For workers, labor shortage means new leverage – and higher pay

As employers confront a labor shortage, working Americans have new leverage to bargain for pay, benefits, and flexibility. One analyst says, “Is it a labor shortage or is it a wage shortage? There’s a solution for this.”

erhaps not since Johnny Paycheck belted out his 1977 hit – “Take This Job and Shove It” – has worker discontent been so front and center in the American consciousness.

The nation’s quit rate – the share of workers voluntarily leaving their jobs – hit a record 2.9% in August. Microsoft predicts 41%...