Discussion Paper

Wage Pressures in the Labor Market: What Do They Say?

Abstract: Wage pressures among the newly employed in low-wage service occupations appear to be the result of normal economic forces, likely reflecting demand surges for—and a reluctant supply of—workers in occupations particularly hard hit by pandemic-induced economic shutdowns.

Keywords: Labor demand; labor supply; reservation wage; COVID recovery; inflation pressures;

JEL Classification: J2; J3;

https://doi.org/10.29338/ph2021-05

Bibliographic Information

Provider: Federal Reserve Bank of Atlanta

Part of Series: Policy Hub*

Publication Date: 2021-06-03

Number: 2021-05