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

Author

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.

Suggested Citation

  • Julie L. Hotchkiss, 2021. "Wage Pressures in the Labor Market: What Do They Say?," Policy Hub, Federal Reserve Bank of Atlanta, vol. 2021(5), pages 1-7, June.
    • Handle: RePEc:fip:a00068:99132
    DOI: 10.29338/ph2021-05
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    More about this item

    Keywords

    Labor demand; labor supply; reservation wage; COVID recovery; inflation pressures;
    All these keywords.

    JEL classification:

    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • J3 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs

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