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> I don't understand. The current labour shortage is, 100%, hands down, fully stop, start to finish, a result of boomers retiring. What I'd love to know is why
by tome 4y ago
> I don't understand. The current labour shortage is, 100%, hands down, fully stop, start to finish, a result of boomers retiring.
What I'd love to know is why this labour shortage doesn't lead to increased wages for the workers who are not retiring.
- ghaff 4y agoEssentially, price elasticity of demand. There's a ton of services/products I would consume at an arbitrarily low price that I won't at a much higher price. And some services have a very large labor component.
- pixl97 4y agoWhy do you think the .1% is making hand over fist right now. They keep jacking up prices and the investor class isn't sharing the profits. That said, wages have gone up some, but generally not for people that remain at a company, you have to be willing to switch jobs to get the benefit.