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The labor market is tight, near full employment. In very constrained locations (like SF) wages for kitchen staff have gone up significantly. Other places it's j
by samlevine 8y ago
The labor market is tight, near full employment. In very constrained locations (like SF) wages for kitchen staff have gone up significantly. Other places it's just hard to find people to do the job for what the market will bear.
We're reaching the point where we seriously need to think about assisting internal migration in the country, but before that can kick in we'll end up with a recession to fight off inflation.
- mc32 8y agoThe founder of BET is saying that this tight labor market has enabled people who previously were chronically unemployed to become employable in this economy. It's not that we don't have able bodies available, we do, what we don't have is people already trained in a skill set available for cheap. We have people who could be trained, and we're seeing that, and we're seeing a reduction in undocumented labor undercutting legal labor. This is good for the American worker, even as the price of goods may rise marginally.
- coldcode 8y agoAlso often the more marginal workers who do want to work have no cheap way to get to where the work is. In a world of Uber buses get eliminated, and the poor cannot get to work.