While I enjoy making memes blaming Biden for inflation, there are other clear factors causing it that have nothing to do with him.
One is a frictional supply shock due to COVID regulation.
However, the other is a large pattern which is being called The Great Resignation, where millions of people have resigned en-masse at the same time.https://sloanreview.mit.edu/article/toxic-culture-is-driving-the-great-resignation/Quote
Between April and September 2021, more than 24 million American employees left their jobs, an all-time record.
Much of the media discussion about the Great Resignation has focused on employee dissatisfaction with wages. However, how frequently and positively employees mentioned compensation ranks 16th among all topics in terms of predicting employee turnover.
In general, corporate culture is a much more reliable predictor of industry-adjusted attrition than how employees assess their compensation. A toxic corporate culture, for example, is 10.4 times more powerful than compensation in predicting a company’s attrition rate compared with its industry.
An MIT scientist posits that while the media wants us to believe that the cause for the resignations is compensation, the real reason from surveys turns out to actually be
toxic corporate culture.
Which raises the question. How does one fix toxic corporate culture?
I’ve heard nightmare stories from friends about companies that force you to give them 5-star reviews on Glass Door and the such, so I definitely believe this analysis.