Travelwanted
Recycles dryer sheets
The hiring part is what confuses me. Who is going to get hired when the unemployment rate is already at a 16 year low? If it goes much lower, we're going to be at a 50 year low. Why wouldn't companies just do more off-shoring and create jobs in countries where the labor market is not so tight and taxes are also low (e.g. Ireland, China, India, Russia) instead of competing for the scarce labor here and potentially having to pay higher wages?
If the labor shortage does get worse, and companies do want to hire in the US for some reason, then that will push wages up and that really will be a boon for lower class workers.
I do think investors will benefit through increased dividends and higher stock prices as a result of buybacks.
Excellent point about hiring. I do believe there will be upward wage pressure, finally. Only time will tell though.
I also believe inflation will be returning.
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