Employers are complaining about labour shortages yet complain about paying higher wages. huh.
I think Ross Gittins has it about right.
Union membership is at a record low. People rarely strike if they are not organised i.e. are not in a union.
This is why we have experienced wage stagnation for a decade.
People who talk about going back to the 1970s simply did not work in that era. Union membership was much much higher and unions had members willing to go on strike for higher wages. This aint the case now.
This is why I am very sceptical of people talking about wages rising a lot. If they are not rising strongly now at full employment when exactly are they going to rise?
If employers are finding labour shortages then they could offer higher wages to get employees.
No comments:
Post a Comment