Posted on 10/12/2021 7:32:41 PM PDT by anthropocene_x
Americans quit their jobs at a record-high pace in August, with almost 3% handing in their resignations, the government reported on Tuesday. The number of quits increased in August to 4.3 million, which is 242,000 more than in July. The quits rate increased to a new high of 2.9%.
The Labor Department said the jump in quits is the highest on records dating back to December 2000, and up from 4 million in July. Hiring also slowed in August, the report showed, and the number of open jobs fell to 10.4 million, from a record high of 11.1 million the previous month.
When workers quit, it is typically seen as a good sign for the job market, because people typically leave jobs when they already have another position or are confident they can find a new one. The large increase in August likely reflects the fact that, with employers desperate for workers and raising wages, many workers feel they can get better pay elsewhere.
(Excerpt) Read more at cbsnews.com ...
Nothing to do with the vaccine mandates...NOTHING... IT IS NOT DUE TO THE VACCINE MANDATES... yeah right...
Mask fatigue.
And the mandates.
Read “The Great Resignation” it tells the complete job story
Quitting one’s job is equivalent to saying: “Let’s go Brandon”.
I saw an employee last time I visited Home Depot, but he ran the other way and quickly disappeared as I approached.
And cancel culture and “wokeness.”
I refuse to work and pay any income tax while there is a usurper in the as president.
The US Government, at this time could be invaded by China or Russia and I would view them as liberators.
NO ONE likes to work in masks.
Following China’s trend: Lying Flat
You must approach from the downwind side.
So wouldn't there be a somewhat commensurate number of "Jobs created" and not a 350K jobs created unexpected deficit like we just saw in the last labor numbers?
"Build back better" rhymes with "Work smarter, not harder" and "Do more with less" cries to try to rally those in the trenches. Catchy upper management marketing phrases that are useless, but sounds impressive to a sheeple audiences when those that issues those cryptic phrases are doing so to whip the herd into producing more with less and to supposedly justify their 7+ digit salaries...
I feel for the guys on the lower rungs who are buckling under the pressure to meet SLA's (already seen people leave for PTSD and mental health issues caused by work stress). However, after 40 years of pulling the plow, I am out of it and have no desire to step back into the cesspool...
i have hope for the country
they are smart enough to refuse the death shots
build back better is a global socialist theme spouted by many other places
biden just didnt think it up
What is the end game?
It also doesn’t help that a number of customers are treating workers like crap. A lot of these workers are doing the job that 2-3 people used to do...all while taking more $hit than ever. Hardly inspiring to stay at that job.
There a large number of issues here.
Here are the issues that I can think of. I am sure others can come up with additional ones
Aging workforce.
Lots of people pulled the trigger during Covid and retired. We have an inverted age pyramid. More older people at the top fewer younger people entering the workforce
Spouses leaving the work force.
Lot of families, due to covid, have re-assessed the two income family model. Covid forced them to make adjustments. They decided now that the positive gains of having 1 parent at home off sets the 2nd income .
End of the 2 job economy.
I think people would be surprised how many workers work multiple jobs. So a tight labor market and growing opportunities at their primary job encourage them to quit their 2nd job
The rise of the gig economy.
Covid forced a lot of people into using home delivery services. 10s of millions of them found they liked using them. Companies were forced to look at jobs to decide what can be done at home. It be interesting study to find out how many workers left the work force to do gig work or work at home.
Worker burn out
After dragging the economy forward for 19 months at a frantic pace while a large segment of the population coasted good workers are burning out. The mandatory OT, the stress, seeing what they worked so hard to build buying less and less they are throwing in the towel. They saying “Maybe I will not makes as much money but I will enjoy my life more.
Excessive Government handouts
I believe this is overstated since the unemployment benefits were scaled back without a large jump in people returning to work. But being over stated does not mean they do not have an impact. Raising the food stamp monthly benefit and the increase in the Earned Income Tax credit are having an impact
Who is John Galt?
When you have utterly pathetic untalented unqualified people making their ‘careers’ in public office and in the government bureaucracy you can’t expect to flourish as a nation. Trump did a great job. That said, replacing the entire population of government randomly with loyal American citizens off the street would immediately make things better.
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