I was talking to the branch manager at a local bank, and she said they’ve been unable to hire any new tellers for a year now. She didn’t know why, or how people were making ends meet.
And we had to wait 4 months to get a new dishwasher installed, because there aren’t enough installers.
I don’t think businesses have enough money to raise wages to the point where they get (qualified) applicants. But I really don’t know why the supply of labor is so low.
We are entering a post baby boom period where before, the employer always had an advantage over the pool of labor and could “set” wages. Now there is more of a balance between labor and employer and the employers have not adjusted their mind set. This balancing of labor vs employer is good thing IMO. The USA was rapidly becoming a 3rd world worker’s hell. Soon some will realize the situation and raise wages and drive those that can’t adjust out of business buy scooping up all the labor.