Friday’s report that the Employment Cost Index had increased at the fastest pace in decades confirmed that the Great Resignation is bolstering the bargaining power of workers. The wage component of the index has now accelerated from a 2.5% rate of increase in the third quarter of 2020 to 4.2% a ... READ MORE >
prime-age workers
The pandemic and the vanishing American worker
This is the fourth article in a series examining the transformation of the American workforce during the pandemic. Part I looked at what is driving this change, Part II looked at the rise of $15 an hour as the de facto minimum wage in the private sector and Part III discussed the surge in new business ... READ MORE >