Employers finding ways to pay less for the same work

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Employers finding ways to pay less for the same work
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Jamal is the justice correspondent for Scripps News. He has found a home in criminal and social justice reporting, focusing largely on incarcerated and marginalized communities.

Employers in the months following the pandemic went on a hiring spree.Julia Pollak, an economist from ZipRecruiter, says it was 'a feeding frenzy, a dogfight for talent, where wages kept getting bid higher and higher and higher.'But new data shows employees have lost a lot of that leverage they enjoyed in 2021 and 2022 while businesses make a concerted effort to tighten their belts.

An expert explains which jobs will and won't be replaced by AI'We're actually seeing a pullback in wage growth in those blue-collar sectors. We've seen leisure and hospitality lose jobs in three of the last six or seven jobs reports. Those jobs that are like the first rung of the ladder into the labor market, are seeing demand for workers decline and working conditions get less attractive,' said Pollak.

Percentage of people looking for new job highest in 10 years, key survey finds

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