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An epochal shift is underway; one that social scientists will dissect for decades. And it doesn’t bode well for corporate America.
In what economists are calling ‘The Great Resignation’, one-third of the employed workforce—over 47 million laborers—quit their jobs in 2021, a 50% increase over the twenty-year average. In fact, nine of the top ten monthly records for employee quits were set last year.[1] “It’s like nothing else we’ve seen in two decades,” writes Business Insider. Fortune reports that “73% of CEOs say a labor/skills shortage is the most likely external issue to disrupt their business in the next 12 months.”
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