Leisure and hospitality added 70,000 jobs in May, but average wage growth is running 80 basis points below inflation. The hotels that figure out how to talk about purchasing power instead of percentage increases will keep their people this summer... the ones that don't will spend July training replacements.
Nearly a million open hospitality jobs, turnover still running north of 70%, and wages that still can't compete with a warehouse shift that doesn't require scrubbing bathrooms. If you haven't pulled your trailing 90-day turnover data by department this week, you're already behind the conversation your best people are having without you.
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