POLITICO
Biden’s back door to wage hikes
Income growth has been relatively strong, particularly in the last couple of months, despite disappointing overall job growth.
In this Friday, Jan. 8, 2021 file photo, A man walks out of a Marc s Store in Mayfield Heights, Ohio. | Tony Dejak/AP Photo
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President Joe Biden’s pledge to offer American workers a path to higher income and more jobs is getting a boost from an unlikely source: the country’s struggle to fully emerge from the pandemic.
Labor shortages in key industries are giving many workers their best shot in years to bargain for substantial wage increases, with some companies ramping up pay to attract employees, particularly restaurants.
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