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re: Why aren’t wages rising rapidly if there are 6 million job openings?
Posted on 6/19/18 at 8:15 pm to HailHailtoMichigan!
Posted on 6/19/18 at 8:15 pm to HailHailtoMichigan!
It’s not an instant effect. It has a lag. Market is always trying to see an equilibrium.
Employers give raises yearly not monthly based on market trends. So actual raises and when they report to collection agencies lags actual market trends. Those getting higher may be seeing increases but drowned out by whole labor pool.
Employers give raises yearly not monthly based on market trends. So actual raises and when they report to collection agencies lags actual market trends. Those getting higher may be seeing increases but drowned out by whole labor pool.
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