Why everyone in the labor market is being picky

This podcast episode explores the current state of the labor market, highlighting the shortage of workers and intense competition for talent. Despite the challenges it has created for companies, job seekers now have more opportunities and can be more selective about the kind of work they want to do. The increase in opportunities is attributed to a surge in business dynamism and a workplace revolution that encourages workers to advocate for better conditions. However, this unusual balance of pickiness extends to employers as well, resulting in job openings not being filled and preventing widespread wage increases. The episode also discusses the changes in the labor market driven by automation, AI, and global trade, and the mixed experiences of workers in adapting to these changes.