[sandworm101]

>> You would expect to see average wages decrease as companies hire less experienced, less productive workers who are just starting new jobs.

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.