Greater demand for goods and services has put workers in a more powerful position—leading to wage rates in the private sector that are double those before the pandemic. A McKinsey analysis shows the highest wage gains were seen in service sectors, particular hospitality and leisure, warehousing, and construction.

Right on the money
We strive to provide individuals with disabilities equal access to our website. If you would like information about this content we will be happy to work with you. Please email us at: McKinsey_Website_Accessibility@mckinsey.com

To read the article, see “Full-potential procurement: Lessons amid inflation and volatility,” April 8, 2022.