There’s more troubling news for the white-collar job market: wage growth is falling short of inflation.<\/p>\n
A Bankrate<\/a> analysis used employment cost index and consumer price index data from the Bureau of Labor Statistics<\/a> to look at how the gap between wage and salary growth and inflation has changed since 2021. The difference allowed Bankrate to identify the industries with better worker bargaining power.<\/p>\n Financial activities and professional and business services fell on the wrong side of that divide. Wage growth falling behind inflation in those sectors adds to the bleak picture of the white-collar labor market.<\/p>\n Read more about the industries that are still booming on Business Insider<\/a>: https:\/\/lnkd.in\/eMHBn7tV<\/a>
\n(Credit: Getty Images)
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