It Shouldn’t Take a Pandemic to Boost Worker Wages ...Middle East

The New Republic - News
It Shouldn’t Take a Pandemic to Boost Worker Wages
A central problem in labor economics is how to raise wages without first killing off a significant portion of the workforce. Plagues have historically reduced income inequality by reducing the labor supply, with the necessary caveat that in order to enjoy this higher standard of living the worker in question must remain one of the living. The Covid-19 pandemic is following this pattern.  One year into the crisis, the Bureau of Labor Statistics reported that average hourly earnings were up 21 cents, suggesting that “the rising demand for labor associated with the recovery from the pandemic may have put upward pressure on wages.” McDonald’s announced last week that it’s boosting wages by appro

Hence then, the article about it shouldn t take a pandemic to boost worker wages was published today ( ) and is available on The New Republic ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( It Shouldn’t Take a Pandemic to Boost Worker Wages )

Apple Storegoogle play

Last updated :

Also on site :