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Search resuls for: "moratoriums —"

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Now, she told me, blue-collar work is an oasis in the fake-email-job desert, with a newfound social cachet. In a survey conducted in late 2021, 67% of blue-collar workers said they believed the pandemic changed how people viewed their jobs, and 75% of white-collar workers agreed. AdvertisementNow, the economy is adding blue-collar jobs at a rapid clip. There is a tendency — particularly among white-collar workers — to look at blue-collar work through rose-colored glasses, to romanticize the hard work and skills it requires. The labor market hasn't completely reversed course; blue-collar jobs may be booming, but a bachelor's degree is still often a prerequisite for roles with high pay and numerous benefits.
Persons: Alyssa DeOliveira, didn't, DeOliveira, Chris Collins, Collins, Steven Kurutz, influencers, Eames, Bernie Sanders, Elise Gould, she's, it's, moratoriums —, Gould, Frankie Giambrone, Giambrone, Biden, Lael Brainard, Scott Gove, Michael Kaye, Gove, there's, he's, Sam Pillar, Jeff Goldalian Organizations: Walmart, UPS, Business, The New York Times, Economic, Bureau of Labor Statistics, National Economic Council, Teamsters Union, United Auto Workers, Teamsters Locations: Boston, Tennessee, New York City
A new report from the left-leaning Economic Policy Institute analyzes wage growth from 2019 to 2022. Researchers found that the lowest-earners saw the highest real wage growth out of the groups analyzed. That growing pay was due to pandemic policy and need for workers, but those policies have ended. EPI looked at how the real wage growth of 9.0% for the lowest-paid workers compared to earlier business cycles and recessions. While it might sound counterintuitive that job losses lead to higher wages, EPI identifies this phenomenon as something called "severed monopsony."
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