Right now, a record number of workers are quitting their jobs — 4.4 million last month alone — at a time when employers are desperate to hire.
The reasons why are many. But simply put, workers are no longer willing to put up with the pay and working conditions they accepted prior to the COVID pandemic.
So it’s not a huge surprise then that — given the relative scarcity of workers, as well as urgent hiring needs to address pinch points in supply chains, plus fast-rising inflation — wages are starting to go up.
Employees are finally clawing a little power back.
Have the tables turned? Are we now entering a new a golden era for workers and early retirees?
Or may today’s quitters wake up tomorrow with regret?
Alasdair MacLeod returns for Part 2 of interview with him, in which he confidently predicts the banking system will need to be rescued by the central banks due to the...
Payrolls rose by only 22,000 in August, significantly below the predicted Non Farm payroll increase of 75,000. The unemployment rate edged up from 4.2 to 4.3%. This as...