Ok, where is the wage inflation? I don’t see it....
The wage inflation hits the lowest cost areas first—in the case of a worldwide economy we are talking China and other Asian low cost producers.
By the time it gets to Europe and here (high cost producers) the inflation rate will already have gotten out of hand.
2,000 dollar signing bonuses everywhere you look for one.
When I entered the workforce, the minimum wage in California was $1.65.
One Dollar and sixty five cents per hour.
There is not wage inflation...
That’s the paradox. Employers can’t maintain their profit margins due to the expected increase in business taxes and thus are not paying wages that people are willing to accept. SO there are all of thes job openings, but the wages are so low, that people won’t work for that, and thus we have to import more people for the third world to take those jobs.
Welcome to North Mexico.