Americans are quitting jobs in a trend known as “The Great Resignation.” Companies employing seasonal workers aren’t likely to find the help they need. Labor challenges are affecting Southwest Airlines, which had to cancel more than 2,000 flights. Unions have gained confidence in their battle with employers, and more than 100,000 workers are threatening strikes. And a recent CBS News article looked at young workers who are leaving the office to work on farms. It’s an employee’s market–for now. Monster.com says 95% of workers are considering changing jobs, and 92% are willing to switch industries to find the right position. At the end of August, there were 10.4 million open jobs. “Only at a peak in social optimism of monumental proportions would so many choose to ‘Chill Out’ amidst such an abundance of opportunity,” said the October 2021 issue of The Elliott Wave Financial Forecast. For a socionomic perspective on optimism and its effects read “The Wave Principle Delineates Phases of Social Caution and Ebullience.”
If you look closely, you can see patterns in social mood that help you predict social trends. Learn more with the Socionomics Premier Membership.