What data can teach us about the 'Great Resignation'

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Buddy Punch reviewed government data, news reporting, and academic studies to reveal insights on how the “Great Resignation” is impacting the U.S. workplace. It’s tempting—fair, even—to question how roughly 33% of the workforce could be so willing to forfeit employment and a steady income amid the current climate of economic uncertainty. But this trend has shown that people aren’t quitting in spite of the pandemic—they are empowered to quit because of it. Record-setting and -breaking is, almost detrimentally, a significant part of the narrative around the Great Resignation. But many of the metrics hitting unprecedented levels are doing so within the scope of just 20 years of collected data. The Bureau of Labor Statistics only began tracking quit rates in 2000. Relative to other major milestones in the country’s history prior to 2000 like wars and economic downturns, it is likely that the workforce has experienced similar trends before. The Great Resignation could be rebranded with a number of terms that perhaps more accurately describe how and why the American workforce is changing: the Great Industry Migration, the Great Revaluation, the Great Negotiation, for example. What the Great Resignation hype has failed to do, particularly through its focus on record-breaking, is to capture the systemic issues and cultural context the numbers are practically screaming attention to. The pandemic created an opportunity for people to evaluate their professional satisfaction and how jobs fit into our COVID-era definitions of personal well-being. Now, the U.S. economy is simultaneously experiencing an ideological shift towards jobs—and lives—with purpose, and the refusal of many low-wage workers to accept the status quo: stagnant pay, poor or no benefits, long hours, and little job satisfaction. Even though there are currently more job openings per job seeker than at any other time in the last two decades, changing jobs is still just a dream for many. Plenty of people dream of a job that fills their life with meaning, but many place a higher priority on keeping their families fed and healthy. For others, particularly women, quitting their jobs is not always a decision made from a place of empowerment, but rather a childcare calculus. The Great Resignation is a complex phenomenon indicative of longstanding dissatisfaction within the American workplace. As the data continues to emerge and reveal the full scope of this reckoning, we’ve learned enough over the course of one year to begin making impactful changes. Read on to see what the data has revealed so far. Visit thestacker.com for similar lists and stories. © 2022 Stacker Media, LLC; Distributed by Tribune Content Agency, LLC [Tweet It]( - [Facebook It]( Sponsor [You May Have Unclaimed Cash... 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