ilmscore | Why Everyone Is Quitting The 40 Hour Work Week

Why Everyone Is Quitting The 40 Hour Work Week

Predictions from this Video

Total: 7
Correct: 0
Incorrect: 0
Pending: 7
Unrated: 0
Prediction
Topic
Status
In 2024, 30% of workers, primarily Gen Z and Millennials, are expected to quit their jobs.
"three in 10 workers are planning to quit their job this year and most of those quits are attributed to gen Z and Millennials"
Job Market
Pending
Globally, 46% of workers surveyed want to quit their jobs, exceeding the 40% rate during the Great Resignation.
"46% of them said that they want to quit and that is a lot more people than even during the Great resignation when only 40% said they wanted to quit"
Job Market
Pending
The Fair Labor Standards Act standardized the 40-hour work week in 1940, down from 44 hours.
"we have to go back to 1940 that's when the flsa or the fair labor standards Act was changed from a 44-hour work week to a 40-hour work week"
Work Week
Pending
Workers with 2024 technology can accomplish approximately five times more work than those with 1947 technology.
"if we take two people one with access to 2024 technology and one with access to 1947 technology it's the person who's using modern technology who can make on average almost five times as much stuff as the other person or get five times as much work done"
Work Week
Pending
Wage growth began to lag behind productivity growth in the early 1970s.
"wage growth has not kept up with productivity in fact it split sometime in the early 1970s"
Wage Growth
Pending
Approximately one-third of surveyed individuals plan to quit and find new jobs soon, with the highest proportion being between 18 and 34 years old.
"a recent survey for example noticed that out of a thousand people pulled roughly a third said they'd be looking to quit and start a new job soon and the highest percentage of those people came from people between the ages of 18 to 34"
Job Market
Pending
Switching jobs every 2 to 3 years, particularly early in a career, is the most effective method for increasing income.
"studies also show that switching jobs especially early on is the fastest way to grow your income in fact it's actually recommended that you should switch your job every 2 to 3 years"
Career Strategy
Pending