Ask HN: Are you part of the Great Resignation, if so what's your story?
Did the pandemic influence you to be part of the "great resignation", i.e did it motivate you to take an early retirement, work less (go part-time) or even have a major career change (become a farmer, go to med school...).
This phenomena remains the most puzzling macro trend and doesn't seem to be a US-specific one (it is also very visible in UK and European data[1]) nor does it seem transitory so far, so it would be interesting to get a tech sector snapshot of what is driving it.
[1] https://edition.cnn.com/2022/03/30/economy/great-resignation-uk-australia-europe/index.html
55 comments
[ 3.2 ms ] story [ 134 ms ] threadAn alternative more rosy scenario is that the Great Resignation becomes even more entrenched leading to a radical change in society such as 4-days week becoming normalised or mass support for UBI.
You know all those people who just quit with no plan, they need money now, let's do UBI. Seems like a hard sell
EDIT: I should clarify that a job like motorcycle mechanic shoud not be perceived as a demaning job as compared to a technologist role...Rather, this is one job that i legitimately have an interest in...and one reason is becauase i feel that i can leverage my problem-solving skills but also the part of my brain that involves using my hands in a different way than typing and/or pulling network wires, etc. Side note: I owned a home for 22 years and learned along the way that i like "working with my hands". :-)
Yeah, that's one issue that i have as well. While, yes, i mentioned motorcycle mechanic as one option for me, i have other directions which i can take...and just can't decide. Sadly, i lack the cushion that you made for yourself, so i feel like whatever directions i decide, i'll have to be careful, lest i get to my latter years a tad too poor to stop working full-time, etc. ;-)
But this can't be the sole reason. For one thing it is hard to monetise asset prices to get cashflow. But the truth is it is one gigantic puzzle in the macro economics world and you just have to read some central banker transcripts to see how perplexed they are by the entire thing.
I think we're seeing people take early retirement (and some increase in mortality/disability) and the higher than usual vacancies they're leaving create an effect where people get hired or promoted into those spaces. The ones who get promoted then leave a vacancy at the lower levels for other to jump into. The increase in wages over the past couple years is enticing people jump around, which I believe is creating a lot of inefficiency (along with potential burnout), which is leading to companies increasing headcount to try to make up for it, while exacerbating the labor supply issues.
But who knows...
The staffing issues at the lower level of society mean that the wages are actually going up - I make 15/hr and could ask for more. (I don't plan on staying long term so I probably WON'T, but I'd get it). Which is around 31k/yr compared to the 50k I was making (unlike most people here, I don't work in tech - I might change that, I don't know). It's doable short-term with some savings as a cushion while I mentally recuperate and lets me be picky about what I jump into next.
The types of jobs that are hemorrhaging people are office jobs paying in the mid 5 figures in my experience, and one component is that now those people can walk and pick up a job in the service industry and not completely lose everything. A 20% paycut is easier to swallow than a 60-70% one.
We've also gotten good at reducing our expenses.
And it's a job I can leave at work, where I very immediately have an impact on people, and don't hate people after every shift. Before, I was working in political/civics communications.
Which is why I'm taking my time figuring out what to do next. I don't want to jump into another pressure cooker.
In 2020 I was thinking in buying a bigger house at some point, but COVID made me realize that I can be very happy with a more modest lifestyle and that it's just not worth sacrifising my health and joy to have more money in the bank and/or a fancier house when I die. It seems obvious, I know, but it took a global pandemic for me to realise it ¯\_(ツ)_/¯
(*) I decided years ago to live well below my means and only buy a property if I could pay off in less than 8 years, rather than a fancy house that would require me to take a 20-30 years morgage. Best decision of my life.
How would quitting/resigning a job and moving to a new one that offers better aspects not qualify?
The rhetoric in tech has been that you need to change jobs every few years to keep a competitive pay because companies will reward your complacency with uncompetitive raises. To me it just seems like a lot more people are buying into that now than previously.
The pandemic opened up the possibility of remote work for a company overseas in a completely different field. I chewed on it for nearly six months but ended up taking the jump. My previous employer was totally shocked, even going so far as to offer an on the spot promotion (during my resignation phone call) they had been dangling for about a year. Now I'm earning more and stretching myself again -- it was 100% the right call, although a bit less stable.
This would have never happened without the pandemic both creating the possibility of change (remote work) and the flash point of stress over a year or two that made me wonder about something different.
People figure out that they don't have to accept crappy working conditions and the COLA raises they got are not covering the inflation. Some quit figuring that they'll take a break.
Employers had to offer better pay/work conditions to attract new people. People that left told everyone. People that stayed figured out they were paid peanuts compared to the newbs. Welcome positive feedback loop.
So we quit our jobs, sold our house, and bought a sailboat that we are working on making fully independent with solar and a watermaker. We still need money though. In the short term we have a cash buffer, in the long term we are hoping to do two things, optimize our cost of living and increase the revenue of the side business. If we are unable to balance the needle within three years, we will start taking on freelance assignments.
