Twenty years in the past, two economists responded to a slew of help-wanted adverts in Boston and Chicago newspapers utilizing a set of fictitious names to check for racial bias in the job market. “Job seekers nonetheless have some bargaining power but are much less willing to show that power by leaving their jobs,” Bunker mentioned. “With fewer new job opportunities and less of a pay bump for switching roles, extra staff are staying put. However, layoff rates are nonetheless low, so workers have robust job safety compared to pre-pandemic ranges.”
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