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How "Job Hugging" Could Tank Your Career

By Two Cents

Summary

## Key takeaways - **Job Hugging Defined**: Job hugging means staying at a job you're not really into out of fear or uncertainty about the future, what consultancy firm Korn Ferry described as holding on to one's job for dear life, and it's all the rage right now. [00:22], [00:36] - **Eagle Hill Study Rise**: A July 2025 study by Eagle Hill found a consistent rise in workers intending to stay at their jobs for at least the following 6 months, coupled with a growing pessimism about the labor market. [00:37], [01:00] - **Neoliberal Shift Downsizing**: Around the 1970s and 80s, neoliberalism rejected the notion that businesses had any responsibility to their workers and ushered in a transition from retain and reinvest to downsize and distribute, with CEOs slashing costs, purging payrolls, and distributing savings to shareholders through dividends and stock buybacks. [03:06], [04:06] - **Great Resignation Loyalty Lack**: During the COVID pandemic, over 50 million Americans quit due to a lack of mutual loyalty, as employers had given their employees little reason to stay, so as soon as the opportunity arose, they bolted. [05:08], [05:42] - **Job Hugging Backfires**: Job hugging is done out of fear and necessity, not loyalty, breeding resentment, quiet quitting, sagging productivity, toxic workplaces, and potential unfair labor practices, which could lead to another vast wave of resignations if the market tightens. [06:14], [06:52] - **Avoid Complacency Advice**: If you're job hugging, career strategists advise not to become complacent but to learn new skills, forge relationships, and go for opportunities when they arise, especially early in your career when energy and variety are vital. [06:42], [07:16]

Topics Covered

  • Job Hugging Fuels Stagnation
  • Cheese Parable Masks Downsizing
  • Neoliberalism Killed Loyalty
  • Fear-Bound Jobs Breed Resentment
  • Stagnation Costs Career Vitality

Full Transcript

Thank you to Monarch Money for supporting PBS.

>> You might have heard of quiet quitting, career cushioning, or maybe even office peacocking. That's when management

peacocking. That's when management judges up the office to lure employees back from remote work. But there's a new trendy workplace phrase that economists say is quite relevant to the current

landscape. Job hugging. Job hugging

landscape. Job hugging. Job hugging

means staying at a job you're not really into out of fear or uncertainty about the future. what consultancy firm

the future. what consultancy firm Kornferryy described as holding on to one's job for dear life, and it's all the rage right now. A July 2025 study by

Eagle Hill found a consistent rise in workers intending to stay at their jobs for at least the following 6 months, coupled with a growing pessimism about the labor market. This economy is giving

me whiplash. It was only a few years ago

me whiplash. It was only a few years ago we were talking about the great resignation when millions of Americans ditched their unfulfilling jobs for greener pastures.

>> Well, a lot's happened since then.

Inflation, tariffs, dollar depreciation, recession warnings, and political upheaval. The future feels

upheaval. The future feels unpredictable. To put it lightly, who

unpredictable. To put it lightly, who wants to make a big life change in this climate? Better to just hunker down and

climate? Better to just hunker down and weather out the storm, right?

>> Maybe not. While job hugging may seem like the safe move, career strategists warned that it may backfire for you, your employer, and the whole economy.

In 1998, a little book was published about two mice named Sniff and Scurry who live in a maze, forever searching for cheese. This might sound like an

for cheese. This might sound like an innocent children's story, but it actually became a highly debated and polarizing book. Who Moved My Cheese?

polarizing book. Who Moved My Cheese?

written by Spencer Johnson, was meant to be a motivational business fable, a guide for employers and employees navigating a changing labor market. The

general idea is that workers who always expect to find their cheese in the same place become stagnant and complacent, while those who are open to change and are willing to adapt are rewarded with

[music] new skills and experiences. The

book was a hit with business managers who hoped that it could persuade employees to see [music] layoffs not as a tragedy, but an exciting opportunity.

More labor oriented writers like Barbara Aaron Reich and Thomas Frank criticized the book as downsizing propaganda meant to discourage workers from complaining about unfair treatment [music] and

recast cold-hearted managerial decisions as an anonymous force of nature.

