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Editor’s Note: This story originally appeared on Smartest Dollar.
The COVID-19 pandemic brought a number of abrupt changes to the U.S. economy, but some of the most lasting impacts could be in the future of work. From the rise of hybrid and remote work to the Great Resignation and “quiet quitting,” workers have been renegotiating how they work and what they look for in a job over the last 2½ years.
And amid continued tightness in the labor market, employers have been forced to respond and make jobs more appealing to current and potential employees. The Great Resignation is perhaps the most significant trend demonstrating workers’ increased power and mobility since the COVID-19 pandemic began.
While the Great Resignation has affected all industries and income levels, turnover has been most concentrated in low-wage sectors. Fields like retail and hospitality have seen a disproportionate share of the country’s job turnover in the last two years, with workers frequently citing difficult working conditions and low, stagnant wages as a reason for moving on to new roles. These fields are also least likely to offer key benefits like health insurance, paid time off, and flexible work arrangements — all of which took on new importance during the pandemic.
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