BELOW SUPERNAV drop zone ⇩

The ‘Great Resignation’ could lead to better jobs

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

Testing widget old system

Lorenzo shared

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

COLUMBUS, Ohio (WCMH) – Americans continue to quit their jobs in record numbers in a trend economists have dubbed “The Great Resignation.” But those workers aren’t leaving the labor force –they’re simply searching for better opportunities.

For those whose jobs got harder during the pandemic, they’re now looking at the door and wondering if the grass – and paycheck – is greener on the other side.

“It wasn’t a gamble for me. If anything, I was gambling on myself,” said 37-year old Ben Baker, who spent most of his adult life in retail, managing stores in Ohio malls. In April, he decided enough was enough.

“I was probably working, you know, 60 to 65 hours a week,” Baker said. “When COVID hit and I saw and experienced how rough the industry was, I started looking at a plan B and that plan B for me was to get involved in and make a turn into technology somehow, someway.”

After a 14-week coding course with TechElevator, Baker said he is now an app developer for Victoria’s Secret.

He’s far from the only one moving on. The Department of Labor reports a record 4.4 million Americans quit their jobs in September, adding pressure to an already existing labor shortage.

“The part of the economy that was hit worse during the COVID downturn was in-person sorts of jobs and those are the companies, whether they’re restaurants or bars or gyms, that in-person contact, that right now have the most need of workers,” said David Berson, chief economist with Nationwide.

Counterintuitively, Berson said it’s actually a sign the economy is doing much better than in the early days of the pandemic.

“It may not be better if you’re an employer because it means in order to keep people or to get somebody else to fill a role, you’re going to have to pay a higher wage,” he said. “But for the people who are leaving their jobs, they’re only doing it because they think they’ll be better off, that they can get another job, a better job, or they’ve already been offered a better job.”

Berson predicts the “Great Resignation” will continue for at least a few more months, if not longer, because people have options.

“Companies are really looking for workers right now, to an extent I can’t recall in the past,” Berson said. “Will it last? Probably not, but it’s very good right now and it’s not just for the Christmas season. So until we get a large number of people coming back into the labor force, I think we’ll see quit rates stay relatively high and we’ll see wage gains remain pretty strong.”

Baker said he enjoys his new job a lot more than his past work in retail. “I don’t have to do that physical labor, that physical work. Emotionally, I’m not dealing with call offs. I’m not dealing with hiring, letting people go. I’m not dealing with the constant turnstile of training people just to see them walk out the door and go down to the next store because they’re able to pay twice as much.”

Baker said making a leap might not be for everyone, but looking back, he has no regrets.

“For me, while it was a radical shift. It was probably one of the best decisions I’ve ever made. With family time, it’s been a lot better for me to be able to spend time with my family, going to my kids’ soccer games, just being around them as they’re growing up.”

Midwest

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Fair

la

71°F Fair Feels like 71°
Wind
8 mph SW
Humidity
68%
Sunrise
Sunset

Tonight

Partly cloudy skies. Expect mist and reduced visibilities at times. Low 62F. Winds WSW at 5 to 10 mph.
62°F Partly cloudy skies. Expect mist and reduced visibilities at times. Low 62F. Winds WSW at 5 to 10 mph.
Wind
8 mph WSW
Precip
9%
Sunset
Moon Phase
Waning Gibbous