Twenty years ago, two economists responded to a slew of help-wanted advertisements in Boston and Chicago newspapers utilizing a set of fictitious names to test for racial bias in the job market. “Job seekers still have some bargaining power however are much less willing to reveal that power by leaving their jobs,” Bunker mentioned. “With fewer new job alternatives and less of a pay bump for switching roles, more workers are staying put. However, layoff charges are nonetheless low, so workers have robust job safety compared to pre-pandemic ranges.”
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