Labor Day 2022: Smaller paychecks get bigger raises

If Hollywood were to make the movie “Revenge of the Small Paychecks” for Labor Day 2022, it would be a horror film for bosses.

An intriguing plot line inside this year’s job market drama is that workers making the least are getting the second-biggest pay hikes among  41 job niches tracked by the Federal Reserve Bank of Atlanta.

It’s a surprising outtake from the pandemic era’s wild job market, which has swung from unprecedented layoffs to an overabundance of “help wanted” signs.

The “Revenge” script sees employers, facing historically few job seekers, forced to pay up for all sorts of talent. It’s just another managerial nightmare amid wildly inflated business

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