Post by islander Post by El Castor
"More workers quitting old jobs for better pay at new ones"
It would be nice if a tighter labor market resulted in increased wages.
Unfortunately, wages have still not kept up with increasing inflation.
Record numbers of resignations are the result of workers quitting to
move to higher paying jobs -- however even larger numbers of teenagers
and unemployed minorities are filling those vacated lower paying jobs,
and other entry level positions being created as the economy grows.
Increased numbers of low paid workers have held down the averages, but
the total work force is being paid more.