February 15, 2022
KCUR 89.3’s Steve Kraske recently hosted Jay Zagorsky, Senior Lecturer in Markets, Public Policy, and Law, for a segment of Up To Date that featured his his take on using the term “Great Resignation” to describe the surprising turmoil in America’s current job market.
In the interview, Jay declares, “it’s time to rethink the ‘Great Resignation’.” While labor reports have shown that a record number of people left their jobs in 2021, reaching an all-time high in November.
“What we really need to focus on is a percentage, because the labor force has grown rather dramatically.”Jay Zagorsky
Senior LECTURER in MARKETS, PUBLIC POLICY, & LAW
Additionally, Jay made it clear that information on quit rates has only been collected for the last 20 years, and in that time, “the labor market has grown by 20 million people” and as the number of workers increases, so does the number of people who will quit their jobs. He concludes by advising those who are looking for new jobs to,
“Always find another job before you quit your current position . . . search while you’re employed, you’ll have a much higher probability of getting a successful match.”