The End of the So-Called 'Great Resignation'
The Brian Lehrer Show
WNYC
4.6 • 1.5K Ratings
🗓️ 17 July 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
The ‘Great Resignation’ phenomenon—which saw tens of millions of Americans changing jobs over a two-year span, and characterized a moment of worker empowerment -- seems to be coming to an end. Ben Casselman, economics reporter at The New York Times, discusses why this trend is occurring, what this means for the future of employee/employer power dynamics in the United States and what this tells us about the state of our economy.
Transcript
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| 0:00.0 | It's the Ryan Lever show on WNYC. Good morning again everyone. |
| 0:12.4 | With us now Ben Castleman who writes about business and the economy for the New York |
| 0:16.3 | Times, maybe you saw his recent piece called The Great Resignation is over. |
| 0:21.9 | Can workers power endure? |
| 0:24.1 | It comes at an interesting time with the TV and movie actors and writers on strike, of |
| 0:28.9 | course, UPS workers, poised to possibly walk out by the end of the month. |
| 0:34.6 | And inflation easing a little more than expected last month, the job market largely strong, |
| 0:40.2 | but rents sky high in the New York context especially. |
| 0:44.4 | And retail jobs among those still taking the biggest pandemic era hit, those kinds of |
| 0:50.8 | jobs. |
| 0:51.8 | And President Biden planning a second speech this week on what he calls Bidenomics, hoping |
| 0:57.5 | American see his administration as an economic success story as he runs for re-election. |
| 1:03.2 | So we'll tie all these things together as much as we can and take your calls with Ben Castleman |
| 1:08.6 | from the Times. |
| 1:09.6 | Ben, thanks for coming on. |
| 1:10.6 | Welcome to WNYC today. |
| 1:12.0 | Thanks so much for having me. |
| 1:14.4 | Remind us what did we mean by The Great Resignation and then tell us why you think it's over? |
| 1:19.7 | Yeah, I mean, so I think there are actually a lot of misconceptions about sort of what |
| 1:24.3 | it was. |
| 1:25.3 | And what it was, which we all agree on, I think, was this enormous wave of people quitting |
| 1:30.9 | their jobs in kind of the 2021-2022 period. |
... |
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