Collusion Course Ahead As Boomers Retire And Wages Remain Too Low

Add Macquarie to the growing choirs of financial analysts to decry the lack of US workers. At a time when Minneapolis Fed President Neel Kashkari bluntly told US business if they want workers, perhaps it’s time to raise wages, the question is: when will a diminished labor pool begin to impact economic performance? Macquarie analysts David Doyle and Neil Shankar think they have the answer, pointing to slowing GDP growth starting in 2018.   Population to employment ratio reaching high as wage growth remains generally muted A recent New York Times article pointed out what has been widely documented: the middle class in…