Slowing Recovery Could Halt Great Resignation, Says Morgan Stanley Chief

A slowing economic recovery could spell the end of the “Great Resignation”, according to one of Wall Street’s top bankers.

James Gorman, chairman and chief executive of Morgan Stanley, predicted that the high rate of job-switching seen in the wake of the coronavirus pandemic could soon slow.

“At the end of the day, people have to work somewhere,” Gormon told a business conference in Australia. “There’s a certain reality, and I think if the economy turns down a little bit, I think you’ll see much less job mobility than we’ve seen in the last 12 months.”

The Great Resignation is the term which describes the trend for people to reassess their working lives following the Covid crisis.

According to Frank Luntz, one of America’s top

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