Tuesday morning news drop
Winners never quit — unless they want to see a bigger salary increase. Research has found that “Quitters” earned higher percentage wage gains than those who stayed in their existing jobs. The average salary boost employees receive when changing jobs is between 10 per cent and 20 per cent, according to Forbes. Regardless of the absolute level, the underlying is sound: Employers looking to hire have had to raise salaries to attract workers. This not only leads to job switching within a given industry but has also led to career changes, as workers upskill and switch fields to have more lucrative careers. This also explains in part why so many low-skill, low-wage positions have gone unfilled. Whether they're looking for a change for better quality of life or pay, job seekers in Canada appear to have the upper hand amid the labour shortage seen in the country. (Global News)
The Great Resignation has employers sweating. It’s time to escalate the pressure This is a once-in-a-generation ‘take this job and shove it’ moment – which gives workers an upper hand. Let’s demand better hours, pay and work-life balance (Guardian)
Make Learning a Part of Your Daily Routine In our increasingly “squiggly” careers, where people change roles more frequently and fluidly and develop in different directions, the ability to unlearn, learn, and relearn is vital for long-term success. It helps us increase our readiness for the opportunities that change presents and our resilience to the inevitable challenges we’ll experience along the way. Adaptive and proactive learners are highly prized assets for organizations, and investing in learning creates long-term dividends for our career development. Based on their experience designing and delivering career development training for over 50,000 people worldwide, the authors present several techniques and tools to help you make learning part of your day-to-day development. (Harvard Business Review)
Porch Cameras and Facebook Groups Are Turning Streets into Surveillance States Our tech-driven approach to neighbourhood watch is cementing community divisions (Walrus)
How to Think About the Covid Recession This was a recession like no other in recent memory. The pandemic downturn was driven by all those industries that are supposed to be recession-proof — trips to the dentist, electricity usage in offices and malls, and so on. And the normally countercyclical education sector had big enrollment drops despite the bad economy. (New York Times)
The timing of the next global depression is getting closer than you think John De Goey: We will be in for a world of hurt as soon as government deleveraging begins (Financial Post)
The Intrinsic Futility of ES(G) Investing As predicted by financial theory, stocks of companies with positive environmental, social, and corporate governance (ESG) records underperformed the market. But the problems for ESG investors don’t stop there. Worst of all, ESG funds underperformed the non-ESG funds run by the same managers. (Advisor Perspectives)
Shipping is broken. Here’s how to fix it. Holiday season shipping is making supply chain problems worse, but there’s hope for next year. (Recode)
We chartered a boat with a logistics expert to look at port congestion up close and saw how American greed is leading to shortages and empty shelves The Ports of Los Angeles and Long Beach are on the frontlines of the shipping crisis. Container ships sit anchored on the coast, with some waiting since late August to dock. (Yahoo)