Right on the money

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

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