Have you heard about The Great Resignation, aka the Big Quit? If you live in the United States, you probably know what I’m talking about. Coined by Anthony Klotz in 2021, a professor of management at Mays Business School at Texas A&M University, this phenomenon describes the growing trend in which employees resign from their jobs, primarily in the US.
Many specialists attribute it to the COVID-19 pandemic and the fact that the American government failed to provide necessary worker protection. Do include wage stagnation and a rising cost of living in the equation, and you get the picture. On the bright side, statistics reveal massive startup scene growth. For instance, a whopping 1.4 million Americans filed applications to start their businesses in September 2021 alone, according to an analysis of Census data by the Economic Innovation Group (EIG).
Naturally, the “quit-your-job” trend is being closely watched by investors. In 2021, global venture capital investments, including corporations and corporate funds, have broken a historical record as the volume amounted to $268.7 billion, according to Reuters. The prime deals are associated with various software, e-commerce, digital health, and financial technology companies, whose products and services were in high demand during the pandemic.
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