Good morning! Today, why Brazil’s great resignation is not like the one in the U.S. Relief for hydroelectric reservoirs. What is driving default rates up. And the left’s strides in Brazil’s most populous state.
What is different about Brazil’s “great resignation”
Despite the labor market being as uncertain as ever in Brazil, with 12 million people out of a job, Brazilians have never quit their jobs at a higher rate as they are now. The number of voluntary resignations reached 560,000 in February, an all-time high. If in the U.S. workers are in the driver’s seat in relation to their employers, in Brazil things are a tad different.
- Data suggests that workers have opted to quit their jobs less because they are finding better alternatives, and more because their working conditions have become too poor for them to endure.
- The rate of resignations in relation to total contract terminations is higher for jobs such as telemarketing operators, secretaries, stock workers, vendors, and waiters — jobs that are more precarious in terms of conditions and wages.
Where people are quitting their jobs. States with a higher Human Development Index are where resignations are more common, probably because these areas are where...