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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%).

What they're saying: 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," Kolko says. 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.

Top labor leader Richard Trumka dies unexpectedly at 72

Photo: Samuel Corum/Getty Images

AFL-CIO President Richard Trumka, who led the largest federation of unions in the country for over a decade, has died at 72.

The big picture: Trumka began working as a coal miner in 1968 and would go on to dedicate his life to the labor movement, including as president of the 12.5 million-member AFL-CIO beginning in 2009.