Labor market changes permanently post-pandemic

Labor market changes sparked by the pandemic are likely to be permanent. While the great resignation phenomenon is cooling off, workers' demands for better pay, benefits, treatment, and flexibility are still prevalent. Strike activities and remote work continue, suggesting a shift in the power balance between capital and labor. The unemployment rate has risen for the right reasons, with more people re-entering the workforce, particularly women with young children. Remote work has allowed these individuals to balance their responsibilities more flexibly. Overall, the labor market has transformed, and the pandemic has brought about lasting changes.