General World News

Hospitality workers are quitting at the fastest rate in 20 years just as employers are raising wages, showing the strange state of the recovery

Hiring coronavirus

Summary List Placement

In May, wages for workers grew as employers struggled to hire. It seemed to show that businesses were embracing a simple strategy for luring workers back: Paying them more.

Wages rose across the board for workers, increasing by $0.15 to average hourly earnings of $30.33. As Insider previously reported, the wage gains made up the fastest rate in wage growth since 1983 (excluding a 2020 peak at the onset of the pandemic).

But while those gains may show just details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: BusinessInsider.Com