They may force companies not only to raise wages and increase benefits, but also to offer more flexibility to attract and retain an in-person workforce. “On the top 10 list of reasons why people have been slow to get back to work, that might be number 10.” The ‘Great Resignation’Īnthony Klotz, an associate professor of management at Texas A&M who coined the term the “Great Resignation” to describe this budding labor market says the trends may have a silver lining. But it’s really on the margins,” argues Zandi. “I’m sure that some economist, some day, digging through some data will be able to prove that there was some effect on the margin of the supplemental UI. Tuesday’s numbers also offer further proof that expanded unemployment insurance was not a significant factor in keeping people out of work-since more people are quitting their jobs now than they did before the expanded benefit ended in September. Workers Are Realizing It’s the Perfect Time to Go on Strike More than 90% of Tyson Foods’ 120,000-person workforce were vaccinated in the same time frame. In Washington State, University of Washington hospitals reported 97% of staff were vaccinated by the end of September, according to local NPR station KUOW. Roughly 99% of Michigan’s Henry Ford Health System’s 33,000 employees complied with its vaccine mandate, according to the local NBC affiliate. And then there’s just plain old vanilla pandemic fatigue.ĭata from big employers across the country suggest that vaccine mandates aren’t playing much of a role. Those who have remained in jobs face increasing responsibility and grueling work conditions punctuated by fears of the next variant of COVID-19. A crumbling childcare industry is driving up daycare costs, making work unaffordable. Low-wage jobs often lack opportunities for career growth. Wages aren’t keeping up with surging prices. It’s more of a grab bag of diffuse burdens. There’s no single factor driving workforce behavior, economists add.
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