Why It’s Getting Harder to Negotiate Your Salary

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 9 August 2024

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

As the labor market cools, workers have lost the leverage that won them substantial pay raises over the past several years. The Wall Street Journal’s careers and workplace deputy bureau chief Vanessa Fuhrmans joins host J.R. Whalen to discuss what it means for new hires who are switching jobs and for any worker who wants to negotiate a higher salary. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:27.0	E. T. requires E. E. broadband. Content may vary terms of pie.
0:30.0	Here's your money briefing for Friday August 9th. I'm J.R. Whelan for the Wall Street Journal.
0:40.8	Remember the great resignation when lots of people up and quit and switch jobs?
0:45.0	It was pretty easy to land a pay increase and a pretty big one at that.
0:49.0	But now that the labor market is cooling,
0:51.0	so are the prospects for a sizable raise.
0:54.0	Where the market is really shifting a lot in terms of money is with new hires.
	...

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