The Basket: Historic wage inflation for restaurants and retail

Описание: In any outbreak of inflation, there are two sides to the story: prices and wages. Since the COVID-19 pandemic, prices are easily outrunning most of our paychecks. But that’s not true for everyone -- especially some service workers whose wage growth has long been at the back of the pack.

Senior Economics Writer Jeff Horwich runs the numbers for restaurant and retail workers, where consumer spending and tight labor markets are driving historic wage gains. But are these gains durable in the face of automation, artificial intelligence, and possible recession?

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