Ken and Danille explore a transformative shift in the job market, revealing how rising unemployment is giving back leverage to employers. They discuss the impact of high interest rates on job openings, construction slowdown, and wage stagnation. The duo delves into the post-COVID hiring landscape, postulating that remote work flexibility is diminishing as competition intensifies. They also highlight the contrasting dynamics between white-collar surplus and blue-collar shortages, providing practical advice for navigating these economic changes.
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insights INSIGHT
Labor Market Power Reversed
For the first time in years there are more job seekers than jobs, reversing the recent labor-market power shift to employees.
This restores employer leverage and reduces the job-market advantages employees enjoyed post-pandemic.
question_answer ANECDOTE
When Employees Could Demand Big Raises
Danille and Ken describe hiring stories where short-tenure hires demanded huge raises and frequent job-hopping became common after 2018.
They say employers previously had to hire job-hoppers because candidates were scarce and turnover was high.
insights INSIGHT
Job-Openings History Shows Cycles
The hosts trace major shifts around the 2007–2008 crisis, a 2018 crossover, and a 2021 spike when job openings far exceeded seekers.
Those bubbles reflect economic cycles, pandemic effects, and employer/employee leverage changes.
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Ken and Danille McElroy break down a major shift in the job market that’s changing who really has leverage — employers or employees. Using real data and historical context, they explain why fewer job openings, rising job seekers, and slowing wage growth could reshape careers, hiring, and the broader economy in the months ahead.
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ABOUT KEN: Ken is the author of the bestselling books The ABC’s of Real Estate Investing, The Advanced Guide to Real Estate Investing, and The ABC’s of Property Management. With over two decades of experience in real estate investing, Ken McElroy is passionate about sharing the good life by helping real estate investors grow and prosper. This podcast is a place for Ken to discuss numerous topics connected to real estate investing, including finance, budgeting, the entrepreneur mindset, and creating passive income. Ken offers a wealth of personal experiences, practical advice, success stories, and even some informative setbacks, all presented here to educate and inspire. Whether you’re a new or seasoned investor, the information and resources on this channel will set you on a path where you and your investments can thrive.
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