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At the same time, hasn’t the number of people who’ve left the job market entirely decreased something like 3% since the financial crisis? Combine that with fai
by gdubs 7y ago
At the same time, hasn’t the number of people who’ve left the job market entirely decreased something like 3% since the financial crisis?
Combine that with fairly stagnant wage growth, and the linked chart doesn’t really look impressive.
- zaroth 7y agoHard to have wage growth if you have an excess supply of workers. So either you need job growth to outpace workforce growth, or you need to eliminate workers (e.g. less immigration, lower retirement age, shorter work week / lower overtime thresholds). The job growth is impressive - at least, it’s the best job growth we’ve ever had in one run. It would be nice if it could keep running for another 24 months at least.