Inflation is driving 'Great Resignation,' former Walmart CEO says

The former president and CEO of Walmart U.S., Bill Simon, argued inflation is driving "The Great Resignation," and workers leaving their jobs is "unsettling" for businesses. 

"While we're struggling with inflation and supply chain issues…our leaders are meeting on things like voting rights bills, things that are not relevant to the day-to-day lives of Americans," Simon said on "Cavuto: Coast to Coast," Thursday. 

Simon’s comments come as a new survey from The Conference Board shows 55% of U.S. CEOs expect inflation to continue until at least mid-2023. Most CEOs say labor issues are their biggest concerns, according to the survey. 

-READ MORE

 Read more at Fox Business

Current News

Supermarkets facing 'perfect storm' amid inflation, demand surge: Grocery chain CEO

Supermarkets facing 'perfect storm' amid inflation, demand surge: Grocery chain CEO

Inflation surges to highest rate in 40 years in December  Read more

Bucs' Bruce Arians: 'Travesty' if Tom Brady doesn't win MVP

Bucs' Bruce Arians: 'Travesty' if Tom Brady doesn't win MVP

Brady is looking for a fourth MVP award  Read more

Scalise, Comer call for hearing on Biden's 'failed' COVID-19 response: 'Dereliction of duty'

Scalise, Comer call for hearing on Biden's 'failed' COVID-19 response: 'Dereliction of duty'

Republicans demand Fauci and Becerra appear before joint committee  Read more

Jan. 6: Trump hits back, saying Biden trying to 'further divide America' to distract from failures

Jan. 6: Trump hits back, saying Biden trying to 'further divide America' to distract from failures

Trump called Biden's Jan. 6 speech 'political theater' that is a 'distraction for the fact Biden has completely and totally failed'  Read more

6 months after Biden touted 'independence' from COVID-19, cases set records

6 months after Biden touted 'independence' from COVID-19, cases set records

Biden says, 'This continues to be a pandemic of the unvaccinated'  Read more

FAA warns of potential flight delays due to increased COVID cases among employees

FAA warns of potential flight delays due to increased COVID cases among employees

Thousands of flights have been canceled in recent days  Read more