The Great Resignation: Will The Millions Quitting Their Jobs Now Come To Regret It? | Adam Taggart

Right now, a record number of millions of workers are quitting their jobs, at a time when employers are desperate to hire.

Last month, a record 4.4 million people quit their jobs. Folks have been resigning from their jobs in staggering numbers since the second half of last year:

The reasons why are many, but simply put, many workers are no longer willing to put up with the pay and/or working conditions they accepted prior to the pandemic.

All in all, the US labor force has dropped by 5 million since the pandemic started.

So many people are leaving the job market that, according to the latest stats from the Bureau of Labor & Statistics, the Jobs Openings rate is at 6.6%, Having spiked by nearly 50% since the beginning of the year.

It’s not a huge surprise then that given the relative scarcity in workers, as well as urgent hiring needs to address pinch points in supply chains, plus fast-rising inflation -- wages are starting to go up. Employees are finally clawing a little power back.

And the data is indeed showing that when quitting for a new job with a new employer, workers are successfully trading up & receiving a higher paycheck.

Have the tables turned and we’re now entering a new a golden era for workers?

Or may today’s quitters wake up tomorrow with regret?

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