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As quitting normalizes, benefits for low-wage workers may diminish

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Low-wage workers seized the rare opportunity of a tight labor market with a burst of job rotation. That wave is now showing signs of slowing down, and economists say these workers may not be much better off than before, barring a one-off pay rise.

The spike in layoffs reflected the circumstances of the pandemic, economists say: In many cases, entire workforces were laid off in March 2020 as restaurants, event spaces and shops closed, some temporarily, others permanently. Reinstatement months later wasn’t as easy as asking former employees to return to their jobs.

https://www.wsj.com/articles/when-quitting-normalizes-benefit-to-low-wage-workers-may-subside-11650196802?mod=pls_whats_news_us_business_f As quitting normalizes, benefits for low-wage workers may diminish

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