With spot labor shortages showing up, it can't be long before wage pressures start rising.
Higher wages in this whole economic recovery picture is the proverbial other shoe.
It's not something either the Fed or employers desire, at least not at this time. Sure the Fed will deny it, claiming they would like to see a little inflation to ward off any looming deflation. But be careful what you wish for. A little could easily turn out to be a lot after one of the greatest counterfeiting schemes of all time.
Truth is wages have been flat for years. And there's much pent-up pressure not to mention frustration and concern. Toss in higher minimum wages, food and lodging costs, retailers less inclined to just suck up higher production expenses and you're looking through the economic looking glass clearly now.
Higher wages are the only real antidote for a shrinking dollar.
http://www.bloomberg.com/news/2014-04-16/tight-job-market-in-u-s-cities-prompts-higher-pay.html
No comments:
Post a Comment