their friends about it and they also quit. And this is most likely all these min wage jobs that nobody wants to work because they are over difficult.

That seems like the complete opposite of the logical thing to do, because even the shittiest-paying job is better than whatever you could get from government assistance programs.  That said, I don't have a clue why people are quitting their jobs or what the real state of the economy is.  Usually when there's an economic downturn, unemployment is high and people hold onto their jobs for dear life.

What?  None of that makes any sense, especially that crap I bolded.  Sure, some people quit jobs without having anything else lined up, but that's a stupid move and not one most people make.  It'd be nice if the data released broke down the types of positions being quit.  McDonald's never seems to have a shortage of employees, by the way.  That's a transient job for most, so I doubt that's what this news is all about.

Not a good reason to quit since crisis still occuring and they will go broke if they quit without having an alternative profit source. To many people accepting low salary jobs at the moment just to survive the ongoing crisis and maybe this kind of incident maybe a part of protest to the government to do something related to this issues. But all of this are just temporary since those guys will find job after they realized that they cannot do anything with these issues and they in badly need of money.

Or, maybe the salary is fine but they are extravagant so they need to find a job that pays more to get the things they want. Or, they are envious of others salaries they see on different social media platforms, so they quit and try to do the same. Some are transitioning to working online which is more relaxing and pays the same or even more. That is also the trend right now and some people always follow the trend.

I saw someone who's got a decent job but I'd forgotten the state and still ended up being homeless after years of working. It could really be related to the economic downfall and the state where they're living. But another reason is that their way of living and the salary they earn isn't really enough for their lifestyle. I'm balancing my thought about it because when someone who's earning decently but has a luxurious way of living, that's really not sustainable. While in the US, the number of quitters are increasing, in some other countries, jobs are too limited.

I've also seen a documentary about homeless people who work as accountants or have other regular jobs.I used to believe that being homeless meant having no job, no family, and nothing at all, but after watching those documentaries, I realized that they were actually living on the streets by their cars while still going to work as having a house is very expensive even if it is an apartment.

Back on topic, does this imply that they are changing careers or jobs to ones that pay more? This probably is true since waiting for a salary increase will take more years than finding another job, but again, the competition right now is difficult. But that is only the reason I can see why they quit their jobs, even if the situation right now is very difficult.

Wages that cannot cover all the necessities of a human being especially those who have a family. But I don't like quitting the job while there's no back up yet. I'd wait to see if I have a high chance to be employed again in another company before I pass my resignation.
Being idle will get you nowhere and that means hunger. On top of that, what will I tell my wife? ;D About the street people though, I saw one streamer exploring Los Angeles and he was shocked at how many homeless people are there. Maybe that kind of strategy does work but only for singles.

Should we be worried about this statistic? The quit rate growing from 2.6% to 3% doesn't seem like a big deal to me.
The ability of the people to quit their job and find a better job fast is actually a good sign for the labor market and it's flexibility.
However, we don't know how many of the people, who are quitting manage to find new jobs.
I think that the amount of job openings will start decreasing at the beginning of 2023. The labor market cooling down is supposed to be a signal for decreasing inflation.

A commoner who commit him/herself to a day job with low salary and can't able to fulfill the monthly bills with the salary they're are getting thinks that they will stuck into more debt if they keep stuck in their so they quit and trying to find a new one which may fulfil the bill requirements. But as a temporary solution they can look for a part time job too which comes handy and give them a choice for their survival.

But with the inflation rate its not really possible for an average waged person to survive so government has to do something to reduce the inflation rate or pass a policy to increase the minimum wage policy according to the inflation increase.

It will be pointless working a job that cannot pay bills completely, It is also dangerous being idle and without any Job.  The economy is in a terrible state and there is a need to be smart when making economic decisions. If you know that you can make the equivalent of what you make from work and even more from whatever skill you have but just need to dedicate more time to it, quitting your job is better off because salaries are fixed and rarely reviewed even if things are extremely tough economically. If you have no skill and know that you cannot earn the equivalent of your salary if you quit, holding on the job while looking for another better option is better than just quitting.

