I think you're correct, but I would add that inflation (not sure if you meant to imply that was part of the pandemic) has forced people to take higher risks as

I think you're correct, but I would add that inflation (not sure if you meant to imply that was part of the pandemic) has forced people to take higher risks as well. While in the past an employee may have tolerated below market wages in exchange for the stability (safety) provided by staying still, inflation and its effects have forced their hand. Food, gas, childcare, housing, transportation, etc... have all increased to the point that they've had to make bolder decisions. And that includes looking for better jobs (wages, benefits, work/life balance).