News   /   Economy

Employers struggle to retain workers amidst 'Great Resignation' in US

US Rep. Ilhan Omar (D-MN) (L) talks with Speaker of the House Nancy Pelosi (D-CA) during a rally with fellow Democrats before voting on H.R. 1, or the People Act, on the East Steps of the US Capitol on March 08, 2019 in Washington, DC. (AFP photo)
This picture taken on May 03, 2020, shows a woman selling bread at the West LA Farmer's Market in Santa Monica, California. (Photo by AFP)

US employers are struggling to retain their workers amidst a "Great Resignation" phenomenon in the country.

US media cited data suggesting that more and more Americans are quitting their jobs, prompting employers to make greater efforts to retain workers dissatisfied with working conditions in the United States. 

Millions of Americans have been leaving their jobs, creating a new phenomenon that has been named the "Great resignation", or the "Big Quit".

"A year ago, everyone was struggling... now employers are struggling," career expert Francina Harris said on Friday.

The career expert pointed out that the employees want a job that's sustainable, maintainable, and meaningful. "Sustainable, maintainable, and meaningful ... is a positive work experience".

“Help wanted” signs are everywhere across the country, with restaurants and shops cutting hours due to a shortage of staff workers. 

Employment specialists cite low pay as another reason for job dissatisfaction among many US workers.

Americans demand a job paying at least $15 an hour, according to experts in this field. 

In the meantime, to make matters worse Americans' livelihoods are being destroyed by the highest level of inflation in decades.

The high cost of living in the United States is mostly hurting the lower stratum of society, i.e., those US citizens who can least afford it, Gilbert Garcia, a managing partner at Garcia Hamilton & Associates in Houston, said.

"Americans are having a very difficult time with food inflation, which is running very close to 30 percent and 40 percent,” according to Garcia.

In early December, US Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen admitted that high inflation in the country was worse than they had expected.

“Inflation has been more persistent and higher than we’ve expected,” Powell said at a panel hearing in Congress.

“We understood demand would be strong,” Powell pointed out, adding that, “We didn't understand [the] significant problems of the supply side.”

Republicans, and some Americans, blame the administration of Democratic President Joe Biden for the high inflation in the United States, saying US government policies are making the economic situation for the people worse.

A recent poll found that more than two-thirds of Americans have suffered financial hardship in the past six months under the Biden administration as a result of inflation, and two-thirds of the registered voters said that Biden’s poor leadership is “very” or “somewhat” responsible for skyrocketing prices.

Experts said inflation in the United States will continue to rise amid reports that the Consumer Price Index, which measures all prices of consumer items in US cities, had risen by 6.8 percent in the past year leading into November which is the highest annual inflation rate since 1982. 

Press TV’s website can also be accessed at the following alternate addresses:

Press TV News Roku