[CoolestBeans]

How can we say "consumers will pay a bit more and shareholders will see lower returns"? We just went through an episode of tight labor and it resulted in high inflation in the US and companies recorded blockbuster profits by pursuing a price over volume strategy.

Of course, it also coincided with a supply chain shock but we ought to be honest that we cannot guarantee a tight labor market will result in Americans being materially better off.

[toomuchtodo]

Where else would business squeeze the P&L in the face of increased cost of labor? Prices go up, profits go down, or some combination if the business is to continue as a going concern.