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Listen, I agree is seems weird to me, but I am in my 40s. Kids are just different now. But I cannot deny that when we looked at the data, it didn't reflect that and then when we did studies on it, the amount of pay was not that important, and then when we put solutions in place that had nothing to do with raising wages, and mind you this was against what every manager in my company wanted to do, they all wanted to give more money, but we didn't and we were able to drastically reduce the quality people leaving our company. Now maybe where I work is unique, but we are one of the largest employers of working class labor in the country, so I imagine it reflects the larger mood of the younger generation pretty accurately.
I agree with you entirely; I'm just pointing out that this assumes a baseline of workplace culture and decent enough pay to survive. I did a 50-page lit review on this for my first master's.
You aren't going to retain employees paying 12 bucks an hour for hard labor no matter how many holiday parties you host. Once you have a modicum of respect and decent pay in a workplace, all the other stuff you're describing becomes relevant.