The Daily The Great Resignation is Over
44 snips
Jul 12, 2023 
Ben Casselman, an economy correspondent for The New York Times, discusses the conclusion of the Great Resignation and its lasting implications for workers. He highlights how job quitting rates have returned to pre-pandemic levels, questioning if the gains in wage and job satisfaction for low-wage earners will remain. The conversation dives into the emerging empowerment movements among workers and the challenges presented by potential economic downturns, emphasizing the need for structural changes to protect workers' rights.
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Workers Quitting
- Many Americans quit their jobs during the Great Resignation, seeking better work-life balance and meaning.
- Some explored new interests or started businesses, feeling liberated from unsatisfying jobs.
Great Resignation Ending
- The "Great Resignation" refers to a period of increased job-switching after the pandemic, now declining.
- BLS data shows the quit rate peaked at 4.5 million monthly, but is now nearing pre-pandemic levels.
Low-Wage Workers Driving the Trend
- The "Great Resignation" was primarily driven by low-wage workers in service industries, not white-collar professionals.
- Quitting was concentrated in hospitality, leisure, and retail sectors.