What I want to know is why aren't wages going up? Isn't that the textbook free market thing that should happen when the entire economy is having trouble hiring?
What I want to know is why aren't wages going up? Isn't that the textbook free market thing that should happen when the entire economy is having trouble hiring?
Who says they aren't? Every business around here has a banner about hiring, usually listing a $1,000 bonus, and hourly wages are shown at least 20% higher than they were pre-pandemic.
Amazon is pretty desperate to hire, with $3,000 bonuses, and talk of nation-wide $18/hr minimums.
https://www.reuters.com/business/amazon-hire-125000-workers-...
It seems that still isn't quite enough. But perhaps with the end of summer vacation, that picture may soon change.
I keep wondering if a similar thing is happening here.
from the outside looking in. it does appear to have gone up a little in those jobs, but it doesn't appear to have gone up in any other job (like mine)