American Workers Are Quitting Their Jobs. Here’s Why

MIAMI, FL - APRIL 14: Demonstrators gather together at a McDonalds restaurant as they demand an increase in the minimum wage to $15 an hour on April 14, 2016 in Miami, Florida. The demonstrators, some of whom were some of the thousands of caregivers striking at 19 Consulate-owned nursing homes throughout the state, marched together, as they take part in a day-long effort to draw attention to low-wage jobs. The demonstration was one of about 300 scheduled to take place nationwide today (Photo by Joe Raedle/Getty Images)

In August alone, a skyrocketing number of people quit their jobs. According to a report published by the Labor Turnover Survey (JOLTS), around 3% of the labor force have left their jobs, and that’s in August alone. 

“If you’re unhappy with your job or want a raise, in the current environment it’s pretty easy to find a new one,” said Gus Faucher, chief economist at PNC. “We’re seeing people vote with their feet.”

Many multi-international companies have reported that they are suffering from a labor shortage. Mcdonald’s raised the average minimum wage to $13, and it further mentioned that this rise will follow with another increase shortly. 

Analysts like Joe Brusuelas have anticipated that this behavior might trigger the rise of a new era: The era of the “golden age for the American worker.”