Jill On Money: The great reshuffle
https://www.siliconvalley.com/2022/02/07/jill-on-money-the-great-reshuffle/
The Great Resignation is so 2021. This year, we should replace that term with a new one, according to LinkedIn Principal Economist, Guy Berger. With millions of Americans quitting their jobs since last summer, it’s easy to understand why we all hopped on the Great
Before we get to the replacement term, a little primer: the report on which economists declare that the number of resignations is at an “all-time record” is called the Job Openings and Labor Turnover Survey (JOLTS). The survey began in 2001 and as such, it captures the past two decades, but not seismic events in the labor force like the Depression and World War II. That said, as the labor market has recovered, millions of workers have quit their jobs voluntarily amid millions job openings. Did most tell their bosses to take their jobs and shove it? Sure, but that does not mean that they are never going to work again. Berger contends that workers are switching jobs, not eating bonbons on their couches, which means that the Great Resignation is more of a Great Reshuffle.