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Tight Labor Market Returns Upper Hand to Workers
June 21, 2021 at 6:40 am EDT By Taegan Goddard
Wall Street Journal: “Ballooning job openings in fields requiring minimal education — including in restaurants, transportation, warehousing and manufacturing — combined with a shrinking labor force are giving low-wage workers perks previously reserved for white-collar employees. That often means bonuses, bigger raises and competing offers.”
“Average weekly wages in leisure and hospitality, the sector that suffered the steepest job losses in 2020, were up 10.4% in May from February 2020… Pay for those with only high school diplomas is rising faster than for college graduates.”
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https://politicalwire.com/2021/06/21/tight-labor-market-returns-upper-hand-to-workers/