Good News for Low-Wage Workers, Bad News for Profits

A shrinking pool of less-educated workers will put the pinch on companies that rely on them

Companies that hire the least-educated workers are facing an unusual squeeze as the tight jobs market hits an already shrinking labor pool.

Workers with a high school education or less, who have borne the brunt of stagnant pay and unemployment for a decade, are in high demand. In April the unemployment rate for people 25 years and older with a high school education or less was 4.7% versus 5% a year earlier. That was near the lowest levels in over a decade.

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