Wages didn’t seem to go up in a meaningful way when inflation was running hot and so now businesses are playing catchup.
Like companies have to increase wages to fill certain positions even if they need less employees.
So what the data is showing makes sense to me. Increased wages and less jobs.
Yes, I believe companies want to keep more skilled people so they have to increase wages. What worries me is that the job losses are happening in a lot of sectors, and the new oil prices are still not shown in any data, and how this will affect the economy.
Hmmm this makes a lot of sense. I really wonder what impact Ai will have in a long run on this
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