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More than half US workers think of quitting their jobs in 2023: poll

By Al Mayadeen English
Source: Business Insider
20 Jan 2023 15:26

The poll of 2,000 American workers reveals that young workers were more likely to leave their jobs.

Job seekers line up to speak to recruiters during an Amazon job fair in Dallas, Sept. 17, 2019. (AP)

A survey conducted by Linkedin in December revealed that 61% of American workers are pondering quitting their jobs in 2023, Business Insider reported on Friday.

The poll of 2,000 American workers reveals that young workers were more likely to leave their jobs.

Within the Gen Z population, 72% said they consider quitting their jobs, whereas the share of people who think about quitting in the millenials population accounts to 66%.

On the other hand, 55% of the Gen X and a third of Baby boomers consider quitting their jobs.

According to LinkedIn's vice president for integrated data and consumer communications, Catherine Fisher, about 95% of professionals are confident about their career prospects in 2023 - this despite that half of surveyed workers expressed a fear of layoffs.

"This confidence is showing up in the majority of people asking for raises or looking for their next job," wrote Fisher.

According to her, workers have realized that "jobs come and go, but their careers are here to stay," she said, adding that people should rather aim towards the "long game" of building a career rather than remaining stuck on one profession.

Data from the Bureau of Labor Statistics showed in November 2022 that 4.2 million wokers left their jobs voluntarily - a slight decrease compared to the record high of 4.53 million in November 2021.

Analysts argue that the US labor market remains relatively strong despite a recent slew of layoffs in the tech sector.

Whether that is true or not, it is certain that the US economy is facing the prospect of a potential financial collapse amid talks of de-dollarization.

On January 18, South African Foreign Minister Naledi Pandor said as quoted by Sputnik that the BRICS club of emerging economies seeks to discover a way of bypassing the dollar to create a fairer payment system that would not be skewed toward wealthy countries.

Pando tersely stated that "we have always been concerned at the fact that there is a dominance of the dollar and that we do need to look at an alternative."

"The systems currently in place tend to privilege very wealthy countries and tend to be really a challenge for countries, such as ourselves, which have to make payments in dollars which costs much more in terms of our various currencies. So I do think a fairer system has to be developed and it's something we're discussing with the BRICS ministers in the economic sector discussions," she said.