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Hunt for Cheap Labor Gets More Expensive for Corporate America

  • Real average hourly earnings accelerate in lower wage sectors
  • Labor demand and costs are eating into corporate bottom lines

Low-earning workers are getting recruited at higher rates than other income brackets, which is pushing up wages and raising costs for businesses.

Today’s Chart of the Day shows the difference between average hourly earnings for all employees and those in non-management roles on a year-over-year basis, illustrating how employers are increasing their hiring of laborers.