While the initial blame for the Great Resignation was placed on younger workers who were happy to sit at home with a government stimulus check instead of a job, data suggests that the driving force behind the current labor shortage may be more closely related to older workers’ choosing to retire early.
Baby Boomers Finally Exiting the Workplace
Buoyed by a strong stock market boosting the value of their 401(k)s and unenthusiastic about the prospect of going back to work in general and in the midst of COVID precautions in particular, millions of older workers have opted to simply call it quits.