Do they have better alternative? wonder what make them quit their job

Amidst a global recession, if some people are quitting their jobs, the reason must be far more serious than we can fathom. Not able to pay the bills with the salary, can't be the sole reason for quitting jobs. If that is the case, people will find a better paying job before leaving.

But it seems that the career interests of the Americans are shifting. Instead of taking up jobs in corporates, they are becoming more interested into farming, entrepreneurship etc. Due to the cost of living in the big cities, the interest is shifting towards the countryside. Going back to the roots has its own perks.

The economic crisis and recession has something to do with it, like for example when the salary they were getting wasn't even growing but the stuff in the market like their needs and wants getting expensive/growing. What would you think you would do if all of your efforts for hard working isn't enough to satisfy your needs.

I'm sure they aren't just quitting just to stay unemployed there has to be a reason and maybe they want a job that's worth their efforts and energy plus the stress and anxiety. Most of the people I've known or seen finding a worthy job that will give them enough to balance the overpricing stuffs in the market.

I believe that those people are working for a long time on a similar job so they also feel bored and they are now deciding to try something different. That's not a bad idea IMO only to bring back their excitement in life. Jobs outside like farming seems to be fun and relaxing in fact. I mean we can inhale the fresh air outside. We are exposed to sun and we can see the nature around us.

If our concern is only the cost of living then I think quitting our current job is not a solution but we can still do some alternatives like budgeting. Either in the food that we eat or consuming electricity, water, etc. Adding another small job on the side should also help us to earn an extra income.

I guess,they are quitting their jobs and get into something independent from an employer, like self work. For instance,they can start up something on their own to sell or do that is more better than the pay gotten from their jobs. It is stupid to go and work for someone and at the end of the week or month,you can't take care of your basic needs with the pay,the best thing is to quit and look for something more helping. In my country as long as you are working, some of your relations will always ask you for assistance and when you tell them that you don't have,it will look as if you are greedy or don't want to give them,unknown to them that you pay can't take care of you properly. Inflation is everywhere and you will find out that your money worthless everyday by day.

Would be totally no sense if you do quit or resign for your job just because it doesnt really fit out on their living or wont be that sufficient.If you do look towards on the action that you would potentially make then it

would really be worsen up your condition on which if you dont have job then where you would be going? Dont make things even more complicated, if you do find out that your current earning isnt sufficient then
finding another source would be sensible rather than on quitting directly. Basing up on op about increasing rate of quitting their jobs then it is one of the obvious reasons but wondering on how they would
really be able to sustain themselves.

When I was in high school a bunch of us had a crappy min wage job. Then one guy from work got a job at a construction company which basically paid double. Was almost same amount of labor. And one by one we all quit and went to work for that construction job.

This is pretty much what is happening with many. A lot of people got crappy jobs with bad pay and right across from them is an employer which pays them more for the same amount of work. So eventually these people quit and go work for the other employer.

Stop working and accept PMTH assistance programs, Both look stupid and very unreasonable, I'm starting to realize why PMTH provides assistance programs for its people?

• To be seen they care

• Make the people dependence

• Security when they are in power.

What they do actually makes people more lazy and stupid, when people expect PMTH to be present to provide free and instant employment and remain comfortable with existing assistance programs, then therein lies a country's setback in preparing existing human resources.


