Denver Channel: Growing number of businesses report having to raise wages

Posted at 12:57 PM, Oct 28, 2021 and last updated 1:57 PM, Oct 28, 2021

WASHINGTON, D.C. — No matter where you look in the country right now, “Now Hiring” and “Help Wanted” signs are everywhere. They are signals that workers are playing a big role in the nation’s economic recovery from the pandemic.

“We have never seen anything like this before,” said Kishore Kulkarni, an economics professor at the Metropolitan State University of Denver.

He said the tight labor market means businesses have no choice but to pay workers more to get them in the door.