The 'Great Resignation' and Inflation Could Push Each Other Higher, Says Economist
The term “great resignation,” which describes the record numbers of people quitting their jobs amid the pandemic recovery, has gained some traction recently
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The term “great resignation,” which describes the record numbers of people quitting their jobs amid the pandemic recovery, has gained some traction recently
To where we should be. biden gave people tons of money and they don't have to go to work. 4 million less people employed today than in february of 2020. that's shocking! all of these openings are sitting there because demand is way up because we have given them all of this money to buy stuff, but taken away their incentive to work. it's a catastrophe leading to inflation and supply chain problems and immigration into the country. that's the problem in a nutshell. >> sandra: and the quit rate. 4.2 million americans quit their jobs in october. the labor market -- i don't know, some economists ar...
Time to move on, which is why you've got all these senators can out they're out there thinking about it, though very few will take trump on frantically. they're trying to wait and see what trump turns into. have no doubt, right now, donald trump in a republican primary, he still trouble in the general, despite what is polls are, he's quite powerful. >> james carville, who for my money, and many says we haven't seen each other -- 40 too long, a learned man said years ago, it's the economy, stupid. and i'm curious to feel you out on the danger of inflation, the danger of sky-high gas prices, and...
We are seeing an end doubling of available jobs and at the same timejobseekers are of available jobs and at the same time jobseekers are being pretty choosy and pretty cautious which means we are seeing fewer applicants per role which brings down the competition for any roles so it's really never been a better time to try to get a job, but at the same time, when you compare country to country, we are definitely seeing that the us seems to have a little bit more momentum than other parts of say, in the uk or continental europe. interesting, because what does that high quit rate tell us about th...
White house loses the virginia governorship. and you're faced with a little bit of a different electorate, and i don't think the democrats have done near good enough job of talking about how really good this economy is for workers. i mean you look at the quit rate. workers have more power now than they had at any time in this century. i do think that our communications, i think the white house communication has been bad. i'm very critical of people like myself that have access to shows like you that i haven't framed this work well, and i blame cnn and "the new york times" and everybody else. w...