COVID. Re-hiring Essential Workers at Higher Wages.

What’s happening? Employers including Chipotle, Walmart, Costco, Amazon, and MCDonals are raising wages to get more applicants.

Why is this important? The employees are from line workers for COVID exposure, mostly the lowest paid industries, and the companies that pay more like Costco are shown to be economic powerhouses as the business absorbs the labor cost.

How will this be important? This the old economy fighting the new economy. The old economy says it is a labor problem. The new economy says you pay more you get better results and better profit.

AP | Desperate for workers, US restaurants and stores raise pay