"I don't know why Beagles thinks that wages are growing more than a few percentage points while the moneybags of the very very rich are soaring higher than the high sierras.
This was my initial disagreement with Beagles, and I still see nothing that says otherwise." - Uncle Ken
Uncle Ken would already know this if he had read the article but, since he didn't, here it is:
"Higher wages have led to historic levels of pay compression
The most basic and intuitive way to solve labor shortages is to raise wages. And indeed, in our Labor Shortages Solutions Survey, this was the most used solution for both recruitment and retention challenges. Given the variation of tightness across occupations, it is not surprising that most of the wage acceleration is occurring in blue-collar and manual services jobs, where wage growth is already above prerecession rates. Wage growth for management and professional workers, which includes close to 40 percent of the workforce and most of total compensation, is accelerating more moderately, which is one reason why, despite the historically tight labor market, overall wage growth is still well below prerecession rates."
"I never said anything about women. And I see nothing to disabuse me of my findings in the google search is black unemployment growing." - Uncle Ken
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