And did you know "That those who work in parliament look like joking, but the salary is quite serious"

In our area many factory and small compans with home industry scale, they have never lacked workers like mcdonald's that you mention, there is no other choice but to survive in existing work. Because when employees chosen to go out, the number of unemployment available, much smaller the number of compans that are going to accept new employees, then each choice is in each individual.

did anyone actually try to read the data.. or just the opinion of the media clickbait title
november      november            november      november
2021 (Xm)     2022 (Xm)          2021 (X%)     2022 (X%)
   4.51               4.173                  3.0                2.7

the quit rate has gone DOWN
but by category of majority downs here is the ones where quit rate went up
https://www.bls.gov/news.release/jolts.t04.htm
                           2021           2022
Transportation,
warehousing,       186k            276k
and utilities

Finance and         85k               91k    
insurance

Arts,
entertainment,     68k              79k    
and recreation
   
Real estate
and rental           48k               51k
and leasing

atleast now you can discuss which industries had more quitters for context

Quitting doesn't mean they become unemployed!
If you had a quitting average of 2.7% a month how this article tends to imply, it would take only three years to have all of the population out of a job which is clearly not the case (https://www.bls.gov/news.release/pdf/empsit.pdf). There was an increase of the total number of nonfarm payroll by 223,000 in December, and that couldn't have happened unless not only all those that quit got a new job but more of the previous unemployed got one too. Besides, even if these numbers are not that scary, it would mean that even if this peak would be the norm on average a US citizen would change his job every 3 years and two months, taking into account that this includes the youngsters who are rarely keeping their first jobs for more than a year it stops becoming an exceptional thing.


That happens mainly on Youtube and Instagram, in reality :

The problem is that there are a lot of people who are unemployed as well. Which means that not only people quit, but they also do not find jobs like candy neither. Plus, it means if there are too many people quitting mcdonalds and start working at burger king, and the ones at burger king quit and start working at mcdonalds, the teacher and the designer that has been looking for work for the past 6 months are not in this calculation.

So all in all, there is a problem with not offering good enough wages and not enough jobs at the same time. Just because you could find near slave conditions work anytime you want, doesn't mean there is no job shortage happening.

Me too I never understand why people are quitting their jobs. I mean I know the infraction rate is high all over the world and most people are complaining because of the low salary but still I don't understand why people prefer to quit their job instead of asking for more salary, personally if the same thing happens to me I like to do not quit and find a new job or try to get a second job to solve the issue because having a low amount of income is better than getting completely no income.

Since we are in the recession period, I don't think it's a good idea to quit our job. Yes, there are better opportunities that offer higher salary rates but we have to assure that there will be a quick alternative for us to rely on before leaving our job. We need a stable source of income to sustain our needs because we can't rely on the help of the government or any charitable group to help us. No one could help us survive this situation but ourselves.

I wonder how exactly it works in US? Is it really that bad in the nation in which hi towers are built and unimaginable modern techs are formed? How on the earth we can hear such bad news one after another from the most developed continent around the world? Is it a joke or is it grim reality which is just coming out of nowhere just now!
Also why are they quitting the jobs? If they have jobs, they have something in their hands and they should make good use of it. That is called as improvisation of the life standards and possibly the accounts!

People are very sensitive to the fairness or unfairness of a situation, they know the people at the top of the most prominent companies around the world are earning a fortune, and yet they are being asked to work for minimum wage that barely allows them to pay the bills, so many people are walking away from such deal, now this does not necessarily mean they are not working at all, but that they prefer to work off the books and claim unemployment checks instead.

I'm sure the answers lie on them on why they have to quit perhaps they have someone that could support them temporarily or they have some savings or they maybe have two jobs already and is trying to quit the other job since it's not giving enough money. We can think any kind of situation they are doing but that's just for them. The reason are always this recession that gives us an economic crisis that not just in US happening but around the world.

Lol! When the bills knock at your door, excitement takes the backseat. That's a very very silly reason for leaving your job without having another stable source of income. So I can clearly say that it's not the case here! Obviously, there will be some exceptions. But at large, bringing back excitement is not the case, to be honest!

A person will only become interested in a job when it will pay the bills and also have some money to save for the future. If the income level is not supporting these basic necessities, it makes no sense to be in a job. The cost of living really needs to go through a reality check in big cities. If it keeps on rising, all of American jobs will surely go to Asian countries where the cost of labour is 1/4th of USA.

