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Increase according to a lot of economists out there. >> complete me speak to that. that's a great point. so here's the thing. there's a lot of churn in this economy. not only do we have company cutting, like tech firms that there was bloated employment but given the fact that there's hover 10 million vacancies, unfilled jobs out there, many folks are finding jobs and good jobs pretty quickly. even people that have jobs are upgrading their employment. we're seeing that in the quit rates, getting better jobs. that is the kind of upward mobility, upward opportunity that is absolutely key to biden...

There are still 10.6 million unfilled positions. >> people feel empowered. and they should because the job market is tight. if they're not happy with what they're doing. so i think quit rates will be high for a long time to come. >> as omicron sweeps the country, this silence is what restaurant owners are facing. michael dorf ceo of city winery says he is doing everything to keep the staff he has left, even with less business. >> we're still hiring as ironic as that is. >> he normally operates with 1,200 employees across his restaurant and music venues. >> we're only up to about 950 around the...

Great resignation or the big quit, right? people have left their jobs in record numbers. so if inflation is going up. there's this discrepancy between the living wage and minimum wage. people getting more money as wages are going up, so why are so many people quitting then? >> because some people call the great rebellion, because if you look a back over 40 years, you'll see that wages for middle and low-wage workers he been stagnant if not falling. at the same time, the wages for higher income people have been increasing and the wages for the people at the very top have been soaring. and then,...

Satisfaction. and one of the strongest predictors there is wages. if you increase wages, you will decrease quit rates, you'll decrease the absenteeism, and this can result in a more productive workforce. now, it turns out that also, the effects on the health, as we said before, the health of the employees and this can get down to employers. because if employers are health area, this means that employer-provided health insurance premiums for the employer will be less and this would be welcome news by the employer. >> we'll have to leave it there, but thank you so much for being with us here. pr...

Americans have been leaving the workforce in record numbers in recent months, contributing to a "Great Resignation" that has left employers fighting for a dwindling supply of labor. But like any...