#51: 4.3 Million Americans Quit Their Job, Squid Game Previews Gutting Of The Middle Class, Walmart Saves the Day
In a world where inflation goes wild and airlines can't fly because of the labor shortage, how do you drive your business forward?
Overheard at the coffee shop…
Stranger 1 (we’ll call him George): “Are you ever going into the office?”
Stranger 2 (we’ll call him Roger): “No.”
Stranger 1: “That’s because of Covid?”
Stranger 2: “No, that’s been the business model.”
Moral: Quit believing in the mythical fairy called the office. You can have an office, but you no longer need it, and your talent most likely doesn’t want it.
💩💩 Southwest Airlines admits their problems stem from the labor shortage. For Kimberli Romano, this meant her parents missing her wedding got married without her parents in attendance because of Southwest cancelling thousands of flights.
💩💩💩 5.4% surge in inflation, with gasoline up 42.1%.
💩💩💩💩 The world’s running out of everything. From talent, to semiconductors, the whole ‘abundance’ thing isn’t working too well.
💩💩💩💩💩 Squid Game exposes the gutting of the American middle class.
Okay time for good news!!
🙌 OMG YES. Walmart will pay for college for its employees. HUGE 🙌 to Walmart, and leaders…how can you replicate this with both your employees and elastic workforce?
What’s our take?
Image of the week: Callum Adamson showing how the talent shortage has moved from the 3rd to the 1st priority.
Some great stats from our friends at Distributed:
90% of employees want continued flexibility in where and when they work
68% of employees would choose remote working options over in-office work
61% of employees would be willing to take a pay cut to maintain remote working status
just 15% of workers would apply for a position that requires total full-time office work
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