Don’t worry, these are just economists making these scientific predictions. They are grossly underestimating workers returning to the workforce. May I have my Nobel Prize in Economics now?
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Unemployment may be low, but that doesn't account for underemployment and the job participation rate. Both of those metrics are still in historically bad areas. While this should make wages improve, it would take decades to happen.
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What is a sustainable unemployment rate? If workers are in short supply, capital of expenditure to improve productivity is the typical response? The only reason for business not to spend funds in this way is at least laziness if not out of an uncaring attitude for their people.
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Unhappy if they do, unhappy if they don't. Always looking for the snake in the grass!
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