“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.
Key Comments:
“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. “
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