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Yolo Economy: You Will Only Live Once

Covid 19 Does Not Only Involve Our Airways And Lungs; He Has Not Only Disguised Our Faces On The Streets And In The Subway And At Work; It Just Doesn’t Make Our Kids Go To Class From Their Bed; Not Only Did It Not Make Hospitals And Medical Centers Full Of Patients And Medical Staff; Inflation Is Not The Only Indicator That Has Risen Due To The Epidemic And, Tired People, Worn-Out Organizations, Inefficient Laws, Fruitless Seminars, Hopeful But Ineffective Slogans, And Ultimately, A Few Billionaires Getting Richer, Hundreds Of Millions More, And Billions More.

Yolo Economy, along with other factors, caused the cravings of the 19-year-old to erupt and the lava to spread around the world when the trigger was fired. I do not want to claim that all systems of life and business were dysfunctional before the epidemic; Certainly not; But the reactions of different societies and different occupational groups to the epidemic and its consequences show that there have been serious problems, at least in essential parts of these systems.

Since the outbreak of Covid 19, the labor market worldwide has undergone profound yet wide-ranging changes. After decades of doing things and conditions being almost the same, now both are being challenged by employees. But here, employees and even employers sometimes prefer not to work the way they used to.

What has happened?

  • Great resignation. In the United States, about 4.5 million people resigned during the middle and final months of 2021. The phenomenon is known as ” Great Resignation. ” This phenomenon has been observed on a smaller scale in Britain, Australia, and many other countries and continues.
  • survey in Canada shows that 65% of respondents are thinking about changing jobs. 2
  • The Associated Press reports that the UK left a record 1.2 million vacancies in October 2021 due to the epidemic and exit from the European Union.

Wage increases mainly demand low-wage employees and better and more flexible working conditions for higher-level employees. People quit their jobs and move from one company to another in the hope of earning more wages or better working conditions. Some of them no longer want to return to work offices and prefer to work remotely.

All this while in the United States alone, there were 11 million job opportunities during the period in question, more than at any time in recent decades. On average, each job seeker had 50% more job opportunities than before the epidemic.

It seems that the Covid epidemic has led a significant number of people, especially millennials or those born in the 1980s and 1990s, to conclude that they no longer want to work as before.

What is known as the YOLO Economy: You Only Live Once.

This sentence shows the life philosophy of several people who have changed or resigned in the last few months. When you only live once, then live the way you love; You can take a little risk and disrupt the routine of 5-9.

Generations of people in the West have seen their work as something beyond anything else in life. They usually had to adjust all their other tasks or tasks to working hours. Since after the Industrial Revolution and in the New World, almost everything was part of a larger chain, disruption in one region could affect the whole chain. In such a system, any other activity, including personal interests, family, leisure, etc., had to be coordinated not to disrupt the work chain.

Hard work and high productivity, making more money, and success has been the themes of the American dream that have been extended to most societies around the world. Work has been how most of the values ​​of this culture based on success and wealth are derived. Gradually, the device itself became the target.

However, serious cracks appear in the wall of this firm belief in work, especially in steady work in the office, the company, and the administration. It is as if some dreamers and even dreamers no longer believe in this dream. They only live once.

Why?

We may not be able to answer this question correctly yet. This story has just begun. We still do not know its dimensions and how deep it is. But observing it and thinking about it makes us not suddenly surprised. Since the world today is entirely connecting peep, the effects of this relatively large movement will inevitably reach other parts of the world, even our own country.

So we have to go along with it and try to know it as much as possible. The issues I raise in this memo are often speculations that come to mind in the current context or have been raised by others.

But why is such a movement taking shape in the world?

  • For some, this may be the only opportunity they have had for a long time to change jobs. Given the variety of job opportunities available, this is an opportunity for them to demand higher wages or better working conditions.
  • Although some may like their job, they want to use this new insight to give their lives a new dimension. They have concluded that they do not have to sacrifice all other aspects of life for a job that they may not even like. For others, who thought that their work requirements had affected other aspects of their lives, it was now possible to strike a better balance between work and family life and leisure.
  • Some have become accustomed to working at home during the epidemic or have even migrated to the suburbs or small towns. They do not want to return to the status quo ante.
  • Several employees had to find a workaround in their residence before the epidemic. Still, they think that new means of communication and epidemic requirements will eliminate this geographical determinism.
  • Seeing the new opportunities created by the epidemic, some took advantage of new facilities and social networks and decided to quit their permanent jobs and start their own business, however small.
  • Some took advantage of the epidemic and retired early, earning a living or starting a small business.
  • Others, seeing the consequences of the epidemic and the illness and death of others and the possibility of their disease and death, have concluded that life is shorter than they thought; So they chose to pursue their dreams instead of playing a role in the dreams of others. I will talk more about this in future issues.
  • Those passionate about the company or their managers also seize the opportunity, demand better salaries and conditions, and threaten to leave if they do not meet their demands.

Because it tells?

What does all this mean? What trends have led to such developments in a short period in societies where work has been a regular part of their culture?

There are several trends at work.

The first is the Kuwait epidemic. Perhaps a large part of these changes in work would typically occur in the next two or three decades, But the epidemic has caught its eye today. According to official statistics, about 300 million people worldwide infecting with Covid 19, and more than 5.5 million die as a result. It is unknown what he will do after leaving the post, especially since some people got the disease two or three times.

Remote work was a pre-epidemic process, but the epidemic’s beginning accelerated its growth. Various communication tools and messengers gave this process an incredible speed.

Several people who used to be in the workforce now care for children, the sick, or the elderly in their homes. No one still knows the exact number of these people.

The epidemic had happened before, but it certainly had not left its mark; Because at that time, new technologies of communication and processing did not provide remote work—various video and messaging tools, online chat programs, webinars, online job interviews, etc.

They were all part of the infrastructure that enabled people to do their work without leaving home.

Another trend that has led to this new situation is the growth and encouragement of individualism in Western culture. It is a culture that seeks wealth and success in hard work.

Adolescents and young people seeking identity are saying to have a unique talent, and their mission is to find this talent and use it in their job. When this is the case, one sees one’s job as a means of subsistence and as something that can make sense of one’s life.

But crises such as the Covid epidemic disrupt this process of searching for identity at work. When a person can not find meaning in his career, he leaves it. I will repeat this.

Experts still do not know how many people in this global wave have temporarily quit their jobs and how many are out of work forever.

We should probably wait for the sound of muffled screams, this time in the East of technology. I have not yet received any information about Quidd’s influence on work in Eastern societies, especially the people of Japan and South Korea. But in China, before the epidemic, there was deep dissatisfaction with the 996 system, especially among young people working in new technologies (work from 9 am to 9 pm, six days a week).

It seems that people slowly realize that there are other important things besides work worldwide. Physical and mental health appears to be the most important of them.