For the nearly 57 million Americans who left their jobs between January 2021 and February 2022, nearly 89 million people were hired, according to government data.
Minneapolis Federal Reserve President Neel Kashkari said he doesn’t “really buy the Great Resignation” — the term for the Americans who have quit their jobs in droves during the pandemic.
“There’s a churn away … from the toughest jobs to more attractive jobs,” Kashkari said. “That’s something we’re all going to have to adjust to, because we need long-haul truck drivers; as much as Silicon Valley says they’re all going to be out of a job soon, it’s going to take longer than they think. And we need child-care workers. So we’re going to all have to make adjustments, and that probably means adjustments in wages.
Kashkari isn’t the first to theorize that workers are searching for greener pastures, rather than fleeing the workforce entirely. Indeed, for the nearly 57 million Americans who left their jobs between January 2021 and February 2022, nearly 89 million people were hired, according to government data. Some experts have said that the so-called “Great Resignation” is more of a “Great Renegotiation” or “Great Reshuffle.
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