The view that the coronavirus pandemic has induced people to quit their jobs en masse has been making the rounds in the news and the networking sites. But the question is, does data really support the case? Or is it an influence of the big economies of the USA, UK and other Western nations? The figures differ from country to country, and there is no uniformity among the big economies of the USA, UK, China and India. The United States has seen a major setback, with as many as 4.2 million Americans calling it quits and are reluctant to go back to work as they reassess their priorities in life. Out of this 4.2 million, only half of them have returned to the work station, which is far below the expectation of economists.
This wave definitely got carried onto the Asian economies and held sway over the big economies of China and India. The Indian market, for example, experienced a loss of employees with more and more resignations turning up.
Tata Consultancy Services (TCS), a global leader in IT services, for instance, saw 43,000 staff resign in just one year. Work from homehas definitely become a preference for many.
For china, the idea of ‘lying flat’, or tang ping in Chinese, became the buzz words, with the Chinese giving work second priority as COVID-19 surfaced. The work group got tired of working flat out and wanted to lie flat, enjoying reading a book or sitting down to watch a movie – basically wanting a simple life without much…
