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A Generation of CEOs Who Don't Know How to Raise Wages | Truthout
According to standard economics, when businesses can't fill job openings, they are supposed to offer higher wages. If these businesses offered higher wages, then they could lure away workers from their competitors. They may also be able to attract workers from other states, or even other countries. Certainly there are workers somewhere in the world who have the skills that are needed to work at Caterpillar or at software firms run by Mr. Emanuel's friends. If these CEOs raised wages high enough, then these workers would be willing to work for their companies.
However, for some reason, they have not chosen to raise wages to the market clearing level, and, therefore, can't get the workers they want. Apparently, these CEOs do not know how to raise wages.