Survey Shows Europeans Not Done Quitting Jobs

Quit a day job to do TikTok full-time? Why not, say some Europeans. From a report: About one in 10 are considering leaving their main job in the next six months and instead earning money from social media, e-commerce or trading platforms, according to a Morgan Stanley poll of 12,500 people. “The received wisdom is that as Covid subsides, and with modest extra flexibility from employers, the majority of people will re-embrace their prior routines,” a team of Morgan Stanley economists and equity analysts wrote in a note. “Our data suggest otherwise.” With labor shortages already weighing on Europe’s economic rebound, wage inflation will persist for longer if the Great Resignation — the post-pandemic trend of people leaving the workforce — carries on, the bank said. “It reveals a far greater potential risk of structurally higher wages,” Morgan Stanley wrote.

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