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Understanding Leverage in the Job Market
Knowing the state of the economy is crucial in understanding your leverage in the job market. It can be an employer's market or an employee's market. For high-demand jobs like software engineering, it's an employee's market, providing high leverage. In contrast, jobs like waitstaff at a restaurant face low leverage due to the current economic conditions. Understanding the demands of the company is also essential in gauging your leverage. For instance, having expertise in a specific area that aligns with a company's strategic direction can give you high leverage in negotiations.