The economics behind 'quiet quitting' — and what we should call it instead

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The economics behind 'quiet quitting' — and what we should call it instead
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Over the last several weeks, the concept of 'quiet quitting' has exploded like a supernova across the media universe.

about quiet quitting, counting workers who report being neither engaged nor"actively disengaged" at work. They found that these quiet quitters make up at least half of the U.S. workforce. Overall, Gallup's data doesn't really show a sizable shift in how workers feel about their jobs over the last few years, suggesting that quiet quitting could be a normal feature of the American workplace.

"It's clear that quiet quitting is a symptom of poor management," Gallup writes. The organization recommends that company managers do a better job communicating with their underlings."Gallup finds the best requirement and habit to develop for successful managers is having one meaningful conversation per week with each team member — 15-30 minutes."Since the concept of quiet quitting began ricocheting around the internet, there have been countless takes on it.

But, of course, the world is much more messy than workers simply getting paid for how efficiently they work. A more sophisticated cartoon of the workplace is known as"the principal-agent model." In this model, the principal enlists an agent to do a specific job for them. The problem: the principal doesn't have complete information on exactly what their agent is doing.

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