“The lower-paid employee base has raised aspirations for what they need to get back to work,” Federal Reserve Bank of Richmond chairman Thomas Barkin said on Monday, Reuters reported.
“There is still a lot of room to grow in the job market; It will take the summer to unclog it“.
“I don’t think business trips and office work have disappeared; they will come back with more flexibility“.
“Upward wage pressure is a lower wage thing; you don’t see it in jobs with salaries of $ 15 or more. “
“Most companies don’t want to raise prices; they will look for alternatives, such as automation. “