In 2020, the Covid-19 pandemic caused significant disruptions in the labor market, resulting in employee layoffs and hiring freezes. By 2021, the situation reversed as the economy reopened, leading to a surplus of open job positions. This shift ignited the Great Resignation, a phenomenon where over 100 million U.S. workers voluntarily left their jobs in search of better compensation and benefits, from 2021 to 2023. Chase Thiel highlights key factors, including workplace ethics and leadership, that influenced this drastic workforce movement.
In the wake of the Covid-19 pandemic, the labor market flipped, with a surplus of job openings leading to the Great Resignation where millions quit their jobs seeking better opportunities.
The Great Resignation, which spanned from 2021 to 2023, saw over 100 million workers leave their jobs striving for improved salaries and benefits amid a favorable job market.
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