Telling the boss to “take this job and shove it” sure has a different meaning over the decades. Now it means (hopefully) you’re moving to brighter future with larger paychecks yet back then it meant hold my beer, I’m tired of your sh*t and I’ll take my chances elsewhere – PB/TK
Quitting Your Job Means Wage Growth, Says Economist Leaving BOE – By Lucy Meakin / June 29 2017
Telling the boss to shove it may be a fantasy for many workers, but for outgoing Bank of England policy maker Kristin Forbes, it’s a sign that all is right in the labor market.
Forbes, who is herself leaving the central bank to return to her teaching role at the Massachusetts Institute of Technology, says the number of workers quitting is one of the indicators she watches closely to monitor confidence and the outlook for wages.
For many, she argues, changing role can mean an increase in salary. That’s why a sliding quit rate now could be setting off alarm bells at the BOE, which is facing a slump in real wages and the prospect of weakening consumer confidence as the U.K. starts its long process of leaving the European Union.
“Often when you quit and move jobs, that’s when you get a wage increase, and quits have fallen recently,” Forbes said in an interview last week. “That makes me think people might be a bit more cautious moving jobs and that might be acting to hold down wages.”
Continue to Bloomberg.com article: https://www.bloomberg.com/news/articles/2017-06-30/-i-quit-means-wage-growth-says-the-economist-leaving-the-boe
