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The Jobs Crisis Is About To Get WORSE!
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THE GREAT RESHUFFLE
Gen Z's job transitions have increased by 80% during the last 12 months. Millennials are transitioning jobs at the second highest rate, up by 50%, Gen X with 31% & boomers by just 5%.
And it’s not over yet. In August, a study by Personal Capital and The Harris Poll found that two-thirds of Americans surveyed were keen to switch jobs. With 91% of Gen Z feeling that way.
Of course we cannot overlook the fact that a lot of older workers are now retiring early due to health concerns as well as medical mandates, or being forced to retire early with little prospect of getting another job. This exists in many Countries, most notably the USA & Australia at present where many jobs require proof of vaccination as a prerequisite for continued employment
Additionally, here were the key findings from the June 2021 American Perspectives Survey:
Over the past year, the US government has spent $764 billion on unemployment compensation benefits, $968 billion on payroll subsidies to struggling firms, and $867 billion in stimulus payments to individuals and families
Factories are now ramping up production, stores, businesses, service and hospitalit..
