Fortune
In Fortune, BCG’s Philipp Carlsson-Szlezak and Paul Swartz discuss the “soft-landing optimism” that has replaced the more cynical whispers of an impending recession. They explain that the hiring slowdown, return of labor supply, and decline of labor hoarding are the primary reasons for this shift in sentiment. “Against the odds,” write Carlsson-Szlezak and Swartz, “we’re moving toward a soft landing, and we would not be surprised if 2023 ends with the labor market still strong and wage growth eases.”