What's happening in the job market? For six consecutive months workers have issued a collective adios in record numbers. In August along a tranche of 4.3 million Americans packed it up. That's equal to 3% of the workforce. This is unprecedented, according to the Bureau of Labor Statistics. Elsewhere in the job market, 7.7 million Americans are unemployed, and more than 10 million jobs remain unfilled. Former Labor Secretary Robert Reich opines that “[Employees] don’t want to return to backbreaking or boring, low wage, shit jobs, Workers are burned out. They’re fed up. They’re fried. In the wake of so much hardship, and illness and death during the past year, they’re not going to take it anymore.” We totally get all of that. But we do wonder what the heck people are going to do to pay the bills? Anecdotes that we've read, or have heard tell, reveal that it's not just the near-retirement Baby Boomers that are pulling the ripcord. Younger folks are also bidding adieu. Media reports show that they're taking trips, working on projects, bumming around, or finding more emotionally fulfilling work. Our guess is that, sooner or later, the trend will normalize. But for now, three cheers for all those who are stirring up the spirit of Johnny Paycheck!
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