WSJ: "The Worker Bidding War is Over"
— Peter St Onge, Ph.D. (@profstonge) August 28, 2023
Just 6 weeks after warning that greedy workers are sending us to hyperinflation, it turns out the boom's already over as salaries for new hires are "shriveling."
Manufacturing and business are down 10%, while IT and engineering are down… pic.twitter.com/Q3COUs8O6a
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Monday, August 28, 2023
[Salaries for] Manufacturing and business are down 10%, while IT and engineering are down closer to 20%. The few sectors that're still going up are -- you guessed it -- government-dominated education and health-care.
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