Americans Will Take Jobs They Don’t Want

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Americans who need jobs will take jobs other than the ones they desire.

A new Gallup poll says that “Six in 10 unemployed Americans say the next job they get is not likely to be one they want; instead, they’ll have to settle for one they don’t really want.”

People who do not like their jobs cannot move to ones they find more appealing. That will change when the recovery takes hold, even if that takes years. Then employees will do their best to migrate to the companies that they want to work for in the industries where they want to be employed.

This migration of people from one job to another will trigger a dangerous set of events. Companies have gotten used to having access to cheap labor. Firms have taken advantage of that to keep costs down. But, these companies have also taken the risk that these low-cost workers will leave as quickly as they can if they cannot get a raise or want to relocate to work they find more desirable. Some American firms will face a sudden surge in people who can and will quit. It will be expensive to replace those with employees with the proper skills. It will also be expensive to train new workers.

If worker satisfaction means anything to productivity, many companies will gain from an influx of people who will enjoy their work. These workers are also likely to have been displaced from the sectors in which they worked before the recession. That will be a benefit to many companies. They will see a return of “skilled” workers. That should have the effect of creating a more productive workforce at many companies.

Companies that have elected to drag the bottom of the employment barrel to find workers who were quickly dissatisfied will learn that short-term decisions make long term problems. Cheap gets expensive.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618