NYTIMES (Ben Casselman) - Worker Pay Isn’t Keeping Up With Inflation Once Again
When prices spiked in 2021-22, wages failed to keep up for many workers, new research shows. Now the pattern is repeating.
AXIOS (Courtenay Brown) - Employers are hiring less but paying more
Private employment data suggests that the labor market might be tighter than the headline hiring numbers alone suggest, with worker pay accelerating alongside lackluster jobs growth. Why it matters: Employers are pulling back on hiring as they navigate an uncertain economic outlook, but supply constraints continue to limit the pool of available workers in some industries. - That's helping speed up pay growth — a boon for workers in industries like construction and health care, where employers are still competing for scarce labor. - But the labor market is becoming increasingly uneven: While employers in some sectors are paying up to attract workers, others are more cautious about hiring as they contend with geopolitical uncertainty,…
DAILYCALLER (Abigail Archer) - Costco Shows That You Can Build A Thriving Business With One Simple Trick (Pay Your Workers)
Limit turnover and foster stable growth
NEWSNATIONNOW (Andrew Dorn) - Smaller raise? Higher health insurance costs may be to blame
Many employers responded to rising health insurance costs by scaling back pay increases, the New York Fed found.