Some industries with lower-paying jobs like hospitality are cutting hours, raising wages and getting creative to solve worker shortages, all while inflation rises at the fastest rate in decades Many people are taking advantage of the tight labor market to seek greener pastures, but there are side effects for consumers and businesses alike.
The U.S. Labor Department reported 10.9 million job openings in December, while November saw a record 4.5 million workers quit their jobs.
An economist with ZipRecruiter said the numbers represent people quitting their job for a better one — either higher-paying, more prestigious or more flexible, the Washington […]
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