Growing Number of Companies Complain About Inability to Find Workers: So Why is Wage Growth So Low?

MishTalk

Since 2010, the highest year-over-year wage increase in any month for production and nonsupervisory employees is near 2.6%.

For a two-year stretch between summer of 2011 and summer of 2013 wage increases less than 2% were the norm.

Yet, firms complain about labor costs while simultaneously complaining about the lack of workers.

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One thought on “Growing Number of Companies Complain About Inability to Find Workers: So Why is Wage Growth So Low?

  1. Pay and workers (or lack of them) are linked, particularly if you undercut the wage bill by foreign workers and regularly pay less than the minimum/ national wage. Don’t get me started on apprenticeship money (about £3 an hour). No-one can live on that.

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