This The Wall Street Journal blog posting details some interesting analysis from a real-estate consulting firm which suggests that a shrinking labor pool could lead to a tighter-than-expected labor market in the coming decade. Changing trends in immigration, retirement age or technological advances are difficult to predict and could provide some offsets to the rise in wages predicted in the article. However, the trend in wages will be important to watch in the coming years with implications for consumer spending, corporate profit margins and inflation.
How Demographic Changes Could Boost Americans’ Wages
Posted in News