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Employers in bidding wars for low-wage workers, changing relevance of minimum wage

Name: Employers in bidding wars for low-wage workers, changing relevance of minimum wage
Uploaded: 2023-08-28T10:45:00-0400
Duration: 5 min 53 s
Description: The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New York Times, joined CBS News to discuss the trend.

The hot labor market has sent demand for higher pay skyrocketing across several typically low-wage industries and more workers are rejecting the federal minimum wage, according to a report from The New York Times. Lydia DePillis, economics reporter for The New York Times, joined CBS News to discuss the trend.