Finance and economics | All mouth and no trousers

Evidence for the “great resignation” is thin on the ground

Job quits are not unusually high

|SEATTLE

AS THE EFFECTS of the Spanish flu waned in 1919, Seattle’s workers agitated. Many were fed up with long hours and poor pay, especially at a time of high inflation. Shipyard workers went on strike, leading others to down their tools in solidarity. Newspapers were filled with stories of machinists, firefighters and painters quitting their jobs. Events in Seattle sparked labour unrest across the rest of America and even much of the rich world. Bosses worried that the lower classes had become work-shy anti-capitalists.

Seattle once again seems like ground zero for a big shift in labour relations. In October the local carpenters’ union finished a weeks-long strike over pay and conditions. Hotels and shops remain understaffed. Local tech firms, worried about losing staff, have raised average salaries by nearly 5% since 2020. Microsoft, one of them, claimed earlier this year that 46% of the global workforce was planning to make “a major pivot or career transition”.

This article appeared in the Finance & economics section of the print edition under the headline "All mouth and no trousers"

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