Why Did The U.S. Job Market Became Less Competitive For Employees?

[Good-Guy]

The year 2020 was a really bad year for people seeking jobs. Many people became unemployed and many people struggled a lot to keep their jobs. However, a massive suspension of workers led to major crash of the job market in the last year. Even many big countries like the United States were having a much harder time when it comes to employment issues. However, now it seems that the job market is stable in the United States as of now from the employee's point of view. According to some information from the Bureau of Labor Statistics, there are approximately 11 million job vacancies that are yet to be filled by the candidates and this has made the job market much less competitive for the employees and they have many options to switch from one job to another. I am not sure for how long this situation will remain because we have a high risk of Omicron pandemic and this can definitely turn things around. In many Tier 3 countries the situation is quite different. In my country, thousands of people are unemployed and they have no option but to work for extremely poor pay rates. What has caused this?

 

[Kingsley]

There is a high rate of job competition in most African countries, it has gotten so worse that they even do alot of stuffs to get a job position they are very well qualified to occupy. In Africa people struggle a lot to secure Jon's that are not even taking care of them and the working environment is nothing to write home about.

By in the western world most especially in the United States the story is quite different as there are skilled employers and employees and the system is well structured and planned, everyone has a voice the working conditions and pay is good.

Hence there is less competition.