The Great Pay Reset

In today's episode:

There's unprecedented wage deflation across America; job-seekers are taking jobs for tens of thousands less than just a few months ago.

Hiring managers are taking advantage of a tight job market to post jobs for lower wages.

After COVID, companies overspent on labor; now, employees are getting fired as a cost-cutting measure.

The market now likes seeing layoffs; they're considered a sign of profit-taking instead of weakness.

This episode discusses a new piece in The Wall Street Journal: Bosses Want to Reset Worker Pay. They’re Quietly Finding Ways to Do It. - WSJ

Culture…

The skinny

The skinny isn't ready yet — notes appear once the transcript is processed.