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Inflation is wiping out recent wages increases. As supply shortages continue and spending remains strong, many consumers are feeling the impact with a 7.0% rise in food prices and a 40% hike in gasoline prices over the past one year.Â
So, employers are finding it difficult to fill their job postings since many Americans are reluctant to return to the workforce as they seek better employment opportunities or start their own businesses or are choosing to retire early.
