A Factor in the Bizarre “Great Resignation” & “Labor Shortage” Phenomenon: The Huge Surge of Americans Starting Businesses by Wolf Richter • Jan 16, 2022 • 140 Comments Another testimony of the massive changes in society and the economy. But losing some of the enormous steam.
Wage Price Spiral Takes Off, Companies Point at it: Albertsons Shares -8%, JP Morgan’s Dimon Sees “Huge Pressure” on Labor Market by Wolf Richter • Jan 11, 2022 • 175 Comments The Fed finally sees it too.
Hard to Imagine the Labor Market Will Go Back to Pre-Pandemic Dynamics. Too Much Has Changed by Wolf Richter • Jan 7, 2022 • 224 Comments People got thrown out of a rut and thought about how to move forward differently. We can see that increasingly in the numbers.
Workers See Their New Power, Quit in Record Numbers to Get Better Jobs at Companies Struggling to Fill 10.6 Million Openings by Wolf Richter • Jan 4, 2022 • 196 Comments Workers come out ahead, a phenomenon not seen in many decades, as desperate employers poach workers from each other.
Labor Shortages Worsen, Companies Poach Workers from Each Other amid Massive Churn by Wolf Richter • Dec 8, 2021 • 221 Comments Job arbitrage in a labor market where workers have more power than before.
People Balk at Regular Old Grind, Strike Out on the Own by Wolf Richter • Dec 3, 2021 • 167 Comments Number of Workers Jumps by Massive 1.14 Million in Nov as People Strike Out on Their Own. But Employers Can’t Fill Vacancies.
The Power of Labor: Record Churn & Quits among Workers as Employers Desperate to Fill Huge Number of Job Openings by Wolf Richter • Nov 12, 2021 • 195 Comments Millions of people are still watching this spectacle from the sidelines.
Jobs Data Shows Something Big Changed in this Monstrously Overstimulated Economy by Wolf Richter • Nov 5, 2021 • 306 Comments Record GDP, record consumer spending, record private investment, but the number of workers accomplishing these feats is down by 4.7 million.
Employers Forced to Raise Wages by Most in at Least 20 Years: Whole Power Balance Has Changed by Wolf Richter • Oct 29, 2021 • 126 Comments Margin pressures from surging labor costs for the first time in two decades.
“Wage Pressures,” “Robust Wage Growth,” “Wage Inflation,” even “Wage War” Plastered All Over Fed’s Beige Book by Wolf Richter • Oct 20, 2021 • 148 Comments Wages are heating up. And it’s also now starting to show up in the data: The wage component in the fuel for persistent big inflation.
