I'm having this same problem? Storyboard with one navigation controller. Does it just not like the iOS16 Simulators? Will downloading a previous version of the simulator fix it?
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Same here
MacOSMonterey 12.6.1 (21G217)
XCode 14.0
MacBook Pro (Retina, 13-inch, Early 2015)
8GB RAM
Enter debugger: submitToRing: Work queue failure detected