WLWT: Kroger recruits veterans
UC economics professor says workers have bargaining power
Veterans have a lot to offer employers, Michael Jones, an associate professor of economics at the University of Cincinnati's Carl H. Lindner College of Business, told WLWT.
WLWT reported Kroger held a hiring event Wednesday for veterans throughout Greater Cincinnati.
"They bring a lot of work experience to the table," Jones said. "They understand systems. They understand structure. They've demonstrated a lot of accountability, a lot of responsibility."
Inflation has contributed to a strong job market for all workers, including veterans, and helped to increase their bargaining power, Jones said.
"What that means is that even if wages go up, right now workers are spending — they have less purchasing power today in the store than they did a year ago. And that forces companies to offer higher wages," he said. "There are more jobs than unemployed workers. The worker has the bargaining power. And so they can go to that owner and say, 'I need more money in order to take this job.'"
Featured image: UC economics professor Michael Jones. Screenshot courtesy of WLWT video.
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