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The ‘Great Resignation’ is in Fact … Well, Great

It's not knowledge workers with burnout. It's low wage workers finding higher paying jobs.
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November 22, 2021 12:02 p.m.

Behind inflation and supply-chain driven supply shortages one of the biggest topics in 2021 economics discussions is the so-called ‘Great Resignation’. This is a phrase increasingly used to describe the historically high levels of people quitting their jobs. Most often this is treated as one of the many ills facing the COVID and post-COVID economy. It’s also blamed what are frequently described as labor shortages. And it’s even blamed for inflation.

In fact, virtually everything we know about the Great Resignation is a good thing. And we should embrace it. It’s not knowledge workers reevaluating work life balance. It’s low wage workers in grueling and thankless jobs finally telling their bosses to go F themselves, quitting and finding better paying work.

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