Chip Cutter

speaker

1,085 appearances 18 recordings 1 series first heard Aug 2019 last heard Sep 2024

Chip Cutter’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · Many Workers Are Enjoying a Summer of Pay Increases · 13 Jul 2022 podcast

Absolutely. voice-verified

You see them doing this in terms of just their conversations that they have with potential new employers, talking about pay perhaps earlier in the conversation than they would have before, realizing they still have a fair amount of leverage in this market. voice-verified

There's been a lot of concerns. voice-verified

If there is an economic downturn, would we see voice-verified

there be a power shift here from the market moving back to companies instead of employees. voice-verified

We've seen workers have a lot of power in recent months. voice-verified

And many CEOs say they're still not seeing this change. voice-verified

They still feel like it's a very tight labor market. voice-verified

It's hard to hire. voice-verified

Employees have options. voice-verified

And that means that workers can press their bosses for more money right now. voice-verified

I think many people watch what some of the most prominent tech employers are doing right now. voice-verified

We've seen companies like the Facebook parent meta platforms, Uber, Netflix, and others all announce either slowdowns. voice-verified

layoffs, hiring freezes, hiring slowdowns. voice-verified

It's been different in each case, but that certainly looms over the job market overall. voice-verified

If companies start to tighten up their budgets, they might be more concentrated in where they deliver raises. voice-verified

They might want to direct those to their highest performers or to those in the most in-demand roles. voice-verified

Think about software engineers, data scientists, and others who can sort of go anywhere right now. voice-verified

Those are the folks who would tend to get the raises if companies feel like they can't give these broader salary increases that we've seen in recent months. voice-verified

Well, that's right. voice-verified

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