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Manish Bhatia's Blog – July 2023 Archive (1)
Labor Pains: Think Ai
Worker pay and benefits surged again in the second quarter, as employers sought to keep pace with inflation in a historically tight labor market. Total compensation rose 1.3%, the Labor Department said, close to the record 1.4% increase in the first quarter. Employers, meanwhile, saw their costs for labor spike 5.1% in the second quarter, up from 4.5% in the first and the highest number since records began in the early 2000s.
That acceleration in pay and benefits is expected to add…
ContinueAdded by Manish Bhatia on July 13, 2023 at 11:48am — No Comments
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