from the Atlanta Fed
Wage pressures among the newly employed in low-wage service occupations appear to be the result of normal economic forces, likely reflecting demand surges for – and a reluctant supply of – workers in occupations particularly hard hit by pandemic-induced economic shutdowns.
Key findings:
- There is evidence of significant wage pressures among low-wage service occupations.
- A combination of surging demand and reluctant supply appears to be driving current wage pressures.
- It’s too soon to know if wage pressures will expand to other occupations.
[click on the image below to read this paper]
Source
https://www.atlantafed.org/research/publications/policy-hub/2021/06/03/05-wage-pressures-in-labor-market–what-do-they-say.aspx
