zlacker

>>RBBron+(OP)
When the economy and job market began storming back, we were inundated with inbound requests for our services. Our perseverance seemed to be paying off. Except now we were hit with a new gut punch: “The Great Resignation.” Now our workers were reticent to come back to work. And if they did accept a job, they’d often leave after only a few days.

As in the workers you placed, employees of 70MR? Why would they leave after a few days? Can you expand on this?

It became obvious that we lacked the resources to weather this new storm while hoping and praying the world would normalize soon. (It still hasn’t.)

What does normalize mean to you (or 70MR)?

>>milesd+05
I would also like more information about this phenomenon.

What’s the scale of this? For example, how many people accepted a job and then quit within a few days?

How did it impact these people’s lives? For example, did this result in increased recidivism? If so, at what scale?

>>braing+l7
The Great Resignation is curious, if I could speculate maybe it was the pandemic bailout and markets bubble (crypto too) making people think "I've got money now!". Now that everything is tumbling down, I wonder if people will start returning to work. Except now most businesses have seemingly stopped hiring yet again (even retail/hospitality?), so I guess whichever way it goes, OP is in trouble.

>>netsha+7d
how large was the "pandemic bailout"? it looked like two checks from the govt and < 1 year of increased (doubled?) unemployment. seems like a total of $8,000 or less for most people, with a wide variance from person to person.

Was this enough to make a large number of people stop working, even now into mid-2022? I really feel like the impact of several thousand dollars would be gone after a year, at most. yet many businesses near me are still under staffed and having trouble hiring.

>>hooand+bj
$4T in total spending, plus debt/rent forbearance which effectively adds on top of this.

You're forgetting the child tax credit as well, which was effectively a monthly stimulus check for many, and student loan forbearance, which nets out to something like $10B/month in increased consumer spending power