Coinbase stock and Bitcoin’s price track closely until this spring, when Coinbase started tumbling a little harder than Bitcoin:Ĭoinbase’s overall plunge was entirely predictable indeed, we predicted it even before Coinbase went public. When Bitcoin’s price goes down, fewer people open and use Coinbase accounts, and so Coinbase makes less money. Actually it could be argued that not that much has changed about Coinbase in the ensuing sixteen months except the overall market and the price of Bitcoin. Welcome to the workplace, folks.There are plenty of examples, but few more striking or telling than Coinbase, which went public in April 2021, when the fintech market and the price of Bitcoin were still in fizzy-cork-popping mode. Gen Xers did the same in the '90s, and now Millennials are doing it. So were boomers, who made "work/life balance" practically a mantra in the '70s. For some reason this bit of threadbare advice has gotten 3 million views and this is enough for people who should know better to go gaga over the claim that Millennials and Gen Zs are widely unhappy with their work/life balance.Īnd maybe they are. So where did "quiet quitting" come from?Īs near as I can tell from the article, last month a TikTok user named zaidleppelin invented the term in a banal 17-second video that told people there's more to life than work. But stress on the job seems to have gone up only a bit, and even at that only to the level it was at for most of the aughts. It would be remarkable if there hadn't been. God knows there was an uptick in general unhappiness during the pandemic.
It’s coming in on the heels of the “Great Resignation,” which saw an average of nearly 4 million employees leave their jobs each month in 2021 amid clashes over flexibility and a widespread reevaluation of how work should fit into their lives.Īnd it’s also gaining steam at a moment of peak tension between managers and employees, as many companies prepare for another push to bring workers back to offices.įor some workers, office mandates aren’t just a pain. Kathy Kacher, founder of Career/Life Alliance Services, said that “quiet quitting” is a new term for an old concept: employee disengagement.īut it’s arriving in a moment of “unprecedented burnout,” Kacher said. The Washington Post gets us up to speed today on the latest meme/vibe/tiktok taking over the business world.