IDEAS home Printed from https://ideas.repec.org/p/fip/r00034/101238.html
   My bibliography  Save this paper

The New Job Hierarchy

Author

Listed:
  • Tom Barkin

Abstract

Where will demand and inflation go from here? It’s hard to know. I believe the labor market will be key to answering this question. For many employers, the labor market still feels out of balance. The pandemic era seems to have made the jobs market less predictable and left a number of employers scrambling for workers. Employers caught short aren’t standing still. They’re investing to increase labor supply, reduce labor demand and fight their way up the job hierarchy. The range of potential outcomes is still pretty broad. That’s why I supported our decision to hold rates steady at the last meeting. We have time to see if we’ve done enough, or whether there’s more work to be done.

Suggested Citation

  • Tom Barkin, 2023. "The New Job Hierarchy," Speech 101238, Federal Reserve Bank of Richmond.
    • Handle: RePEc:fip:r00034:101238
    as

    Download full text from publisher

    File URL: https://www.richmondfed.org/press_room/speeches/thomas_i_barkin/2023/barkin_speech_20230928
    File Function: Speech
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fip:r00034:101238. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Matt Myers (email available below). General contact details of provider: https://edirc.repec.org/data/frbrius.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.