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7/24/2023

Topic Reading-Vol.4108-7/24/2023

Dear MEL Topic Readers,
How the cost-of-living crisis is fuelling job quits
During inflation, the cost of living usually increases faster than earnings. There are only a few options for average workers can take to make ends meet, cut expenses, ask for a raise, or get a new job that pays better. But under the fast-paced, across-the-board inflation, there is only so much you can do to reduce the cost of living especially when energy bills are surging. Asking for a raise could help but not as much as the rising expenses as your employer is also under inflation pressure. Then, how about getting a job that pays better? Possible, if you can provide higher value to the new employer or get a job that is highly demanded. So, it may be the time to skill up yourself not only to cope with inflation but also to live up to the fast-changing job market through AI.
Enjoy reading the article and think about your strategy to manage inflation.
https://www.bbc.com/worklife/article/20230713-how-the-cost-of-living-crisis-is-fuelling-job-quits

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