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Ones and Tooze

Do We Need to Worry About the Great Resignation?

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In this episode, Cameron Abadi and Adam Tooze discuss the larger implications of the Great Resignation and the booming sales of pet food.

On this episode of Ones and Tooze, we talk about 10.4 million—that’s the number of jobs that are currently unfilled in the U.S. economy as of September, according to the latest data from the Bureau of Labor Statistics. That’s not much different than the record high of 10.9 million openings that were recorded back in July. As COVID-19 vaccinations have increased and the economy has continued to open up, employers have been finding it incredibly difficult to find workers to fill jobs.

Economists are calling it the “Great Resignation”—this phenomenon of people exiting the labor force in droves and employers struggling to fill their openings. Adam Tooze and Cameron Abadi examine the Great Resignation and what it may portend for the economy.

Then, the two hosts discuss the billions of dollars Americans spend each year in the growing market for pet food. Is this consumerism run amok, or does the connection between humans and pets tell a different story about the value of animal companionship?

About Ones and Tooze:  Foreign Policy economics columnist Adam Tooze, a history professor and a popular author, is encyclopedic about basically everything: from the COVID shutdown, to climate change, to pasta sauce. On our new podcast, Tooze and FP deputy editor Cameron Abadi will look at two data points each week that explain the world: one drawn from the week’s headlines and the other from just about anywhere else Tooze takes us. Check out Adam Tooze’s column here.  See All Episodes

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More Ones and Tooze episodes:

Is Italy on the Verge of Returning to Fascism?

Plus: The economic history of Australia.

Can Ukraine Win the War Yet Lose Its Economy?

Plus: The economics of the British monarchy.

Is China’s Economy in Trouble?

Plus: The economics of golf.

Other Foreign Policy podcasts:

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The Hidden Economics of Remarkable Women (HERO)

A Foreign Policy series about women creating change through economic empowerment, hosted by Reena Ninan. This season, you’ll hear from people reforming marital laws in South Africa and property rights in Kenya—and how victories in both places could unlock women’s financial potential. Also, what microfinance strategies work best, and why better lending practices could be huge for small and medium-sized enterprises—accounting for a shocking 90% of businesses globally. HER♀ is a Foreign Policy production made possible through funding from the Bill & Melinda Gates Foundation. Celebrate remarkable women wherever you go. Ten lucky listeners will receive a digital download poster of our beautifully illustrated logo. Enter into this giveaway by writing a review on Apple Podcasts and clicking here.

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