Wall Street Week: One More Thought: 09/16/2022

The transcript discusses the origins of COVID-19 and its impact on work habits, highlighting the 'lying flat' trend in China where youth opt for a simpler life. It addresses labor shortages in the U.S. post-pandemic and introduces 'quiet quitting,' where employees do minimal work. The discussion extends to changing workforce norms and uses a sales contest analogy to illustrate work culture dynamics.

What is the 'lying flat' movement in China primarily about?

• Starting new businesses

• Moving to rural areas

• Working extra hours to get ahead

• Avoiding long working hours and living modestly

What is a major concern for companies in the US post-pandemic?

• Chronic labor shortage

• Overqualified applicants

• Excessive employee turnover

• High training costs

What does 'quiet quitting' refer to?

• Employees leaving their jobs without notice

• Employees doing only the minimum required work

• Employees working from home

• Employees taking extended leaves

How do some CEOs view the trend of 'quiet quitting'?

• As a temporary phase

• As a sign of economic recovery

• As a potential permanent shift

• As a result of poor management

What challenge does 'quiet quitting' pose for managers?

• Increased employee engagement

• Easier performance evaluations

• Difficulty in motivating employees

• Higher productivity levels