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by nradov
2891 days ago
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You would expect to see average wages decrease as companies hire less experienced, less productive workers who are just starting new jobs. So in a way it could be sort of a good sign since those workers wouldn't have found jobs at all when the economy was weaker, but it's hard to tell what's really going on based on that data. (I agree the economy still isn't good for many people.) |
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In a truly booming economy people, bodies, matter more than skills. Skills can be trained after employment. I would expect companies to be paying more regardless of background. Any lesser pay for new people would/should be balanced by greater pay to retain trained people. None of that is happening. Wages are up a tick here and there, but not substantially. It will be booming when I see wages growing as a percentage of profits, when companies start tightening profit margins to retain people.