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The narrative surrounding wage growth in the United States is reaching an inflection point, posing a critical question: Are we witnessing a correction in wages? Recent developments paint a complex picture, one in which a surge in compensation during the pandemic era appears to be adjusting to new economic realities.
A 2023 report from ZipRecruiter lends credence to this possibility, revealing that 48% of surveyed U.S. companies have reduced pay for certain roles. “But, say experts, companies aren’t necessarily just seizing a moment in a tight job market to reduce costs,” writes Alex