The “Great Resignation” remains one of the buzziest economic stories of 2021. But the more people talk about it, the more I wonder whether most people know what they’re talking about. As so often happens with other nifty phrases and neologisms, use of the term and abuse of the term are in equal proportion.
Let’s start with what’s true. More Americans left their job in April this year than in any other month on record, according to the Bureau of Labor Statistics’ analysis of what it calls “quits.” Even more people quit in July, setting a new record. We broke that new record again in August. And then again in September. This is what people refer to as the “Great Resignation,” and it is, as I’ve written, getting greater by the month.
Now for what’s not true. Here are three popular myths about the Great Resignation and who is affected by it.
Please select this link to read the complete article from The Atlantic.