Whatever you think about the book, there's no doubt it captured a shift in the relationship between employers and employees that was already well underway in the US. In the first half of the 20th

century, it was much more common for Americans [music] to work at one company for a long time, even a lifetime. The arrangement was seen as mutually beneficial. [music]

Employees could rely on a predictable wage, health insurance, and a retirement package, while employers enjoyed an experienced staff that required little expenditure on recruitment and training.

>> This all [music] changed around the 1970s and 80s. A brutal period of stagflation shook up long-standing economic [music] assumptions and ushered in a kind of aggressive free market

capitalism sometimes known as neoliberalism. [music]

neoliberalism. [music] Neoliberalism rejected the notion that businesses had any responsibility to their workers or their communities. It

argued that capitalism worked best when [music] management focused solely on the immediate interests of shareholders.

Economist William Lzonic describes the period that followed as a transition from retain and reinvest to [music] downsize and distribute. This means that instead of putting profits back [music]

into their companies in the form of research, development, and staff, CEOs focused on slashing costs, purging payrolls, and distributing the savings to their shareholders through [music]

dividends and stock buybacks. By the

late 90s, the idea that companies owed their employees any kind of loyalty [music] was fully p and a new genre of self-help emerged to help working Americans [music] cope with this changed

landscape. Books like Who Moved My

landscape. Books like Who Moved My Cheese and Tom Peters's The Brand 50?

[music] 50 ways to transform yourself from an employee into a brand that shouts distinction, commitment, and passion. encouraged workers to think of

passion. encouraged workers to think of themselves as free agents, [music] CEOs of MI incorporated, not stuck in one place, but ready to pivot to new and exciting opportunities at a moment's

notice. But redefining employment as

notice. But redefining employment as something casual and short-term, more of a fling than a marriage, may have negative repercussions for the employee

and the employer. Anthropologist Elana

Gersian argues that a worker who feels no loyalty to their boss is always looking to move on to better things.

They do not think of what's best for the firm or the project at hand, but only what will make them marketable to new employers. Tasks [music] and skills that

employers. Tasks [music] and skills that are too specific to the company or the region are avoided, and time and effort are split between the current job and the search for a new one. Essentially,

quitting [music] becomes the ultimate act of career advancement. We saw this mentality in action during the COVID pandemic when a tight labor market and [music] generous government support gave

Americans the chance for a new start and over 50 million took it. There were lots of reasons for it. Low pay, meager benefits, poor working conditions, but what it really came down to was a lack

of mutual loyalty. Employers had given their employees little reason to stay.

So, as soon as the opportunity arose, they bolted. [music]

they bolted. [music] As the economy has cooled in recent months, the trend reversed course into what some economists call the great stay. [music]

stay. [music] Hiring slowed way down and workers started clinging to their jobs.

According to the chief economist at Zip Recruiter, employers are scarred from the struggle to retain [music] staff during COVID and so reluctant to lay off

or fire any employees. It's almost like the labor market is frozen as everyone waits to [music] see where this economy is headed.

>> But just because employees are staying at their jobs longer doesn't mean we've returned to the good old days. Job

hugging is done out of fear and necessity, not loyalty. And as in any involuntary relationship, that can breed resentment. [music] Employees may start

resentment. [music] Employees may start phoning it in, what we used to call quiet quitting. Productivity may sag,

quiet quitting. Productivity may sag, tensions rise, and workplaces become more toxic. Employers might feel like

more toxic. Employers might feel like they can get away with unfair labor practices or poor working conditions.

And if the labor market tightens again, we could see another vast wave of resignations. If you're job hugging,

resignations. If you're job hugging, most career strategists advise that it's important to not become complacent. Try

to learn new skills and forge new relationships that will help you move forward when the time is [music] right.

When hiring is slow, knowing someone on the inside of a company you want to work for [music] is invaluable. And when an opportunity arises, you should go for it. Especially in the early stage of

it. Especially in the early stage of your career, [music] when energy and variety are vital to discovering your strengths.

>> Life changes can be scary, [music] especially when the future feels unpredictable. But being stagnant has

unpredictable. But being stagnant has its own costs that can damage your career and your mental health.

>> And that's our two cents. Thank you to Monarch Money for supporting PBS.

Monarch Money is a subscription-based financial management app that consolidates all your accounts, banking, [music] credit cards, loans, and investments into a single and customizable

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Monarch also offers cash flow projections that illustrate how current decisions can impact long-term objectives. Its goal tracking tools

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