U.S. workers’ wild ride is coming to an end, The Wall Street Journal reports. After three whiplash-inducing years of, first, professional vulnerability and, then, perceived invincibility, many people are returning to more typical levels of career security and leverage.
After the Great Resignation, this could be the Great Rebalancing of the employer-employee relationship.
“We’re clearly headed there,” says Heidi Shierholz, president of the Economic Policy Institute.
Shierholz says that workers are still in good shape, overall, but certain key metrics are trending down toward normal ranges. December’s hourly earnings increase of 4.6% from a year earlier was the smallest rise since mid-2021, and the 223,000 additional jobs were the fewest per month in two years.
Andy Challenger, senior vice president of Challenger, Gray & Christmas, which helps companies manage layoffs and provides career coaching to the dismissed, tells me that business is picking back up after two of the slowest years in the firm’s history. He offers a blunt translation of what that means: “We know that there are a lot more layoffs coming.” Read the full story.
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January 17, 2023 at 04:01AM
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Employer-employee relationship enters a rebalancing phase - Greater Baton Rouge Business Report
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