Valley non-profit putting $250K grant toward boosting employee pay

Competition for workers is fierce. ASU economist says the current unemployment rate is low — under 2.5% in the Phoenix metro area.

Competition for workers is fierce. ASU economist says the current unemployment rate is low — under 2.5% in the Phoenix metro area.

In this story aired March 8, 2022, on ABC 15:

The main thing that employers have to work with, you know, the tools available to them. They have their wages, you know. What can they offer workers? But there’s also opportunities for innovation, I think, working conditions. Perhaps even adding on certain benefits such as paying for education and, in other words, making the workplace a good place to be. Creating the sense that there’s some sustainability there and that there’s a reward system.

– Lee McPheters, research professor of economics and the director of the JPMorgan Chase Economic Outlook Center