In this episode of HR Heretics, Nolan and Kelli discuss an article from Business Insider about the ongoing white-collar recession, particularly affecting those earning over $100,000 a year.
They discuss significant changes in the tech job market, including the influence of AI, global competition, and the shift from managerial roles to more individual contributor positions. The episode concludes with insights into personal fulfillment versus financial stability in career choices.
Vanguard data reveals a hiring freeze for six-figure earners, impacting tech and finance. Is this the start of a white-collar recession?
HR Heretics is a podcast from Turpentine.
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KEEP UP WITH NOLAN + KELLI ON LINKEDIN
Nolan: https://www.linkedin.com/in/nolan-church/
Kelli: https://www.linkedin.com/in/kellidragovich
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TIMESTAMPS:
(00:00) Introduction to the White Collar Recession
(00:30) The Dichotomy of Employment Data
(00:48) Challenges for High Earners
(01:56) The Big Stay and Trapped in Place Economy
(02:34) Industry-Specific Impacts
(05:21) Global Competition and AI's Role
(06:23) The Future of Tech Employment
(08:34) Personal Reflections and Career Changes
(08:43) Sponsor: Workvivo | Attio
(11:12) First-World Work Problems
(13:02) Self-Reflection and Assessment
(15:34) On Gratitude on Salaries and Roles
(16:11) Wrap
