Tempering inflation should not be done on the backs of workers, write Katherine S. Newman and Elisabeth Jacobs
, which hit a historic high at 12% in April 2022 and now sits at 2.8%. But the rate declined faster for Black men and wages increased more rapidly among them than for any other group in the labor market. Tight labor markets
Employers turn to sources of applicant pools they wouldn’t have considered when they had the opportunity to be choosy. As a result, people who have traditionally found it very hard to crack the employment barrier—from citizens returning from the prison system to high school dropouts—find they are in greater demand. Their problems are hardly over; it is still the case that ex-prisoners face daunting barriers in finding jobs.
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