Welcome to the Jill on Money Podcast. It is Thursday, October 14th. Yesterday I was very excited

to finally get on the air to talk about something that I've been diving deep into about

this idea of the great resignation or the big quit. I think the financial times has been

calling it the big quit. But basically, the idea that the pandemic, which is so unique

and weird, this whole situation, this last 18, 19 months, that it's really done something

completely strange to the United States labor force. And we're all using this experience

and I think contemplating our work lives very differently. And it is causing many people

to step out of the labor force, other people to step in, do different things. And so I went

on CBS Mornings to discuss this. Here is my segment on CBS Mornings about the great resignation.

Now it's not only truck drivers who are in short supply, many businesses are suffering

from a major shortage of workers, a record breaking 4.3 million Americans quit in August.

That's the highest number ever recorded. And with a 10.4 million jobs open, employers

are scrambling to find help. CBS News Business Analyst, Jill Schlesinger, joins us right now.

Jill, the supply chain issues are causing major headaches for consumers. How long is this

going to last?

Well, I think unfortunately these logistical log jam shortage of base materials and goods,

it's going to persist and definitely through the holidays season probably well into 2022

according to the economists that I've been talking to. So also probably going to see higher

prices persist right through the beginning of next year, probably through the end of the

first quarter.

Can we talk about this great resignation being called, why are so many people walking away

from good paying jobs?

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