Almost 80 percent of U.S. workers now earn at least $15 an hour, a 'major shift from pre-pandemic norms'
For the first time ever, average pay for restaurant or supermarket workers has surpassed $15 an hour, The Washington Post reports, as reopening businesses scramble to rehire the workforce they cut amid pandemic restrictions and lockdowns.
Almost 80 percent of overall U.S. workers now earn at least $15 an hour, up 20 percent from 2014, writes the Post. Workers in some of the lowest-paying industries have seen "some of the biggest gains."
Although a higher average wage should not be viewed as a new minimum wage, "I think it's a guiding star wage," said Nick Bunker, economic research director at Indeed Hiring Lab. "It's a baseline wage that folks compare offers to." The pay jump — a "major shift from pre-pandemic norms" — is likely to be permanent, considering wages reportedly rarely fall once they rise.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
By June, the average nonmanagerial restaurant worker was making $15.31 an hour, a more than 10 percent increase from the pre-pandemic $13.86 an hour. Supermarket workers saw a similar jump that month, with pay rising 7 percent from pre-pandemic levels to $15.04 an hour. Other affected businesses include "butchers and seafood markets, office supply [stores], liquor stores, parking-lot attendants, day-care services, janitorial services, and care for the elderly or disabled," per the Post.
Bunker adds that although inflation "[rains] a little bit on the parade," its effects are likely to fade while wages stay high, meaning "people will have higher real earnings than would have otherwise." Read more at The Washington Post.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Brigid Kennedy worked at The Week from 2021 to 2023 as a staff writer, junior editor and then story editor, with an interest in U.S. politics, the economy and the music industry.
-
US citizens are carrying passports amid ICE fearsThe Explainer ‘You do what you have to do to avoid problems,’ one person told The Guardian
-
All roads to Ukraine-Russia peace run through DonetskIN THE SPOTLIGHT Volodymyr Zelenskyy is floating a major concession on one of the thorniest issues in the complex negotiations between Ukraine and Russia
-
Why is Trump killing off clean energy?Today's Big Question The president halts offshore wind farm construction
-
TikTok secures deal to remain in USSpeed Read ByteDance will form a US version of the popular video-sharing platform
-
Unemployment rate ticks up amid fall job lossesSpeed Read Data released by the Commerce Department indicates ‘one of the weakest American labor markets in years’
-
US mints final penny after 232-year runSpeed Read Production of the one-cent coin has ended
-
Warner Bros. explores sale amid Paramount bidsSpeed Read The media giant, home to HBO and DC Studios, has received interest from multiple buying parties
-
Gold tops $4K per ounce, signaling financial uneaseSpeed Read Investors are worried about President Donald Trump’s trade war
-
Electronic Arts to go private in record $55B dealspeed read The video game giant is behind ‘The Sims’ and ‘Madden NFL’
-
New York court tosses Trump's $500M fraud fineSpeed Read A divided appeals court threw out a hefty penalty against President Trump for fraudulently inflating his wealth
-
Trump said to seek government stake in IntelSpeed Read The president and Intel CEO Lip-Bu Tan reportedly discussed the proposal at a recent meeting