It's quite ironic to see Powell so against people finding newer and higher paying jobs because wage growth isn't keeping up with inflation largely due to federal reserve fiscal policy. It's on him for causing the issue in the first place. Retail sectors saw large artificial increases in wages after the government began paying people to stay home. Retail sector is particularly low paying so there were a lot of employees that were benefiting from working zero hours and perhaps even making more money for doing so. Combine stimulus money this as well. Now, fast forward with high interest rates and a recession looming in the background causing inflation to outpace wage growth -- these number should not be unexpected.

That could be a reason too as they don’t declare their source of income so the government might think that they are just quitting their jobs for nothing. But I believe the most possible reason why people quit because of low compensation and because of poor environmental that they don’t want to belong anymore. And thankfully, we have online crypto jobs that are paying us well and are certainly more convenient to work at home than going out working in an office.

it may not be crypto jobs for others, but maybe other freelancing jobs that they can do at the comfort of their homes. they may not be quitting from working but they may have find alternative jobs that are less stressful and at the same time they can still take care of their mental health or well-being. because if people are truly quitting and not finding other income generating options, then how can they survive? so we may not be seeing the whole scenario here but i guess, people are just looking for alternatives that are better suited to their newfound lifestyle.

Compensation probably the issue and maybe an over work, there’s a lot of factors actually to be considered and quitting the job doesn’t mean you’ll stop working maybe they are just looking for a better opportunities and better offer. Its good that we have crypto on our side, being a trader can be considered as your job too, so do it seriously.

Right. Those jobs who need more effort and hardwork are instead the low paying jobs so expect that employees will never stay and work for them for long. They will really quit and will look for better jobs that they will be satisfied with the compensation. Also, these employees might be quitting because there are more online jobs right now that are offering bigger salaries by just working remotely, and these jobs do not require more heavy works but more on good analysis and thinking.

For sure they are really that trying to look for another job while they are still staying on their current jobs.Some cant really just risk out on being jobless and thats why they would really be dealing off with low pay
rather than on having nothing at all. Quitting is something does have the reason which neither could really be on personal reasons, low salary, or not really worth it, being fired or lay-off.
This problem isnt only happening on one spot but also in other countries as well on which it is really a common economic issue. For affected workers then it wont really be
shocking on whatever decisions they would be making.

I am sure many have experienced this but how many times did you go to some Restaurant or Fast food place and there are signs it’s either closed or short staffed and wait times are longer? Or you go to some business and the person working there has no clue how to do anything and tells you “sorry I just got hired here and just figuring everything out”? Probably happens a lot.

And you can see how the cycle is going. A low wage worker quits and gets a better job. And the first job had a vacancy and the only way they can survive is to pay more. So wage growth goes up. And both jobs have low productivity workers because they are new and this is stagflation pretty much.

if a restaurant made good food in the first place it would self sustain
restaurants that make poor cheap bland food natural see customer shrinkage thus then see income shrinkage that then see lay-offs and eventually close due to unsustainability

as for staffing
hiring people in 2019, training them up adding in costs of pensions and other employment benefits puts some employees way above min wage in 2021.. when a business needs to go back to bare bones lowering outgoings and increase income.. they need to kill off the dead wood. first they need to remove the main large cost employees and swap for cheap labour. not the opposite

the only time the opposite is true is when they want to rejuvenate, renovate, rebrand or re-open under new management as a offering good food again to grab more customers again
this requires a large investment and training and benefits
in more cases than not.. businesses opt for the first option. to decrease outgoings

most of the time you cant just legally lay-off someone for bland reason. without offering a severance/compensation. so easiest way to get rid of dead wood and do it cheap, annoy the heck out of them until they leave out of their own free will
(stop offering overtime, promotions, flexitime. change their shift schedules. ask them to do work favours during breaks)

That's the reality and I think in the current era, jobs that rely on the physical pay lower than jobs that rely on the brain,
sometimes seeing like that feels unfair but we also can't do anything,
Online jobs are currently very popular besides that the salary is also big.

