Why Are People Not Working in 2023?
The Pandemic-Induced Re-Evaluation
The COVID-19 pandemic forced people to re-evaluate their work-life balance, leading many to reconsider their priorities and seek more flexible and fulfilling work arrangements.
According to a Pew Research Center survey, 64% of Americans say the pandemic has made them think about the meaning of work and what they want out of their careers.
Rising Wages and Job Market Competition
Companies across various industries are increasing pay at a rapid pace to attract and retain employees in a competitive job market.
The U.S. Bureau of Labor Statistics reports that wages and salaries have risen by 4.7% over the past year, the fastest rate in decades.
The Need for Flexible Work Arrangements
Many employees are seeking flexible work arrangements, such as remote work or hybrid schedules, to improve their work-life balance and manage personal responsibilities.
A recent study by the Society for Human Resource Management found that 84% of employees prefer remote work options, and 63% believe it improves their productivity.
Envisioning a Future of Work
Experts are calling for a re-imagining of the future of work that prioritizes both employee dignity and flexibility.
Economists and researchers emphasize the need for policies that support flexible work arrangements, affordable childcare, and equitable pay to ensure a more inclusive and sustainable workforce.
Comments