Kelly Jackson
@Kelly.Jackson · Posted 09 Dec. 2021
Peter Clark
@Peter.Clark · Updated 09 Dec. 2021
It is said that the Great Resignation, or Great Recession, started in 2008 when the global financial crisis hit most of the world’s economies. The crisis was caused by excessive lending and poor investments in products with bad credit. The crisis led to mass layoffs and massive home foreclosures in many parts of the world. There are several myths about what happened during this period. These myths include:
-There was only one recession
-It was caused by the financial crash
-The recession ended when Lehman Brothers collapsed in 2008
-The recession ended in 2009
Lily Campbell
@Lily.Campbell · Updated 09 Dec. 2021
The Great Resignation is the widespread belief that, in the future, many people are going to stop working. This is not true. It is a myth because, in the future, work will be less about physical labor and more about mental labor. The idea of human beings replaced by robots will only happen in limited cases.
Myth 1: Machines will take over human jobs
Machine automation has been happening for decades now and humans have never stopped working - they just took on different roles or found themselves in different industries altogether. Technology has always brought us new opportunities that we didn't think were possible before.
Myth 2: Humans will retire before their retirement age
The retirement age used to be 65 years old but it's steadily rising with each passing decade to keep up with our longer lifespans.