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Rogé Karma

👤 Speaker
503 total appearances

Appearances Over Time

Podcast Appearances

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

And so I think, yeah, it really, again, turns this picture on its head in the way that I think you put so nicely.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

What did they say was the cause of this big freeze?

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

So-

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

There are a few different causes, and I will say this reporting was based on not only talking to economists who, economists have their theories, but I was like, I want to talk to employers.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

I want to talk to hiring managers.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

I want to talk to people in companies who are actually experiencing this and ask them, what is going on?

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Why aren't you hiring?

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

If you are an advisor for different companies, why aren't they hiring?

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

What's going on with your clients?

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

And I heard the same two stories over and over again.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

The first one was that employers were really scarred by this period we now call the Great Resignation.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

So let me rewind the clock back to a period that may seem far away at this point, which was this period around 2021, early 2022, when you had all of these stories of employees quitting their jobs and record rates, finding new jobs at higher pay.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

This was the period where...

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Again, it was known as the zenith of worker power, of worker movement.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

As you noted at the time, it wasn't workers just quitting their jobs altogether.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

It was workers quitting jobs to find better jobs.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Terribly named.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

Exactly.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

This was a great moment for workers and their power.

Plain English with Derek Thompson
‘The Job Market for Young People Is Brutal’

It was a terrible moment for employers.