Quitting doesn't mean that they will be unemployed. I believe that they will find another job maybe because their salary isn't enough to pay their bills.

I don't know if it's only me, but I think quitting your job just because you wanted too and don't have any alternative into it is just pure stupidity. I mean in order for a person to live, they must work (unless there are some people who can work for them which is a bit crazy).

One reason why many are quitting probably is because they want to work from their home. More convenient but at the same time, pays higher. I watched a Youtube video months ago saying that this trend will continue in 2023 and it seems like it's happening.

Some people resigned not because they found another job with a higher salary. It is very likely that the original company has been unable to pay him the salary he needs. He had no choice but to resign. Or maybe he is younger and he thinks he has a wider world. Working in a small office is no longer enough for him.
People have to live, and life depends on sufficient funds. In fact, if you don't have money, you can't live well. This cannot be denied.

I wonder what percentage of people resigning falls under them trying to find a more meaningful job rather than just running for a higher salary, or if they were in a mobbing environment, because looking at these percentages, I'm sure that not that negligible amount falls under it.

What happened to keeping the job, looking for another one with hope, and managing the current one? Maybe there are external factors other than this one because it doesn't make any sense at all even in an ideal situation, and private jobs aren't too standard enough to meet minimum wages to handle bills they have at the end of the month either. The assumption that an employee left their job because they saw their friends quit is irrational and makes no sense.

I think that the increase in the number of employees who are losing their jobs is due to many companies preparing for a recession. We have been seeing headlines that the US will most likely enter a recession this year, even though the government has been denying it. Crypto companies are not exempt from these mass layoffs, which may be why we are seeing an increase in the number of employees losing their jobs on monthly basis.

That would actually happen as no one would want to stay longer in a job where workers are underpaid, so they would always look for a greener pasture and that would mean living their current job in exchange for a well paid job. And luckily, some of them find their satisfaction working in crypto jobs as they are well compensated and eventually develop more learnings in the crypto world.

Well people these days have learned to be appreciative even in low paid jobs as inflation is now uncontrolled and they would surely suffer the consequences if they cannot make a sustainable income. But if they have reasons to quit because there are already well paid jobs waiting outside, then why not? After all, people will eventually love their new work as long as they receive high salary and that their efforts are well compensated too.

One of the probable reasons I'm seeing is related to the other topic you opened for discussion. Side hustles are now more attractive than permanent jobs. And for so many reasons. For one, you will earn better doing side hustles than being employed. That itself is more than enough for employees to quit from their jobs. Other than that, side hustles could give you a lot more time for other important things. With a full time job, you're bound to be on duty, for example, from 8 AM to 5 PM, and 5 or 6 days a week.

Other factors like burn out, toxic supervisors and bosses, toxic workmates, mind-numbing routine, lack of personal and career growth, and many others are also valid reasons for many to quit full-time jobs. Especially because there are side hustles that are available.

Maybe it's because of what you have mentioned already, they can't pay their bills with their salary on their job. The problem is that most of the Governments around the world doesn't care about the increase of salary, and they don't also make a plan on how to fight the increasing prices of every products that we need in everyday lives, maybe they have, but always acting too late.

That's why maybe the americans quit their job, finding other opportunities outside their comfort zone.

I'm not advocating for the government but if you are the government, do you have a plan for the current crisis? Crises caused by wars and pandemics both come so quickly and unexpectedly that no one is ready to respond in time. Even a great power like the US is not so well prepared, much less should blame poorer countries.

Increasing wages is only effective when a country's economy is growing well, in this case if goods increase due to inflation and the government increases wages so that people are comfortable spending it will make inflation harder to control. A country's economy isn't as simple as you might think, raising wages won't solve anything.

