The deadliest epidemic in 100 years likeSLOTXOCovid-19 It seems to change the face of many things, one of which is the labor market. which is a frequently discussed issue in the large economies of the West Especially the United States is The state of the great resignation wave, or the great resignation, which began to appear since the spring of last year. After the United States eased the lockdown and reopened the economy to a large extent.
when city lockdown and economic shutdown Americans have lost their jobs. But when the economy opened and the economy expanded strongly. The situation reversed Because it turns out that the US labor market is quite tight or shortage. open positions There are more than the number of people applying for jobs or looking for jobs. due to The great resignation
According to the US Department of Labor Last year, 47 million Americans voluntarily quit their jobs, a record high. And the phenomenon has continued until this year, for example, in March and April, more than 4.4 million people quit their jobs a month.
"Anthony Klotz" Assistant Professor University College London School of Management says major workforce resignation is linked to COVID-19. Most of them were out of power at work, while working from home during the outbreak. Give workers time to review what the top priority in life is. what is the value Plus, they're used to working from home. therefore do not want to return to work in the office
A report by consulting firm Corn Ferry showed the resignation was not due to underpaid. it is because jobs are not meaningful or fulfilling their needs. However, some economists believe wages are a key driver. Hourly wages in May rose 6.1%, the highest in 25 years, due to record demand for workers. Pushing businesses to compete for talent by increasing wages
Nick Bunker, an economist at job site INDEED, said job openings were near a record high. As a result, workers have the opportunity to switch from their old job to a new, higher-paying job. Therefore, the reason for the resignation is likely due to seeing new opportunities for higher incomes. rather than resigning due to exhaustion