But Corporate America has never been better, financially. Meanwhile workers, whose wages have largely been neglected in recent years, now enjoy a historically significant amount of bargaining power. That won’t always be the case.
“Workers are in the driver’s seat more than any time in recent decades,” says Aaron Sojourner, a labor economist and professor at the University of Minnesota’s Carlson School of Management.
This surge in labor’s bargaining power won’t last forever, however. The pandemic “scrambled everything,” Sojourner says, “and now people are finding better opportunities at different places.”
‘The Great Finding a Better Job’
The ratio of…