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. skeeze / Pixabay 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...