Workers now demanding minimum $80,000 salary to start new jobs

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Episode Transcript

(00:00):
It's a new record minimum, partlydriven by a worker shortage. So now
workers are at a premium, andso when they're in a position to make
a higher demands. We've seen thatwith some of the strike who've seen lately.
We've seen a lot of other contexts. Economist Ray Perriman says inflation plays
a small role. The high demandsaren't just external either. They're internal as
well. When they begin to talkto another company about leaving, they did

(00:20):
incentivize as a current employer to increaseof pay in order to keep them.
The balance of power he's shifting somewherefavored management for a long time. It's
now beginning to favor labor. Hesays. Over time, we'll likely see
demands come down as employers refuse topay up. Andre Perard, News Radio
seven forty KTRH