(August 13, 2018 at 9:53 am)Mister Agenda Wrote: As a lower-level manager in a large corporation, I am starting to feel the pinch of a tight labor market. I am having trouble filling temp positions at the wages I'm allowed to offer. More people on my staff are applying for other positions in the company, and I anticipate it will be more difficult to replace them, especially with the limitations imposed on what I can offer by upper management. My experience is that these conditions will have to persist for another year before we start seeing any wage adjustments. We don't raise wages until the impact of not being able to attract and retain talent trickles up to corporate profits.
That’s not necessarily a good sign. Tightness in labor market usually occurs towards the end of an expansion cycle and preceed a downturn.
