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304 sats \ 3 replies \ @cryotosensei 16 Nov 2023 \ parent \ on: _Broken Money_ book club, part 4 bitcoin
I actually think that with the advancements in technology and advent of trends like remote working, attitudes towards work among the Gen Z and Gen Alpha have changed. For one, the stigma towards job switching has all but decreased. People have come to expect that it’s normal of youths to switch jobs every 2-3 years because they want to broaden their horizons and gain myriad experiences. Remuneration may not be so important to them than self-actualisation in the grand scheme of things. Instead, it is taken as part of a holistic criteria that makes someone want to take on a job or not. I also believe that with AI automating most repetitive work, it isn’t quite necessary for individuals to spend an extended period of time at one company to gain deep experience since the focus is on them to problem-solve and collaborate with others. Which is something ironically attained by job switching because you naturally bring fresh perspectives and ideas to the table.
The thing that will be interesting for us to consider, with the increasing adoption of BTC by institutional investors, it’s likely for more companies to pay out their salaries in Bitcoin. (Shoutout to Bitwage: please come to Asia!) Would more and more employees switch from jobs that pay out in fiat to other jobs that pay out in sats because they wish to live the Bitcoin Standard? Your guess is as good as mine.
youths to switch jobs every 2-3 years
I have friends in tech that switch every 1-2. As they've grown older they've started switching less though. The switching in part was probably them trying to find themselves.
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Is it that they were finding themselves and then, as they get older, there's less undiscovered territory, or is it that they get established and moving is hard?
I wonder how many people would keep the hyper-aggressive moving, for fiat-related reasons, if they weren't getting tethered (no pun intended) by family constraints, etc?
I also wonder how much of this will change as a result of the full-remote changeover. Seems like a giant sociocultural thing that has only just begun to play out. What happens when it intersects w/ the monetary stuff?
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Is it that they were finding themselves and then, as they get older, there's less undiscovered territory, or is it that they get established and moving is hard?
Bothish. They're hard to separate out. There's always new territory but with fixed lifespans we often give ourselves fixed discovery periods. We discover as much as we think we need to settle in the best place - all aforementioned things considered.
I wonder how many people would keep the hyper-aggressive moving, for fiat-related reasons, if they weren't getting tethered (no pun intended) by family constraints, etc?
Probably a lot. We have less family formation so we can already see this happening, eg rise of gig work, traveling for the photoshoot, side hustles on side hustles, etc.
I also wonder how much of this will change as a result of the full-remote changeover.
Employees<>employers are more liquid and fungible than ever before. It triggers a nostalgia in me for time periods I didn't even live in. The monetary stuff should at least allow older folks to leave the goblin workforce sooner and settle into being a proper gnome.
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