Comment: The Great Resignation will continue unless workers and businesses get more support

The monthly quit rate in the US is remarkably high, especially when you consider the employment-to-population ratio

‘One notable effect of the pandemic is that it has fuelled a transformation of work and the workplace that either would have taken decades in the absence of the virus, or would never have happened at all.’ Picture: Getty

Approximately 13 per cent of low-wage jobs in Germany would not be viable if workers understood just how good their outside options truly are. That is the conclusion of a recent paper by Benjamin Schoefer, my colleague at the University of California, Berkeley, and his co-authors, Simon Jäger, Christopher Roth, and Nina Roussille.

“When comparing workers’ subjective outside options against objective measures of pay premia from matched employer-employee data,” they note, “many workers mistakenly believe ...