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Restaurant and hotel workers are the surprising winners of the war between wages and inflation — and the industry is still hiring like crazy

Business Insider LogoBusiness Insider3 mo ago

Restaurant and hotel workers are the surprising winners of the war between wages and inflation — and the industry is still hiring like crazy - Business Insider

Quick Summary:

Leisure and hospitality workers' inflation-adjusted wages rose 0.2% in the year through July.

Most others have seen their buying power crumble.

Wholesale trade workers follow close behind, with their real pay dropping 4.4% in the year through July.

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Article Details

Category: Economy

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-08-10 @ 17:02:26 (3 months ago)

News Timezone: GMT -5:00

Ranking: #736 (out of 3192 stories this day)

News Source URL: businessinsider.com

Language: English

Article Length: 614 words

Reading Time: 4 minutes read

Sentences: 59 lines

Sentence Length: 11 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Insider

News ID: 127946

View Article Analysis

About Business Insider

Business Insider Logo

Main Topics: Economy

Official Website: businessinsider.com

Update Frequency: 139 posts per day

Year Established: 2007

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #64

Publisher Details

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The story "Restaurant and hotel workers are the surprising winners of the war between wages and inflation — and the industry is still hiring like crazy" has 614 words across 59 sentences, which will take approximately 3 - 6 minutes for the average person to read.

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The story "Restaurant and hotel workers are the surprising winners of the war between wages and inflation — and the industry is still hiring like crazy" was covered 3 months ago by Business Insider, a news publisher based in United States.

How trustworthy is 'Business Insider' news outlet?

Business Insider is a fully independent (privately-owned) news outlet established in 2007 that covers mostly economy news.

The outlet is headquartered in United States and publishes an average of 139 news stories per day.

It's most recent story was published 8 hours ago.

What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

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  • News ID: #127946
  • URL: https://beamstart.com/news/restaurant-and-hotel-workers-are-16601515037821

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