The “Great Resignation” myth

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Earlier this week, News.com.au published an article claiming that “The Great Resignation” – a phenomenon present in the US whereby millions of Americans are quitting their jobs – is beginning to take hold in Australia, and that this could create labour shortages and wage growth:

The latest results of a Digital Finance Analytics survey of 52,000 households covering September show about a quarter of people have considered moving on.

“The intention to at least consider it is up by at least 10 per cent (compared to the same time last year),” Principal Martin North told news.com.au.

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.