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The Financial Flipside Podcast, Episode 30B: Resignation-gate, part 2

The Financial Flipside Podcast

Release Date: 07/28/2022

The Financial Flipside Podcast, Episode 30B: Resignation-gate, part 2 show art The Financial Flipside Podcast, Episode 30B: Resignation-gate, part 2

The Financial Flipside Podcast

Photo via on Pexels     Although , the Great Resignation is still going strong: as of the beginning of June 2022, Americans , and data from the a global survey by Price Waterhouse Coopers found that up to . Further, the Great Resignation is , which have long been believed to be more stable (however far that belief is from the reality of most of the sector’s workers). With all that in mind, we are back with the second half of our Great Resignation episode. This time around we’re talking about factors that influence quitting, lying flat, labor costs, worker-management relations,...

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The Financial Flipside Podcast

Odds are, you know someone who has moved on from their job recently, whether a co-worker, family member, or friend. Maybe you’ve made a similar transition yourself. If so, you may be part of the Great Resignation, a socio-cultural phenomenon that is baffling researchers and reporters, and which is causing no small degree of anxiety among employers. As we explore in this episode, the reasons that people are leaving their jobs are complex and really get to the heart of why we work in the first place. Also in this episode: life updates,  an inside view of what happens when accountants fire...

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The Financial Flipside Podcast

This episode, we’re talking about the tax gap, that is the yawning void between how much tax is owed and how much tax gets paid to the IRS. Where does the tax gap come from (hint: not always where you think)? Why are some people so reluctant to pay their fair share, despite having more than enough money to do so? We also take a detour into dynastic wealth, moral millionaires, and what money does to our brains.

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The Financial Flipside Podcast

Infrastructure touches every aspect of our lives, from the roads we drive on to the water we drink to the electricity powering the laptop I’m using to type these show notes. If part of our country’s (or city’s or state’s) infrastructure falls apart, we often end up paying for it in ways both big and small. Infrastructure projects are also really expensive, making them sites of debate about who pays and what's worth paying for.

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The Financial Flipside Podcast

On this episode of the podcast, we’re talking about scarcity, both the economic concept and how it plays out in our daily lives. Along the way, we’ll discuss sneaker drops, free markets, living wages, human nature, and moments when instinct takes over. We also dedicate our Flipping the News segment to examining the financial aftermath of the January 6 insurrection at the US Capitol. 

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The Financial Flipside Podcast

A quick note: This episode was recorded on October 31, 2020, before Election Day or any of the subsequent events surrounding the results or the transition process.

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The Financial Flipside Podcast

Your hosts take look at the history of reparations in the US, examine some of the past and present barriers to reparations for slavery, and discuss what a national reparations program might look like in our current moment.

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We’re back, and we’ve come bearing gifts in the form of retooled format (including a new segment!). Join us as we recap a weird tax season, take a look at the storylines that emerged after the Treasury Department finally released data about who received PPP loans, and wrap up our discussion of economic indicators with a deep dive into the stock market. 

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The Financial Flipside Podcast

Though it may be hard to believe, the US economy isn't officially in a recession. In this episode we talk about why that is, what economic indicators tell us about the economy, and what they sometimes leave out. Plus, we discuss some tips for weathering an economic downturn, recession declaration or no.

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After some time off, a move (L), and a partial pivot to video (J), the Financial Flipside Podcast is back! For our first episode of 2020, we thought it would be a good idea to talk about a goal that heads up so many of our lists of New Year’s resolutions: getting organized. Specifically, we’re talking about business systems, those combinations of processes, workflows, and tools that we use to do everything from monitoring cash flow to training employees to literally keeping the lights on.

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Photo via energepic.com on Pexels

 

 

Although recession fears and missed earnings expectations have led to job cuts in some industries, the Great Resignation is still going strong: as of the beginning of June 2022, Americans were still quitting their jobs at record rates, and data from the a global survey by Price Waterhouse Coopers found that up to 20% of workers worldwide were planning to quit their jobs by the end of 2022. Further, the Great Resignation is starting to spread to sectors like academia, which have long been believed to be more stable (however far that belief is from the reality of most of the sector’s workers). With all that in mind, we are back with the second half of our Great Resignation episode. This time around we’re talking about factors that influence quitting, lying flat, labor costs, worker-management relations, and where we go from here. We hope you enjoy!




Before we get to the show notes: We have a shiny new home! Come over to catch up on all of those older episodes that we’ve mentioned (like the ones about money or [side] hustle culture), listen to new ones as they’re released, and read articles and blog posts from the intersection of money, society, and everyday life. 




Mentioned on the show

 

Toxic work culture and the Great Resignation (Sloan Review; MIT)

Pew Research survey on the reasons that people quit their jobs 

On lying flat : Chinese millennials are opting out of a lot of the trappings of “adulthood” (The Daily Beast)

The rise of the anti-work movement (BBC Worklife)

A Chinese high court has ruled that 9-9-6 culture should be illegal. What does this mean for workers?  (TechCrunch)

Cost of labor: what is it?  (Investopedia)

The Great Resignation shows that managers need unions, too (New Republic)



Bonus content

 

The Great Resignation is older than the pandemic, and its causes are complex (Harvard Business Review)

Why do we work too much? (The New Yorker)

Who is Max Weber and what is the Protestant Work Ethic? [BBC 4 ; Video]

An episode of the Freakonomics podcast on whether or not “The Protestant Work Ethic” actually exists

Why the “future of work” may be more of the same (The Atlantic)

New business applications in the US, which are tracked by the US Census Bureau, are still at historically high levels (Small Business Labs)

Generation Z is rejecting modern work’s emphasis on hustling, busyness, and pursuit of certain lifestyle markers, attitudes that may have an impact on how everyone works (Vox)

Economists are rethinking the prediction that “robots are going to take our jobs. Is it time for the rest of us to do the same? (The Economist, The New Yorker)

From the US Federation of Worker Cooperatives: answers to frequently asked questions about cooperatives