Millions of Americans no longer want to work – because of Reddit?


Millions of Americans no longer want to work – because of Reddit?

If in the United States so many people do not intend to return to work, part of the blame is also Reddit, social NETW Back then a large group of private investors, gathered under the banner of the canale

In place of anti Allstreetbets today there is AntiWork: it has 1.3 million subscribers and, according to a report by Goldman Sachs entitled Why is labor force participation not recovering?, it is precisely there that many people, animated by a consolidated consciousness during the pandemic, confront and help each other not to work, or comment on business situations that have led them to exhaustion and therefore to leave their place.

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The aim of Antior Its popularity has grown a lot since September and now, Goldman Sachs points out, “it is even more popular than W By number of comments per day, Antior ” The risk, “the report says, " is that some workers will choose to stay out of the labor market for longer, if they can afford it”.


Reddit is therefore at the center of a movement that has been opposing Labor as it has developed for years: the salaries of company CEOs are getting higher, while the monthly pay of employees remains the same.

The biggest differences, according to the processing of, they are located at Nike, Amazon and Amazon On average, an employee of these companies has a salary of $ 30,877, $ 28,875 and $ 24,960. A Nike employee takes 29.4 hours of work to earn as much as the ceo takes in a minute. It is this kind of disparity that is pushing the anti-labor movement toward aggregation on Reddit.

Not only Reddit: fear of Covid remains relevant

Of course, it is not only Reddit that is to blame for the poor recovery in labor force participation in the United States. According to Goldman Sachs, since the beginning of the pandemic, five million people have left the labor market in the United States, mainly over 55 (3.4 million). Many have gone into early retirement or retirement, and therefore will not return to work. Participation in the labor market has stopped since August 2020.

For Goldman Sachs, among the causes are also the tax subsidies introduced during the emergency. The measures have helped many families, especially low and very low income, to support themselves and even save something. But the effect is now over, and the savings will make it possible to postpone the return to work “only a few months”.

In addition, the concerns related to the pandemic remain: many people “will need some time before they resume feeling comfortable returning to work”. Fear of Covid has been reported as the main reason for the wait in return to work by 1.6 million people between 25 and 50 years old, after a decline in the spring with the gradual spread of vaccines. According to the study, this factor will continue to impact the workforce in this age group in the medium term.

Goldman Sachs also has to admit, however, that at the heart of this anti-labor movement is a new idea of work-life balance: “changing work style and job preferences could push some workers to voluntarily stay out of the workforce for longer”.

Goldman Sachs believes that labor force participation in the United States will improve in the short term, but still lowered its forecasts for the end of 2021 (to 61.9%) and for the end of 2022 (to 62.1%)

Michael Zippo

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