The pandemic has sped up transformations in the labor market that could force more than 10% of workers in the United States into a new line of work, according to a new report. In the U.S., 17.1 million people will likely need to change jobs in the future, a 28%...
Clothes retailers in Europe and America sit on excess inventory and cut back on spring orders. Sourcing agents face late payments. Garment factories in Bangladesh are on the rack. The global apparel industry, reeling from a punishing 2020, is seeing its hopes of...
Jobs lost during the pandemic are so skewed to lower-income Americans that the average wage didn’t suffer in this tough economy like you might think. In fact, it’s misleadingly high, now topping $30 an hour. Average hourly wages in the U.S. continued to increase in...
