Why the ‘great resignation’ became the ‘great stay,’ according to labor economists

Why the ‘great resignation’ became the ‘great stay,’ according to labor economists


Key Points
  • The “great resignation” of 2021 and 2022 saw unprecedented numbers of workers quit their jobs amid ample and better-paying job opportunities. Today, it’s the “great stay.”
  • Businesses pulled back on hiring due to higher interest rates. Fewer job openings hindered the prevalence of quitting.
  • Employers aren’t laying off many workers, however, due to a “scarring” effect.



Source

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