159 U.S. President Joe Biden delivers remarks on the economic recovery in the White House in Washington, D.C. on Monday. (Yuri Gripas/Abaca Press/TNS) The labor market is red-hot right now. We have an overheated economy and it is presenting itself in many places, including the labor market. Lots of jobs are chasing a few employees and the result is that employees have lots of leverage in negotiating terms of employment. I think that is great and I also think that it is important for employees to assert the leverage they have, because right now is a once-in-a-generation opportunity to redefine the parameters of work and make them employee-friendly before the market settles.