Sunday, October 24, 2021

The ‘Great Resignation’ goes global (Interesting economic article)

 via Washington Post

“This [pandemic] has been going on for so long, it’s affecting people mentally, physically,” Danny Nelms, president of the Work Institute, a consulting firm, told the Wall Street Journal. “All those things are continuing to make people be reflective of their life and career and their jobs. Add to that over 10 million openings, and if I want to go do something different, it’s not terribly hard to do.”

The “Great Resignation” in the United States was preceded by a far greater — decades-long, arguably — stagnation in worker wages and benefits. In lower-end jobs, earnings have not matched the pace of inflation, while work grew more informal and precarious. Workers’ rights activists now see a vital moment for a course correction. October has been a banner month for American organized labor, with major strikes across various industries sweeping the country.

“Workers are harder to replace and many companies are scrambling to manage hobbled supply chains and meet pandemic-fueled demand for their products. That has given unions new leverage, and made striking less risky,” my colleagues reported.


Bottom line: Now is a great time to switch jobs.

Tweet here 

No comments :

Post a Comment

Note: Only a member of this blog may post a comment.