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Workers have a moment in the sun. i have my doubts that they ll be able to stay in the warmth of higher wages for very long. one of the things i m very concerned about is that we re seeing very large companies that benefitted from the pandemic able to increase wages. also adopted and invested aggressively in technologies that boosted productivity growth and kept margins wide to be able to absorb that wage shock where smaller mom and pop businesses, especially restaurants trying to reopen just can t compete at the same level for workers. you don t want to lose the dynamism in the u.s. economy, you want low wage workers get paid a little more, that s good news, but you also want to see smaller businesses able to survive and play a role in the economy going forward. we don t want to, as great as many chains may be, don t want just big chains, we want to keep ....
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