Paying People Not to Work Didn’t Work, by Lewis Morris

American workers quit their jobs at record levels in 2021. In November, 4.5 million workers left their jobs, the highest in eight straight months of record exits. It’s called the Great Resignation, and it’s yet another consequence of the federal government’s incompetent meddling in the labor market during the pandemic.

Workers are leaving low-wage jobs in large numbers. The hospitality and retail trade sectors suffered the biggest hit, losing 6.9% and 4.4% of their workforces, respectively. Data from the Labor Department and private firms suggest that this is not a wave of job-quitting so much as it is a wave of job-switching. In our current inflationary spiral, the only way for many people to get a pay raise is to switch jobs. …

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