Workforce and Employment

The pros and cons of a tight jobs market

Vacancies have been hard to fill for several reasons. Image: Unsplash/ Eric Prouzet

Romain Duval

Marina M. Tavares

Economist, International Monetary Fund

Myrto Oikonomou

Economist, Structural Reforms Unit of the Research Department, IMF

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Unfilled job vacancies have risen above pre-pandemic levels in some countries. Image: Australian Bureau of Statistics

A tighter labour market pushes up wages more in low-wage industries than in others. Image: Australian Bureau of Statistics

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Want a bigger salary? Lower-paid workers are better off quitting than seeking promotion
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