Well, when something super unexpected happens nobody is ready for it at all. It is not even just about pandemic, which is a global thing that happened 100 years ago last time, so it is normal to be not ready for something like that at all, it was totally out of the blue and even if you could get ready for it a lot better, most nations turned that into political stuff and didn't want to do what is required to be safer.

Like masks and vaccinations which would have helped people save themselves, was turned into political ideology, politicians who got the vaccination went to get votes from people who didn't just for more votes. Hence, being ready wasn't the issue, not being willing was.

You have a good point. There’s a lot of factors to consider why every employee end up quitting his job. But the most possible reason I think is they found better opportunities outside their job, which means better compensation and better work scenario that will create higher advantage on part of the worker. Otherwise, if an employed person suddenly quit from his job without valid reason, he must prepare himself to suffer from economic downturn.

This can be the main reason, looking for a high paying job instead of working over work and underpay, this could be the case and the unemployment rate of US is quiet low as well which means many are working actively that can help them financially. Those companies should assess the reason why many are quitting their job, are they paying them enough or giving them enough recognition? This should be their assessment and adjust accordingly.

People quit their jobs for various reasons. Most of the time, people quit in search for better opportunities or work pay or most times, both. But there are also some major reasons people could be inclined to quit. People quit cause they may feel undervalued or undermined. While the pay may be good, some employees may quit their jobs cause they’re being undermined or not valued in the work place.
If an employee quits his job, the person must have been prepared for the reality of being jobless.

Perhaps that have got to have a path in to it but I think, people have more of understand the rat race and simply wants out. Who wouldn't?
The rat race is almost like a song on every one's lips and the inflation has made people realise just how bad it is to be in the rat race.
Nothing pays more than having your own thing going and with the lots of opportunities online, we've got individuals searching out means to make some good money and fend for themselves/family.

A company might only get to pay you 10-30% of what you generate but having to have your own thing going is the real deal and people are taking them chances.

along side there are big companies which are firing their staff members- amazon being on the top then comes twitter. There is already so many jobless people.
This would result in more crime and robbery. The inflation is already at the peak.
where is the world heading towards. That is alarming.

Quitting doesn't mean the employee will no longer seek for another job, they are simply wanting a better treatment or working environment(to some cases). I'd do the same thing if I would be uncomfortable with my job but that's indeed true, it is hard having no job at all. I also want to cut the relation of crime rate to people who quit their job. As I've said, quitting won't make it certain that the individual will be homeless or jobless forever, that depends on them. In terms of going for the exist from a company, reality is, there are really many job opportunities out there having different standard but you would be able to get one if you can sacrifice some factors if you just want to such as lower salary or toxic environment; depending on what you can endure.

I just hope people don't start raiding, pillaging, burning, torturing and murdering like the barbarians of the old days. :D

While I see some people from big centers looking for a peaceful fresh new lifestyle on the wilderness, I don't know the percentage those people correspond on the bigger picture. As I observe these are older people who are on their 50's and 60's. The youngs still prefer the urban lifestyle and wouldn't stand the simplicity, challenges and difficulties of the daily life in countryside areas.

These people in US must be quitting their jobs because there is a promise of something better they can start working with, as the american economy is already showing signs of recovery against inflation.

I would also like to move to a calm place and to wilderness. I am too tired and sick of all the loudness around. In our society people don't count mental health as issue - they would always think its black magic -- however the jobs are reducing and people are shifting to the business and that has encouraged small business alot

Inflation has without a doubt made a lot of people to begin to think about topics they had decided to ignore for a very long time, and those quitting their jobs are most likely doing it for three different reasons, the first is they got a better job elsewhere which pays them more for the same amount of work, their current job does not allows them to pay their bills and they prefer to quit as it makes no difference if they work or not, and finally they are being underpaid for the work they do and they think they can make more money by becoming independent contractors.