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;
File(s): File format is application/pdf https://www.atlantafed.org/-/media/documents/research/publications/policy-hub/2021/06/03/05-wage-pressures-in-labor-market--what-do-they-say.pdf
Provider: Federal Reserve Bank of Atlanta
Part of Series: Policy Hub
Publication Date: 2021-06-03