But the great resignation, a trend that spawned a million colloquialisms and widespread panic among bosses, isn’t driven entirely by economics.
“The great resignation, at its core, is a people shock,” Richardson explains. “All of the challenges of the pandemic led us to re-evaluate the purpose of work in our lives … but the labor market of 2021-2022 supported this self-reflection: stimulus checks, a moratorium on rent payments, all of these initiatives relieved the financial pressure of staying in a job you hate because you need the money.”
Now, most of the social supports job-switchers have counted on are “gone,” she adds. “The labor market is no longer in job switchers’ favor.”
Source: The ‘great resignation’ is over—and Gen Z, millennials could benefit the most
Does that suggest Universal Basic Income schemes will lead to fewer people working and taking their job seriously?
