Morning Brew Daily Is The Great Resignation Over?, Meta's New VR Headset, & The War on Big Dairy
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Jun 2, 2023 Discussing the signs that 'The Great Resignation' may be winding down, the hosts analyze the changing job market and its impact on worker trends. They dive into Meta's new Quest 3 headset, highlighting its advanced features and competition with Apple. Controversy brews over an ad featuring Aubrey Plaza and its legal implications for big dairy. The tech sector sees a resurgence, contrasting with the struggles of other companies, while the hosts wrap things up with a quirky roundup of bizarre news stories.
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End of the Great Resignation
- The "Great Resignation" is likely over as the quits rate has returned to pre-pandemic levels.
- This suggests a cooling job market and workers choosing stability over risk.
Great Resignation Buzz vs. Reality
- While widely discussed, the Great Resignation's peak quits rate was 3%, not significantly higher than pre-pandemic levels.
- The buzz around it may have been amplified by CEOs using it to explain turnover on earnings calls.
Great Resignation Pay Bumps
- Despite similar quit rates in the past, the Great Resignation was unique due to significant pay bumps for job switchers.
- These pay increases, reaching up to 20%, incentivized workers to leave their current jobs.