A hiring sign is displayed at a restaurant in Highland Park, Ill., July 14, 2022. | Nam Y. Huh/AP PhotoAs recently as March, there were a record two jobs for every American seeking one. Some 4.5 million workers quit that month, and layoffs were at their lowest level since the government began keeping records.
“We’ve been in this unprecedented situation where workers have really, really strong bargaining power,” Curtis DuBay, chief economist for the U.S. Chamber of Commerce, said. Now, “the data is starting to turn.” “I would love to believe something structural happened and [has] given those workers more power,” economist Josh Bivens, director of research at the Economic Policy Institute, said. But “I don’t think we changed anything all that structural to give them a lot of leverage” for good.
Lol no it isn't
This narrative seems planted by executives. Wishful thinking & scare mongering. 👻 It’s a new world. Not going back. And “wake of the Great Recession”? Come on! As if a huge recession is a foregone conclusion. The opposite. Recently the odds of a big recession have decreased.
Propaganda. 'when wage growth exploded' Propaganda.
FBI found even more evidence that DemocRATS can't win a fair election.
Great Recession?
Not true. Aware scare tactic
Is this wishful thinking of the business class or the author had a thesis that she clearly did not find enough data to back it up. Nothing in this piece signals a shift in trend
The economy is not strong. They will seem fine until they run out f newly printed money. The left has a set Cialis plan to fool you until it is too late
Lol, sure. Meanwhile, folks are still getting better positions with better pay in less than 1 week of searching. Don’t fall for it small companies! They are coming for your employees!!
No. It isn't. That's just a dream. People are refusing to work. Either by quiet quitting or actual.
It’s the nature of power within capitalism. It requires self-correct; auto-correct is beyond its nature.
At the hourly level, outside of Software Development and a few other high demand fields, they didn’t really lose any power, they just made a temporary adjustment to get through the pandemic, they NEVER paid a living wage anyway….Politico SUCKS!!!!
“overall economy remains strong” We are in a recession and 9.1% inflation. The fake news is something else
So stop the flow of cheap labor…
And boy is Politico happy about that. Eat cake peasant 🍰
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