The ‘Great Resignation’ goes global…

Sharing is Caring!

In the United States, the phenomenon dubbed as the “Great Resignation” seems to be picking up speed. A record 4.3 million U.S. workers quit their jobs in August, according to new data from the Labor Department — a figure that expands to 20 million if measured back to April. Many of these resignations took place in the retail and hospitality sectors, with employees opting out of difficult, low-wage jobs. But the quitting spans a broad spectrum of the American workforce, as the toll of the pandemic — and the tortuous path to recovery — keeps fueling what Atlantic writer Derek Thompson has described as “a centrifugal moment in American economic history.”

Wages are up and businesses face staffing shortages, while the experience of a sustained public health emergency has prompted myriad Americans to reevaluate their work options.

See also  186 More Banks “Are At Risk Of Failure”, And That Could Push Us Into The Next Great Depression

See also  The Great Financial Collapse of 2023. Comparison of Bear Stearns' collapse in March 2008 and Credit Suisse in March 2023.

Views: 3

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.