ISSN: 2222-6990
Open access
The impact of the COVID-19 pandemic has stretched far beyond global health. Still, the economy has also received a seismic hit, where supply chain and labor shortages have become a problem for businesses globally. Interestingly, numerous people voluntarily quit their jobs the exact same time the economy reopens, and the demand for workers is rising, which is a noticeable feature in the labor market. According to economists, labor shortages are caused by changing demographics such as aging and retiring, border controls and immigration limits, demands for better wages, and flexible working agreements. Retail trade, hospitality, restaurants, healthcare, and the educational sectors are most affected by workers quitting their jobs. In addition, the economy of the United States is opening up in a historical recovery that is being characterized by the lowest rate of labor force involvement in more than four decades and a record tally of unfilled positions. This fact has left numerous concerned parties wondering where all the workers have gone.
Cambon, J. M., Lauren Weber, and Sarah Chaney. (2021). 4.3 Million Workers Are Missing. Where Did They Go? Wall Street Journal. https://www.wsj.com/articles/labor-shortage-missing-workers-jobs-pay-raises-economy-11634224519
Casselman, B. (2021). The Economic Rebound Is Still Waiting for Workers. The New York Times. https://www.nytimes.com/2021/10/19/business/economy/us-economy.html
Peter, K. A., Halfens, R. J. G., Hahn, S., & Schols, J. M. G. A. (2021). A cross-sectional study is associated with work-private life conflict and leadership qualities among line managers of health professionals in Swiss acute and rehabilitation hospitals. BMC Health Services Research, 21(1). https://doi.org/10.1186/s12913-021-06092-1
Rockeman, O. (2021). Bloomberg - The Mystery of the Missing Workers, Explained. Www.bloomberg.com. https://www.bloomberg.com/news/features/2021-08-05/why-is-u-s-labor-force-shrinking-retirement-boom-opioid-crisis-child-care
Spiggle, T. (2021). What Does A Worker Want? What The Labor Shortage Really Tells Us. Forbes. https://www.forbes.com/sites/tomspiggle/2021/07/08/what-does-a-worker-want-what-the-labor-shortage-really-tells-us/?sh=2589187d539d
USA Today. (2020). Another economic blow: A slowdown in US population growth worsened by COVID-19. USA
TODAY. https://www.usatoday.com/story/money/2020/12/10/economy-covid-19-worsens-slowdown-population-growth-economy/3865429001/
U.S. Department of Labor. (2022). The Employment Situation — News Release. U.S. Bureau of Labor Statistics. https://www.bls.gov/news.release/pdf/empsit.pdf
In-Text Citation: (Terry Jaqua, 2022)
To Cite this Article: Terry Jaqua. (2022). What Happened to The Workforce? International Journal of Academic Research in Business and Social Sciences, 12(1), 919–923.
Copyright: © 2022 The Author(s)
Published by Human Resource Management Academic Research Society (www.hrmars.com)
This article is published under the Creative Commons Attribution (CC BY 4.0) license. Anyone may reproduce, distribute, translate and create derivative works of this article (for both commercial and non0-commercial purposes), subject to full attribution to the original publication and authors. The full terms of this license may be seen at: http://creativecommons.org/licences/by/4.0/legalcode