Forty-seven million Americans voluntarily parted ways with their employers in 2021 as part of a sea change in the American workforce nicknamed the Great Resignation. According to Pew Research, the biggest drivers of quitting were low pay, lack of upward mobility, disrespect, and lack of flexibility in setting a work schedule.
Widespread dissatisfaction with W-2 roles was a big reason the Great Resignation coincided with a 55% uptick in new business creation relative to 2019. Millions decided that for their next adventure, they’d rather bet on themselves than return to W-2 life.
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