I see, I was only looking at the story.
However, just because 6.3M people quit, that doesn't mean they are unemployed - it simply means they left their current employer. With the number of light industries and other places paying a decent wage, leaving job A at $11/hr for job B at $19/hr is a no-brainer, and the $11/hr job can't fill it.
The story even points out that the mean separation rate is about the same as usual, so this is just slightly higher than normal churn.
industries and other places paying a decent wage, leaving job A at $11/hr for job B at $19/hr is a no-brainer, and the $11/hr job can't fill it.
The entire variable driving it right there. Wages. People have realized they have options. Why put up with low wages, neurotic managers, schizophrenic schedules, or other fuckery, when you can just go across town and make two dollars more per hour and deal with none of that?
Exactly. There are still fast food places around me advertising "Up to $10/hr." Why do that kind of job where you have no idea what your schedule or hours will be, when LogisticCo or FabricationCo is offering $19-20 with a dedicated schedule for 40 a week?
All the warehouses that sprung up around me in the past few years can't find people either, even at $19, but I suspect that's less "people don't wanna woooooooork!" and more "we've soaked up all of the available people in this particular area, and johnny-come-lately doesn't have any people to attract."
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