The Capitalist Investor - Episode 108 New year, new… job? Well, not for everyone. Last November, 4.5 million people quit their jobs –– a record number of workers voluntarily left the workforce. Why did so many people quit? Is this good or bad; what about in the long-run? This week, Mark is back with Derek and Luke as the three examine “The Great Resignation” this past year and talk about opportunities. If you’re not one of the 4.5 million people who left their jobs, then getting a new one probably isn’t on your New Year’s resolution list. So what is on most people’s list? If you haven’t made a resolution yet, this week’s Episode #108 of “The Capitalist Investor,” will make sure you do.Outline of this Episode:[1:30] A pivotal period of quitting[10:40] Appreciating trades again[17:55] We all need to resolve and make resolutionsThe pushes and pulls that caused so many to leave their jobsThe Bureau of Labor Statistics recently reported that over 4.5 million workers left their jobs last November –– “I quit,” they all said. Not everyone would have left their jobs for the same reasons; but there has to be some underlying factors that can explain as to why such a large number of workers all decided to quit.Our consensus is that 2021 indulged workers with a more “grass is greener” mindset when it came to their workplaces. We’re living in a pivotal moment in history where employees have much more power than they have had in the past. The mixture of a high inflation environment, competition increases and the desire to work from home more than likely enticed the average worker to say goodbye to their jobs.We are all for people wanting to make more money –– greed is good to have. But we can’t help but think about the potential long-term consequences for this movement. They could lead to a disaster. As wages continue to rise for workers who are either enticed to leave their old jobs and get poached by another, it will be the big businesses and companies that will be able to pay them. So what happens to the small guy?The greatest disaster we don’t want to see from this is margins getting squeezed, the market selling off, companies letting people go and unemployment skyrocketing. Or maybe this unfathomed period of quitting won’t have a long term pitfall. Until then, it’s great that many people finally feel empowered after these last couple of years to take risks and improve their lives with a new job.Implement your resolutions into your daily lifeSome of the most popular resolutions that people have made this year are either sorting out their finances, cutting back spending, traveling more, eating healthier, finding a new job and even taking up a new hobby. After the last couple of years we all had –– New Year’s resolutions are more important than ever. We have to look out for our livelihoods, our investments and you, yourself, as your own investment.So many people make a New Year’s resolution, but how many people actually see them through? The problem with resolutions is that people don’t see them out for the long-term; they give them up mid-February or March.Whatever your resolution is, stick to it. Make one and implement changes to your daily lifestyle, set goals that you are capable of hitting –– inform yourself, take care of yourself and be compassionate to yourself.Connect with Derek GabrielsenTwitter: @DerekGabrielsenFollow Derek on LinkedInSend Derek a message hereCheck out Derek’s YouTube channel!Connect With Mark TepperTwitter: @MarkTepperSWPFollow Mark on LinkedInSend Mark a message hereThe SWP Connect YouTube ChannelSend your questions and comments to us at info@SWPConnect.comSubscribe to The Capitalist Investor
