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by ceejayoz
285 days ago
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> Can you explain how the Fed is keeping the cost of labor low... The Fed calls workers being able to push for significantly increased salaries an "overheated labor market". https://www.kansascityfed.org/research/economic-bulletin/ris... "The same influx of immigrant workers that helped fill job openings also dampened wage pressures across the affected industries and states. At the industry level, sectors with some of the highest immigrant workforce growth, such as construction and manufacturing, saw the sharpest deceleration in wage growth (specifically, average hourly earnings) from 2021 to 2023." |
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