The Five Hidden Forces That Help Determine a Worker’s Value

How Michael E. Porter’s seminal model can help us plan for the future of work

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Photo: baona/iStock/Getty Images Plus

How to Use Porter’s Five Forces

The Five Forces of the Labor Market

Chart courtesy of Amanda Silver

Threat of New Entrants

Threat of Substitutes

Bargaining Power of Buyers

Bargaining Power of Suppliers

Rivalry Among Competitors

The Five Forces of the Labor Market, Applied to Industry-Specific Jobs

Example One: Software Engineer

Chart courtesy of Amanda Silver

Example Two: Rideshare Driver

Chart courtesy of Amanda Silver

Why We Need to Think About Labor Strategy

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