The labor shortage is a demographic and immigration problem, a chief global strategist at JPMorgan Asset Management says
But the labor shortage isn't something that can be resolved in an instant,"and because it's going to linger, I think wage growth is going to be strong until the next," Kelly said. Average hourly earnings of production and nonsupervisory workers, which Kelly said is about 80% of the workforce in the US, has already been strong. Wages for these workers have increased 6.7% year-over-year for three straight months, as of data from March 2022.
It's not solely immigration that's impacting the shortage of workers. Kelly found that population growth for Americans aged 18 to 64 has been slow. "The overall number of Americans aged 18 to 64 has risen by just 930,000 over the last three years, or 0.2% per year," Kelly wrote in the note."This very sluggish growth rate reflects the aforementioned aging of the baby-boom generation and a sharp decline in immigration."Sign up for notifications from Insider! Stay up to date with what you want to know.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Cannes Film Festival: Michel Hazanavicius’ ‘Z (Comme Z)’ To Open; James Gray, David Cronenberg, Cristian Mungiu, Kelly Reichardt In Competition – Full ListUPDATE: The lineup for the 75th Cannes Film Festival — as it stands so far, there are still additions to be made — has been revealed with 18 movies in Competition (see full lists below)…
Les mer »
David Cronenberg's panic attack-inducing body horror now has a trailerThe one minute clip of the Kristen Stewart-starring ‘Crimes of the Future’ gives us a glimpse of the movie that reportedly has viewers spiralling.
Les mer »
David Cronenberg Returns With the ‘Crimes of the Future’ TrailerDavid Cronenberg finally has a new movie, and based on the trailer no one else on the planet could have possibly directed it.
Les mer »
David Spade: Why ‘Gap Girls’ movie spinoff of ‘SNL’ skit was killedThe comic revealed that “SNL” chief Lorne Michaels suggested doing a full-length film based on the recurring sketch — but that was a stretch for Spade.
Les mer »
Murder, blackmail and a missing woman in 1950s Hollywood fuel David Baldacci’s ‘Dream Town’The third book in the Archer series brings the private investigator to Los Angeles where the disappearance of a screenwriter sets the story in motion.
Les mer »
'Crimes of the Future' Trailer: David Cronenberg Goes Back to His RootsWith 'Crimes of the Future,' premiering at Cannes this year, it looks like David Cronenberg is going back to his roots.
Les mer »