danielpalos
Diamond Member
- Banned
- #41
wages should outpace inflation on general welfare principle.A tight labor market, gives the power to the worker.
So why has it taken three years?
That is heavily addressed in the article.
As have been repeatedly discussed, over the years, the unemployment rate, does not count those who are not looking for a job.
THus, there was a large portion of workers on the sidelines, have been drawn back into the slowly improving job market, thus delaying and slowing wage growth.
The implications are obvious.