The year 2020 was an intense struggle for all Americans as thousands of businesses across the U.S. were crushed by the COVID-19 pandemic. Entire industries such as the entertainment and hostility sectors were devastated across the globe.
While the country is on track to reopening to full capacity with over 150 million Americans being fully vaccinated, many businesses are now facing an entirely new crisis for their sectors.
“What’s happening: Workers have had more than a year to reconsider work-life balance or career paths, and as the world opens back up, many of them will give their two weeks’ notice and make those changes they’ve been dreaming about,” Axios reported, noting that economists have dubbed the expected exodus “The Great Resignation.”
“Surveys show anywhere from 25% to upwards of 40% of workers are thinking about quitting their jobs,” said the political website.
University of Michigan economist Betsey Stevenson told Axios, “People have had a little more space to ask themselves, ‘Is this really what I want to be doing?’”
With a record of 9.3 million open jobs in America, the working class are now fully in the driver’s seat to change career paths if they choose.
“More U.S. workers are quitting their jobs than at any time in at least two decades, signaling optimism among many professionals while also adding to the struggle companies face trying to keep up with the economic recovery,” The Wall Street Journal reported.
“The wave of resignations marks a sharp turn from the darkest days of the pandemic, when workers craved job security while weathering a national health and economic crisis. In April, the share of U.S. workers leaving jobs was 2.7%, according to the Labor Department, a jump from 1.6% a year earlier to the highest level since at least 2000,” said the Journal.
When the COVID-19 pandemic swept across the U.S. last year, many companies virtually shut down and relied on workers to perform their jobs from home. Now, with the pandemic finally easing, some companies want their workers back in the office.
“For all that we’ve been able to achieve while many of us have been separated, the truth is that there has been something essential missing from this past year: each other,” CEO Tim Cook said in an email to workers. “Video conference calling has narrowed the distance between us, to be sure, but there are things it simply cannot replicate.”