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The wage hikes seen in recent weeks offer an encouraging hint of what the new US economy can look like, President Joe Biden said Thursday.

Large-scale employers have been raising their minimum wages as they look to attract workers through reopening. Companies such as McDonald’s, Amazon, and Under Armour have rolled out higher starting wages through May. The hikes appear to be in response to unexpected tightness in the labor market.

While millions of Americans remain unemployed, those on the sidelines are holding out for higher compensation before rejoining the workforce.

Republicans have blamed bolstered unemployment benefits for details ⇒

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