I was stunned to read how many people quit their jobs last month. It even has a name. “The Great Resignation.”
From the Washington Post, a record 4.4 million people quit their jobs in September. The previous record number of 4.3 million quit a month earlier in August.
I get it. It’s been a rough few years for many people. Covid shook us to our core. Uncertainty about the future took hold. We all had to re-examine our priorities.
That said, how do you afford to just quit? I know I couldn’t.
There are reasons for this. According to The Post, rising Covid cases, problems finding childcare and better wages elsewhere are among them.
The pandemic upended the economy and life. It continues. While many people are getting hired, many more are quitting. One economist says it’s a worker’s economy. Employees are in charge. Employers are doing everything they can to keep workers.
According to the U.S. Department of Labor, arts, labor and education are seeing a spike in “quit rates.” It’s a sign that Americans are switching jobs for better pay or quitting to start their own businesses.
How this will all play out is anyone’s guess. The economy hasn’t seen anything like this in years. Maybe, ever.
More to come.