While employers say they’ve increased pay as their top strategy for attracting and retaining workers, data show these increases happened rapidly, over a short period of time, and after several years of minimal growth. Pandemic-related work impacts also reduced earnings for many workers, while pandemic benefits had little to no impact on most workers’ ability to stay out of work. Overall, nearly half (48%) of workers say they do not make enough money to meet their needs.
Pandemic impacts on earnings
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