Post Reports Quitters, part 3
Dec 17, 2021
Darrick Hamilton, a professor of economics and urban policy at the New School, dives into the reasons behind a record number of job quitters. He discusses how the pandemic and government support have empowered workers to seek better conditions. Rather than viewing this as a ‘Great Resignation,’ Hamilton prefers to see it as a moment of empowerment, emphasizing the increase in collective bargaining and unionization efforts. He also highlights the critical need for a robust care economy to support workers juggling health and caregiving responsibilities.
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Stimulus and Recovery
- The 2007-2008 recession saw government bailouts focused on banks, leading to a slow recovery and jobless growth.
- The pandemic recovery was quicker due to stimulus directed at workers, empowering them to leave undesirable jobs.
Generational Shift in Work Ethic
- Younger workers typically have higher job turnover rates, but this trend now includes middle-aged workers.
- This might reflect a generational shift, with younger people prioritizing job empowerment, dignity, and fair conditions over simply having a job.
Beyond Wages
- Workers are quitting not just for higher wages, but also for better working conditions and overall well-being.
- The pandemic highlighted the importance of health, caregiving, and a work-life balance, influencing job decisions.