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Europeans do not want to go back to the office

by on25 November 2021

Prefer to make money on social media

Europeans are considering quitting their jobs and want to earn cash doing TikTok full-time.

About one in 10 are considering leaving their main job in the next six months and instead earning money from social media, e-commerce or trading platforms, according to a Morgan Stanley poll of 12,500 people.

"The received wisdom is that as COVID subsides, and with modest extra flexibility from employers, the majority of people will re-embrace their prior routines", a team of Morgan Stanley economists and equity analysts wrote in a note.

"Our data suggest otherwise." With labour shortages already weighing on Europe's economic rebound, wage inflation will persist for longer if the Great Resignation -- the post-pandemic trend of people leaving the workforce -- carries on, the bank said. "It reveals a far greater potential risk of structurally higher wages", Morgan Stanley wrote.

Last modified on 25 November 2021
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