Growing Number of Companies Complain About Inability to Find Workers: So Why is Wage Growth So Low?

Mish Talk:

Since 2010, the highest year-over-year wage increase in any month for production and nonsupervisory employees is near 2.6%.

For a two-year stretch between summer of 2011 and summer of 2013 wage increases less than 2% were the norm.

Yet, firms complain about labor costs while simultaneously complaining about the lack of workers.

Cont....