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There will always be a labor shortage in a way, but that doesn't translate to wages. In 1990, my dad started earning 4x minimum wage. He was a recent immigrant
by talldatethrow 3y ago
There will always be a labor shortage in a way, but that doesn't translate to wages.
In 1990, my dad started earning 4x minimum wage. He was a recent immigrant that barely spoke English, but he could be the foreman of a shop in the SF Bay area that built cabinets because he was a bright guy.
Now 30 years later, he is the senior project manager for a much more successful version of the same company. He is an expert in his field. He works on $2million CABINET projects for Google campus or Rivian's offices. He makes $70 an hour. A little over 4x minimum wage.
Something had gone wrong.