The unemployment rate was 3.5% in July, the same as in February 2020, but the U.S. has three million fewer workers.
Now a McKinsey study suggests that 40% of workers are thinking of quitting their jobs.
Everyone has an explanation for the Great Resignation: extended unemployment benefits, eviction moratoriums, baby boomers retiring, work-from-home complacency, anxiety, long Covid.
Here’s my theory: Too many got a taste of not working and liked it.
Parisians called those with unconventional lifestyles “bohemians.” Now we have unemployed, perpetually plugged-in, dopamine-addled Cyber Bohemians—let’s call them Cy-Bos.