Workers Are Having Their Moment. How Long Can It Last?
wsj.comIt’s a good time to be an American worker. Wages are climbing higher, and they’re expected to stay that way for years. Employees can quit a job and likely find better pay elsewhere. Many companies are boosting salaries as they scramble to fill open positions.
Most workers are benefiting from a tight labor market that developed during the nation’s recovery from Covid-19. Those in highest demand are in some cases the ones who started out further behind, with fewer gains before the pandemic. They include the young and the less educated, as well as those who work in lower-wage industries and perform blue-collar tasks. Many are based in the South. Wealthier, older, college-educated professionals in other parts of the country are also making gains.
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