Ones and Tooze The Great Resignation/Pet Food
Nov 19, 2021
Explore the intriguing dynamics of The Great Resignation as 10.4 million jobs remain unfilled in the U.S. Understand the cultural shifts and economic factors driving workers to leave their jobs. Delve into the booming pet food market, with a staggering $37.96 billion spent in 2020. This trend raises questions about consumerism versus the deep emotional bonds between humans and their pets, highlighting the significant investment Americans make in their furry companions.
AI Snips
Chapters
Transcript
Episode notes
The Great Resignation Puzzle
- Economists call the mass exit from the workforce "The Great Resignation".
- They struggle to explain this phenomenon and its implications.
Quitting and Job Openings
- People quit jobs when they have other opportunities and feel confident.
- Quitting is more common in stressful sectors like healthcare, tech, and hospitality.
Mass Quitting in Leisure and Hospitality
- 7% of leisure and hospitality workers quit in August 2021 alone.
- This includes jobs in hotels, bars, restaurants, and theme parks.