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What does “tight labor market” mean? Opportunity!

Workers’ bargaining power is greater.

What does “tight labor market” mean? Opportunity!

With unemployment so low and wages moving up, workers now have more bargaining power than they have in recent years. It may be a good time to ask for a raise, or see if you can trade in your current job for a higher-paying one. Changing jobs often offers a larger pay increase than staying in the same position. 

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