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According to the article's ending it's likely more complicated than just "wages going up". It mentions that "Job seekers, or those who have looked for work in
by RugnirViking 3y ago
According to the article's ending it's likely more complicated than just "wages going up".
It mentions that "Job seekers, or those who have looked for work in the previous four weeks, declined to 19.4% from 24.7% a year ago. That came as job openings fell by 738,000 to 9.58 million, according to the Bureau of Labor Statistics.
The likelihood of switching jobs fell, dropping to 10.6% from 11% a year ago, while expectations of being offered a new job also declined, to 18.7% from 21.1%."
If less people are willing and/or able to switch jobs, meaning there is less supply of labor, is it any surprise wages rise?