About 1 year ago

07/06/2021 - Welcome To The Year Of Wage Hikes. Workers Are Returning—To Higher-Paying Firms.

– The Washington Post
Average pay just topped $15/hr at U.S. restaurants, one of many sectors forced to raise wages to lure back millions of workers.
But without significant structural changes — including legislation aimed at increasing workers’ bargaining power — the labor market will return to normal in a matter of months, handing the balance of power back to employers where it has been trending for decades, economists and worker advocates say.
– The Wall Street Journal
Workers are trading jobs, enticed by the guarantee of flexible schedules and continued work from home.
– The Wall Street Journal
Stockpiling by food retailers is driving shortages of some staples, grocery industry executives said, and is challenging a U.S. food supply chain already squeezed by transportation costs, labor pressure and ingredient constraints.