Well thats a word I have not heard since the seventies in any kind of real way.
So whats the economic diganoses of this condition and treatment therein.
Whats the state of the economy in regards to losing employees to circumstances other than layoff or termination.
For example a family of four, husband commutes to the big city and the wife has a temp job, kids in the public school system with no extracurricular activities like soccer or dance.
His take home pay has now been eclipsed by what he has to pay out in gas and decides to cash in his investments and start his own business.
In short , with the exception of the gas this probably happens every month for differering reasons, at what point though is the economy at risk from a large percentage of these people doing just that.
IANAEconomist, but I’d say “a large percentage of people doing just that” probably is good for the economy. The individuals involved are out there setting up websites, and buying computers, office supplies, tools for whatever trade they might be contemplating, and advertising. All that’s great for their suppliers. If they manage to succeed in a home based business, it can be good for the environment as well, since they effectively “just say no” to a portion of their oil consumption.
But individually of course they’re all taking a major risk, although such a risk should be judged fairly in light of decreasing job security and satisfaction. What they have to lose may not be that secure or wonderful in the first place.
A BIG thing which stops this from happening is health insurance. I might have a great idea, the money to do it, and the plan to put it in place, but if I quit my job, I lose my health insurance.
If I buy health insurance on the private market, even if my entire family and I are all healthy as can be, we will not get anywhere near the same rates or coverages as I would on a group plan. I would need to make a lot of money to make up for that difference.
Now, if someone in my family had a pre-existing condition, something small like obesity, even, then I would be unable to get any type of coverage at all. Before the mid 90s, this would keep a person trapped in their current job forever. Now it just keeps a person trapped in the workforce forever.