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This is going to keep happening because the underlying issues of why the labor market is tight still haven't been internalized by managers. Baby boomers are ret
by Longlius 4y ago
This is going to keep happening because the underlying issues of why the labor market is tight still haven't been internalized by managers. Baby boomers are retiring and there comparatively aren't many zoomers entering the labor market. Aggregate supply of labor is shrinking every year.
I don't think rate hikes are going to be able to solve this problem because it's not an issue of "there's too much money" but rather an issue of "there's just not enough labor."
- Ancalagon 4y agoI think the managers have actually rationalized and come to terms with it - after all, they’re the ones raising pay. It’s the FED that hasn’t seemed to have figured it out yet.