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Hint: Inflation and good ol’ supply chain issues play a big role.
A record number of workers are quitting their jobs, and some are changing direction to explore new careers.
The September wage numbers from the Labor Department are good news in particular for workers at restaurants, hotels and retail.
Many are demanding higher wages to return to the labor force. ADP reports private-sector employment rose strongly in September.
Consumers want the convenience of delivery and e-commerce, but some also want in-store experiences with all the holiday trimmings.
From first-year investment bankers at Goldman Sachs to cashiers, fresh recruits are enjoying new incentives due to the U.S. labor shortage.
Substitutes are in high demand, but even the lure of increased pay and other incentives aren’t enough in some places to get teachers into classrooms.
The nationwide worker shortage’s effects can be seen as local businesses prepare for the 20th anniversary of 9/11.
Employers’ flexibility can be the best way to both recruit and retain young workers.
Though IT and health care workers are seeing a boost in wages, administrative assistants and receptionists have seen wages stall.