Wednesday, February 02, 2022

It's Not a "Great Resignation"

The MSM has been flogging 'the great resignation' recently.

It's not what they'd like you to believe.  In fact, it's exactly what the trend points to.

...the level of quits is not actually above where we would expect it to be without the pandemic. Between 2010 and 2019, the level of quits increased on average 7.3 percent each year, some years higher and some years lower. If that average had held in 2020 and 2021, we would have had 48.5 million quits this year [instead of 47.4 actual].
So what's going on?

Simple.  People are taking better jobs.  Employers no longer 'own' the market as they had for the decade following the '08 recession.  There are more jobs available.

This also means that employers who run sweatshops, or who disrespect their employees, are going to have a lot of problems.  Couldn't happen to a nicer bunch, eh?

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