/biz/ - Business & Finance

[Anonymous No.16141303]

What would happen, economically speaking, if 90% of wagies quit their jobs all at the same time?

[Anonymous No.16141308]

Africa

[Anonymous No.16141325]

Nothing because those wages will be blowing money at the strip clubs and overspending to stimulate society

[Anonymous No.16141626]

>>16141303
Utopia

[Anonymous No.16141921]

>>16141303
higher pay offered and more and more people deciding to go back

[Anonymous No.16141956]

>>16141921
medium to long term. Short-term would be a total collapse of company values and a run on banks to get enough money to convince their employees to come back

[Anonymous No.16142242]

>>16141303
GDP goes down and s recession

[Anonymous No.16142331]

>>16141303
mass drug orgies

[Anonymous No.16142373]

>>16142331

[Anonymous No.16142413]

Hope the other 10% like overtime, especially mandatory overtime.

[Anonymous No.16142458]

>>16141303
wages would shoot through the roof in attempt to attract workers and the price of all goods and services would sky rocket. and then tens of millions of third worlders would flood into the country and fill those jobs for cash under the table.

[Anonymous No.16143718]

We'd realize just how useless most jobs are.

[Anonymous No.16143900]

>>16142413
>overtime
Nah with 90% gone they either become slaves in chains or kings with 300% salary increases. Unless the 10% were the competent ones, then absolutely nothing changes.

[Anonymous No.16143929]

If done successfully it can be a major driver for increased wages at the cost of (((shareholders))), similar to a union just on a larger scale

Unfortunately something like that isn't possible because most people don't have enough money saved to go even a week without a job

[Anonymous No.16144480]

>>16141956
This doesn't have to happen. The lack of money for wagies is enough incentive to go crawling back. They might ask for a raise, but I don't think too many companies will offer raises. Maybe only for the competent wagies that deserve respect. But no, the corps simply have to dangle money and wagies jump for it like cats

[Anonymous No.16144550]

>>16143718

This, even more than you'd think.

>Be car mechanic
>I fix cars. Surely that is important and useful. The car does not move if I don't do my job.
>Everybody stops working
>Everybody stops driving to work
>Cars break much less frequently
>Half of the mechanics that didn't quit their jobs get laid off anyway
>Construction workers and daycares suffer the same fate

[Anonymous No.16144634]

We would go back to tribes and kill each other for food and resources. Basically Africa.

[Anonymous No.16144659]

>>16141303
THAT is when the US dollar would collapse.

[Anonymous No.16145507]

>>16141626
*Ethiopia

[Anonymous No.16145522]

Everyone is replaceable

[Anonymous No.16145786]

>>16141303
Corporates get scared enough to accelerate automation and dump funding into robotics research.