Yes

10 Jul Yes

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Yesterday, LinkedIn (finally) asked the question: “Are employers regaining control?”

“The Great Resignation” has yielded to workers staying in their jobs at rates near pre-pandemic levels, The New York Times reports. That shift is changing job market perceptions and brewing a new question: have employers regained power? Wage growth has stalled, and some benefits of job-switching have dwindled. “You don’t see the signs saying $1,000 signing bonus anymore,” Nela Richardson, ADP’s chief economist, told the Times. Experts predict lower-earner wage gains to hold in what remains a tight job market. Otherwise, it’s back to business as usual.

–https://www.linkedin.com/news/story/are-employers-regaining-control-5680020/

Well, I mean, better late than never, I guess. 🤷🏻‍♀️

Quite frankly, IMO, by the time an MSM outlet is even asking a question like this: a) you already know the damn answer; and b) it’s too late to prepare.

I’ve been recording Saturday Broadcasts for over a year now to warn people about the cracks I’ve observed in the economic foundation and the repercussions to the job market. Prior to that, on April 4, 2022, I told you the pendulum would swing and boy oh boy, it sure has:

Just as the pendulum will swing away from being an extreme sellers’ market with buyers willing to waive inspections, overbid, offer based on photos without even going to the house, etc., this will happen with the job market as well. It’s only a matter of time.

This is one of the reasons why I have repeatedly said that job seekers should try to gain as much from The Great Resignation as possible – because the day will come when the market changes.

–https://causeyconsultingllc.com/2022/04/04/when-the-pendulum-swings/

The NY Times article that LI mentions is titled: “The ‘Great Resignation’ Is Over. Can Workers’ Power Endure?” –https://www.nytimes.com/2023/07/06/business/economy/jobs-great-resignation.html

TOLD YA SO! I scooped that way before you heard it in the MSM.

We don’t want to live like Chicken Little and assume that the sky is falling or that the zombie apocalypse is about to happen. But we also don’t want to bury our heads in the sand either and just play pretend that a bull market or The Great Resignation is going to last forever. I really think that the tide is turning.

-“⚠️ Special Saturday Broadcast – A Storm is Coming… ⚠️”  published on June 4, 2022 (https://www.buzzsprout.com/1125110/10735098)

Corporations exist to make MONEY. They are not in business to make someone’s dreams come true or to give everyone the warm-fuzzies. Regardless of what their marketing department might tell you. On the other side of expansion (aka growth) is contraction. And we’re seeing it already in layoffs, hiring freezes, and rescinded offers. IMHO, The Great Resignation is done. Sorry to be the bearer of bad news, but it’s toast now. When you go on LinkedIn and the side panel of news is littered with layoff reports and your feed has many posts of people saying, “I got laid-off and thought I’d be hired again soon because: labor shortage, but this has gone on for weeks and I’m still not hired anywhere,” that’s not a sign of labor shortages and robust economic growth. Just sayin.

-“Cynics and the Coffee Drinking Dog”  published on June 15, 2022, emphasis added for this repost  (https://causeyconsultingllc.com/2022/06/15/cynics-and-the-coffee-drinking-dog/)

I know that I’m supposed to end on a high note and give you some sort of toxic positivity here, but I can’t do that in good conscience. IMO – which could be wrong as Dennis Miller always said – if you are only just now looking around and asking, “Umm, uh, is it possible that employers have the upper hand again? Is The Great Resignation done?” You’ve waited too late.