In many high-income countries, the pandemic has caused seismic shifts in labor markets. What started as an increasing shortage of workers in a few industries has become the “Great Resignation”, a record number of workers not returning to their jobs after lockdowns. More recently, it’s more clear that these workers are not necessarily leaving the labor market altogether. Rather, they are reassessing their career paths, changing sectors, looking for jobs with more responsibilities, starting businesses, or freelancing. This leads to worker shortages as workers move around the labor market seeking better opportunities. What these high-income countries are observing is not so much the Great Resignation but rather “The Great Reshuffle”.
Is Saudi Arabia entering a ‘Great Reshuffle’? (brookings.edu)
