Is salary important to workers? Bet your bottom dollar it is.
“Employees will go where the money is. And where they’re treated respectfully and valued. But, mostly, it’s the money.”
When we asked those respondents to choose from a list of top reasons why they’re open to new opportunities, nearly two-thirds (63.4%) selected “I need to make more money”.
That’s more than double the next-most popular reason, which is “I need a fresh challenge” (24.6%).
Work flexibility (20.8%), meaningfulness in work (19.3%) and career advancement (also 19.3%) are other leading factors prompting the drive to explore new job opportunities. Still, those numbers pale in comparison to compensation.
Warren Buffett shares two stories about women who started from nothing and sold their businesses to the legendary investor. This is one of the greatest speeches Mr. Buffett has ever delivered and he also gives really good advice to all entrepreneurs in the audience.
Warren E. Buffett is an American long-term investor, philanthropist, business tycoon, and the chairman & CEO of Berkshire Hathaway. He is considered one of the most successful investors in the world and has a net worth of over 100 billion dollars.
Buffett was born in Omaha, Nebraska. He developed an interest in business and investing in his youth and made truly incredible stock market returns over his career.
Work hard, make money, send your kids to college, retire to Florida. it sounds nice in theory, but the reality of work in America is dramatically different from the American Dream we’ve all been taught to believe in.
YouTube comments:
“You aren’t paid by how hard you work, you’re paid by how hard you are to replace.”
“I used to work for a company in Montreal (Québec) that had an important partnership with NY and, you guys, you are INTENSE. This American girl spent three weeks at our office, and she proudly said she would stay in the office until 2 a.m. just to get the project/ do a certain transfer on time instead of waiting the next morning like a regular person (or just tell the client that we were humans beings getting good night sleep at 2 a.m., and postpone the thing.). For her it was perfectly normal, and she looked at us as if we were lazy for going out for beers after work and getting a life. All my American contacts were like that, to different levels, but from our perspective they were always “difficult” to work with because they did not have limits or boundaries with work…I was regularly receiving emails at insane hours from people working in the same time zone as I was, and one girl was impressed that we were NOT doing 12-hour days. In a way it was sad.”
“I’m American now living in the UK. I had the American work mentality when I moved here and everyone thought I was crazy. I felt so guilty taking any of my 25 paid vacations days a year. I would log into my work email whilst on vacation and got told off for it. I got pregnant and only took 6 months of my 9 months paid maternity leave. I eventually calmed down my workaholic tendencies and honestly I feel more balanced. I enjoy my time with my son and husband. We can plan vacations abroad 2-3 times a year and I’m able to shut off as soon as I leave work. Don’t even get me started on healthcare.”
“Being a truck driver…I get paid to go on road trips and listen to Rogan, other podcasts, and music all day.”
“Not in the warehouse world. No no no. If you tell your boss you got 3 hours of work done in 1 hour they will then dump everything on you. They will continue adding to your plate. You’ll get the opposite of fired. Youll get so burnt out and stressed that you quit.”
“Some people die at 25 and aren’t buried until 75.”
“The absolute worst thing in the world is knowing you can finish all of your tasks in one hour but you have to stretch it out over 8. Pure torture.”
Tech jobs are known to have some of the most lavish benefits and perks, not to mention some of the highest salaries in the country. Still, that is not enough to keep some millennials from quitting. CNBC Make It spoke to several people who left their lucrative tech jobs to find out why they did it and what they are doing now.
YouTube comments:
“I am 50 years old working in the high tech industry, mentally tired and sick of the weekly 8 to 5 routine. Never got a proper day off even through the pandemic. Hats off to the millenials and GenZ that think differently and put more weight on LIVING rather than just WORKING.”
“As someone who used to work 80 hours a week, quitting my job to become a freelancer was the best thing I have ever done. Sure I still work a lot of hours and often close to 70-80 hrs a week, I feel like I am doing this for myself and not some corporation.”
“I worked a low paying tech job for six years and still felt the burn out. The problem is that tech is very fast paced and competition focused. You can barely keep up. Though I got promoted regularly, my higher ups told me the truth before they left, they said that I was severely underpaid based on my skills (essentially I branded myself a one stop shop for the marketing department as I am both technically knowledgeable, people oriented and strategic). I maxed out at $50K. So I decided to jump ship with little planned. Now I run a financial agency with my husband and we make $250K a year as entrepreneurs and we have the freedom to set our own lifestyle.”
“We don’t want perks. We want more money and we want autonomy. It’s simple.”
David Rolfe Graeber (1961 – 2020) was an American anthropologist and anarchist activist. His influential work in economic anthropology, particularly his books Debt: The First 5,000 Years(2011) and Bullshit Jobs (2018), and his leading role in the Occupy movement, earned him recognition as one of the foremost anthropologists and left-wing thinkers of his time.
“I always thought after I graduated college and got my first job at corporate I thought finally got a job I could never lose. Boy was I wrong. I’ve seen some of the best coworkers I had get laid off because the company decided the department was no longer needed. You really need to take charge of your personal interests because no one else will.”
“You see, jobs are temporary, they come and they go. Your skills, personality and attitude stay. So smile, take a step forward, and do whatever you love. Thanks Matt! :)”
About his father being laid off from his “safe” desk job: “You can fail at what you don’t want, so why not take a chance on doing what you love?” – Commedian Jim Carrey