2023 blue-collar wages decline across sectors, with retail leading at 55.9%, linked to post-pandemic normalization and private hiring slowdown.
Wages for new hires in various blue-collar sectors have dropped in 2023, with retail experiencing the largest decrease at 55.9%. Other sectors, including agriculture (-24.5%), manufacturing (-17.3%), and transportation (-13.9%), also saw declines. This trend is linked to post-pandemic economic normalization and a slowdown in private sector hiring, leading to less competition for talent and reduced negotiating power for job seekers.
September 01, 2024
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