Greater demand for goods and services has put workers in a more powerful position—leading to wage rates in the private sector that are double those before the pandemic. A McKinsey analysis shows the highest wage gains were seen in service sectors, particular hospitality and leisure, warehousing, and construction.
![Right on the money](/~/media/mckinsey/featured%20insights/charting%20the%20path%20to%20the%20next%20normal/2022/may/gifs%20and%20modified%20charts/pubprocurement-ex2-v9-rj-shrunk-timed.gif)
To read the article, see “Full-potential procurement: Lessons amid inflation and volatility,” April 8, 2022.