I also think that it kicked people in the pants and made them realize they had no idea how much time they had left. Confronting their own mortality made them realize what they actually wanted out of life.
It was weird for me to watch, because I was diagnosed with MS in 2016 and went through a personal version of that, just to come out the other side and watch everybody else have the same crisis.
You're not going to find out the exact breakdown with a self-selected sample of a few hundred Hacker News readers.
As for an explanation of why churn rates went up so much (that is, people are quitting jobs at a much higher rate even if they largely are not completely leaving the workforce), that seems pretty easily explained by the move to remote work. I'm not meeting your criteria here because I didn't change industries, but as soon as it became possible to work for a Silicon Valley software company paying much higher rates than any local company without being required to relocate, I absolutely did that. Labor has far more options now that they aren't limited to only working for companies with an office within commuting distance.
How is that possible when it seems like every place is hiring? It's obvious that retail/restaurants are short-handed, but every manufacturing company in town is hiring. Every week there are articles in the news talking with business owners about how hard it is to find people, people accept the job and don't start, they quit after two days...
A few years prior to the pandemic, my brother shared a story from the medium-sized manufacturing company he worked at. A rumor started that an "ICE raid" was going to occur sometime during the week. Something like 1/2 to 2/3 of the factory workers didn't show for work over the next couple of days. Even assuming it was less impact than that, it seems to say that a significant number of factory floor workers were in some kind of position that caused them to fear ICE.
I am . . . bearish . . . on trusting news articles about this topic. There are just so many incentives to shape articles to get clicks . . .
Get shingles from stress, working insane hours as I am now working from home, no work/life separation. Company had absolute insane micro service architecture, to the point of being a parody. Fires every other week, people jumping on at all hours to dive into why service X caused service Y and Z to fail. Hundreds of services owned by just handful of teams means your days are filled with meetings discussing impact of plans on other services, just so far from being agile, juniors all the way up to your best engineers are caught up in bureaucracy.
Then my mother gets highly aggressive brain cancer, I’m going to her doctor appointments with her, trying to help figure out her options. Work no longer matters, I can’t even pretend to care. We discover she will die within months, ask company for family medical leave, they give me three months, but she is still alive after this time so I quit. We go on a road trip together, it is nice but also she is seeing her limitations, lack of balance, failing eye sight, it’s sort of dawning on her that the end is near. She got medication to end her life and dies in her living room with her three children and her brother and her husband there.
I break my arm badly, need surgery, no longer have medical coverage, over 10k dollars spent on cobra + deductibles. Would have been in worse place if cobra wasn’t still available. After watching my mother concerned about thousand dollar brain scans with insurance and my own issues now have small glimpse into insane inequity in medical system within the states.
My partner quits her job and we travel across the United States for 3 months for relief and in search of cheaper land to maybe build a farm. The US is beautiful but nowhere is really that special compared to where we are from (our biggest take away is more how similar everywhere is). We travel to Europe for 3 months, visit her family and come back. Travel back across the states to the west coast with goals of starting a company and getting a house.
Want to work part time but cannot get a loan without salaried position. Starting back where I left off again, entertaining offer for much smaller startup hoping to start with better work-life separation and exercising every day, staying active and taking regular breaks. Life is overwhelming but exciting and we look forward to having a stable home and income again.
Sorry, i didn't mean to make this somr sort of streaming conciousness message...Just watned to say sorry about your Mom, and kudos to you trying something different! And, of coiurse, i hope things work out for you, and wishing you the best of luck and opportunity!!
I was probably going to leave my previous employer eventually, but it would have taken longer and been contingent on many other things.
Fast-foreward 2 years later, and i'm now back in the corporate world (ugh!), but at least making about 15% more than when i was hit by lay off at end of 2019. So, nice increase in pay, healthcare is not as great as back in 2019, but not as bad as the non-profit...but of course not happy. I don't know where I will end up next, but for sure the corporate world and most non-profits are not for me.
Wife and I had worked toward FIRE for a while. In 2021 it became financial viable. We have been transient in North America and Europe since October 2021. Our plan was to never work again, but some friends convinced me to take a contract job that is ~25 hours a week.
My motivations for leaving: New manager due to re-org, company's goals changed, non-necessity of work for survival, identity issues around career, pressure from family because I wasn't happy. All those motivations lead to suicidal thoughts. I have always done ux, design, and front end development. I think I am going to start a more traditional computer science education path because I find it enjoyable and could be fun for a second career.
At this point I can do about 4 stints of 15 minutes of physical labor per day, if I'm careful about it. I'm 1/12 as useful as I used to be, which is barely enough to avoid ending up in a nursing home bed.
Got pension, had "enough" pension, had "enough" of working and decide it was the time.
Feel quite sorry for my younger colleagues going to agile stand-up meetings that add to workplace strictures more than they create "fun energy".