The 'Great Resignation' goes global
E5E69EB8-04E7-438F-B2F4-2F723C2B24FB.jpeg
In the United States, the phenomenon dubbed as the "Great Resignation" seems to be picking up speed. A record 4.3 million U.S. workers quit their jobs in August, according to new data from the Labor Department - a figure that expands to 20 million if measured back to April. Many of these resignations took place in the retail and hospitality sectors, with employees opting out of difficult, low-wage jobs. But the quitting spans a broad spectrum of the American workforce, as the toll of the pandemic - and the tortuous path to recovery - keeps fueling what Atlantic writer Derek Thompson has described as "a centrifugal moment in American economic history."
Wages are up and businesses face staffing shortages, while the experience of a sustained public health emergency has prompted myriad Americans to reevaluate their work options.
In social democratic Western Europe, a stronger safety net has led to somewhat less disruption in the workforce. But similar trends are at play: "Data collated by the OECD, which groups most of the advanced industrial democracies, shows that in its 38 member countries, about 20 million fewer people are in work than before the coronavirus struck," noted Politico Europe. "Of these, 14 million have exited the labor market and are classified as 'not working' and 'not looking for work.' Compared to 2019, 3 million more young people are not in employment, education or training."
BAD18649-4D01-40C9-80A7-2A985BC9CFBC.png
7F793096-C7F6-4DDF-8B96-423E29838323.png
12F0224B-6275-4A02-B46F-6660F37BF190.jpeg
54253231-7E3C-45C8-9C74-1DBB969060C9.jpeg
https://www.washingtonpost.com/world...nation-global/