Friday, November 15

Americans massively quit their jobs: they migrate to companies where they are paid more


The reason millions have quit their jobs has to do with economic growth and benefits. According to data from the Bureau of Labor Statistics, about 4 million Americans left their jobs in April

Los estadounidenses renuncian masivamente a sus empleos: migran a empresas donde les pagan más
According to experts there is a huge challenge for companies, the queues due to the current trend would be forced to offer better wages.

Photo: Regina Störk / Pixabay

Luis Diaz

The Covid pandemic – 15 completely changed the labor reality for millions of Americans, who due to confinement were able to develop new skills for remote work or reinforced those already acquired. Now that the labor trends and the interests of the workers have evolved .

Regardless of the fact that millions worked from home, unlike others who never stopped for being essential workers, with the massive return to the workplace Many Americans have decided to quit their jobs in order to get jobs to provide more career development, monetary, as well as better benefits .

For such reason those who have decided to leave their employment are already in others with better conditions. On the other hand, there are those who decided to undertake and thus not depend on anyone else. There are even those who are resigning without having any option, they trust that they will be able to get a better job deal elsewhere as the economy recovers from the crisis.

From According to data from the Bureau of Labor Statistics, about 4 million Americans left their jobs in April, which raised the churn rate to a 24% before the pandemic. Layoffs represented a maximum of 13 million in March of 2020. So far, this trend has been reduced to monthly levels.

The reality of this year indicates that the rate of people who are quitting is extremely high, despite that the unemployment figures are huge, Michael Pearce, a senior economist at Capital Economics, told CBS. “People are so confident in their prospects of finding a new job that are quitting at an unprecedented rate “.

Since several companies announced that raise their minimum wages many workers chose to leave their jobs so that they could earn more money than they were being paid. According to economists and labor experts if this trend continues, many companies would be forced to raise their wages to prevent flight of personnel.

With base In Pearce’s analysis, if the current rate of job abandonment holds, average wages would grow at a higher rate of 3.5% this year, which would represent the highest rate in recent 13 years. The trend of salary increases has become more noticeable in the restaurant and bar industries, which have historically paid very low salaries.

Therefore, various companies are already offering jobs where the minimum wage per hour worked represents the $ 15 dollars in addition to the fact that they are already offering a growth and career plan for workers to aspire to stay and work for a long time. Firms like Chipotle offer this possibility for those who already work there and for those who aspire to join the firm.

You may also be interested in: Bipartisan proposal would give $ 180 weekly to encourage job search