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The Daily

The Great Resignation is Over

The Daily

The New York Times

Daily News, News

4.4102.8K Ratings

🗓️ 12 July 2023

⏱️ 24 minutes

🧾️ Download transcript

Summary

Tens of millions of Americans changed jobs over the past two years, a rare moment of worker power as employees demanded higher pay, and as employers, short on staff, often gave it to them. The tidal wave of quitting became known as the “great resignation.” Now, as the phenomenon seems to have fizzled out, the Times economic writer Ben Casselman discusses whether there have been any lasting benefits for American workers. Guest: Ben Casselman, an economy correspondent for The New York Times.

Transcript

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0:00.0

Previously on The Daily.

0:04.1

How big was your staff pre-pandemic and how big is it now?

0:06.6

So in February, I believe we had about 13 employees.

0:10.9

Now it's six of us.

0:12.3

Pre-pandemic we had a staff close to 50.

0:14.3

Wow.

0:15.3

What do you want now?

0:16.3

I have 30 now.

0:18.1

Over the past two years, tens of millions of Americans quit their jobs.

0:22.9

You know, I started thinking like, well, why am I really doing this?

0:26.0

It felt very liberating.

0:28.0

I was able to rediscover and discover things that I never really did for myself.

0:32.7

Is this really serving me or is it just serving, you know, whoever my employer is?

0:37.8

It was a title wave that became known as the Great Resignation.

0:42.2

So now I would much rather take my time and try to find a situation where there's stability

0:48.6

and security.

0:49.6

Once I took stock of my life, I was like, I've never, ever, ever.

0:53.9

They're gone.

0:54.9

Ever.

0:55.9

They're not coming back.

0:56.9

They're never, ever going back to that.

0:59.5

I think a lot of people are like, I've had it.

...

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