541-773-8888 [email protected]

In a tight labor market, bargaining power shifts back toward workers to some degree. Businesses have a harder time attracting and retaining workers. Wages are bid up and firms need to dig deeper into the resume stack to hire candidates they previously passed over. Workers themselves feel more confident in their prospects and more likely to quit or switch jobs. All of the above is happening more today and one item I am trying to track is whether or not firms are downskilling their positions in order to fill them. Read more here: https://oregoneconomicanalysis.com/2018/04/13/downskilling-in-a-tight-labor-market/