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Reproduced from Indeed; Chart: Axios Visuals

The pandemic has caught up with high-wage jobs.

The big picture: Early on, the pandemic walloped hiring across the wage spectrum and in every sector. Now, states have opened up, and the lower-wage retail and restaurant jobs have slowly come back — but higher-paying jobs are lagging behind.

  • Postings for the highest-paying jobs on the site Indeed are down 24% year-over-year, even though most of the work in this wage bracket can be done from home.
  • Compare that with low-wage jobs (down just 12%) and middle-wage jobs (down 18%).

The decline in postings for high-paying work is likely due to the fact that tech and finance companies are adjusting their hiring plans to cut costs amid the recession, says Jed Kolko, chief economist at Indeed.

  • "High-wage sectors often think differently about hiring," he says. "It costs them more to fire and hire than it does low-wage sectors."

"There's also less churn," says Kolko. People are less likely to leave their jobs in the middle of a pandemic, and so companies don't have to look for new talent to replace employees who have left.

Go deeper: Companies are leaving jobs behind to cut costs

Go deeper

Updated Dec 23, 2020 - Axios Events

2. Career certificates are boosting job seekers’ prospects

Professional career certificates are opening a lot of doors for American job seekers looking to land higher-paying, in-demand jobs, several experts at Google’s Powering Economic Opportunity: New Pathways to Job Recovery event agreed.

Here’s how: Four-year degrees don’t always equate to success in today’s job market. Programs like Grow with Google offer low-cost certificates that can help people become job-ready in about six months in in-demand fields like IT Support and Data Analytics.

Updated Dec 23, 2020 - Axios Events

3. Why alternative pathways to jobs is about more than money

Expanding access to digital tools, online training, and certificate programs could bring American workers closer to landing in-demand jobs that offer the potential for higher pay, but there’s more to it.

Updated 10 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Health: Most vulnerable Americans aren't getting enough vaccine information — Fauci says Trump administration's lack of facts on COVID "very likely" cost lives.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: Florida requiring proof of residency to get vaccine — CDC extends interval between vaccine doses for exceptional cases.
  4. World: Hong Kong to put tens of thousands on lockdown as cases surge.
  5. Sports: 2021 Tokyo Olympics hang in the balance.
  6. 🎧 Podcast: Carbon Health's CEO on unsticking the vaccine bottleneck.