Blame it largely on the pandemic, which weakened the hold the workplace held on people’s psyches

By outward appearances, the labor market today looks much as it did before the pandemic. The unemployment rate is just as low, the share of adults in the labor force is just as high, and wages are growing at roughly the same pace after inflation.

But beneath the surface, the nature of labor has changed profoundly. Career and work aren’t nearly as central to the lives of Americans. They want more time for their families and themselves, and more flexibility about when, where and how they work.

The impact of this change can already be seen in both individual companies and the broader economy. It has led to a persistent shortage of workers, especially in jobs that seem less desirable because, for example, they require in-person work or fixed hours. That, in turn, has altered the bargaining position of employers and employees—forcing employers to adapt, not just by paying more but giving priority to quality of life in job offers.

To be sure, some of these changes arise from an exceptionally tight labor market. If unemployment rises, some of employees’ newfound leverage may evaporate.

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  • Semi-Hemi-Demigod@kbin.social
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    8 months ago

    Peter Gibbons: The thing is, Bob, it’s not that I’m lazy, it’s that I just don’t care.

    Bob Porter: Don’t… don’t care?

    Peter Gibbons: It’s a problem of motivation, all right? Now if I work my ass off and Initech ships a few extra units, I don’t see another dime; so where’s the motivation? And here’s something else, Bob: I have eight different bosses right now.

    Bob Slydell: I beg your pardon?

    Peter Gibbons: Eight bosses.

    Bob Slydell: Eight?

    Peter Gibbons: Eight, Bob. So that means that when I make a mistake, I have eight different people coming by to tell me about it. That’s my only real motivation is not to be hassled; that, and the fear of losing my job. But you know, Bob, that will only make someone work just hard enough not to get fired.

    Plus ça change…