Upward wage pressure is starting to occur in many industries and locations across the nation.
Thus far the numbers do not show that, but there has been
upward wage pressure starting to appear in some industries.
We should not fear but rather embrace
upward wage pressures as a positive development that raises the standard of living for Canadians.
The Fed's traditional models dictate that falling unemployment will quickly generate
upward wage pressures and increase the pricing power of firms.
In the days back when Alan Greenspan railed about the need to control
upward wage pressures (that is, living standards) in order to squeeze labor more, he was not talking about CEO pay.
Upward wage pressures persisted but generally did not escalate; most Districts reported wage growth as only modest.
As I sifted through the Beige Book to see which areas of the economy were posting
upward wage pressures and growing skilled labour shortages I could see a large swath — Technology, Construction, Transportation Services, Restaurants, Durable Goods Manufacturing.
The US and California economies look good and with President Trump pushing for fair trade agreements, it can only produce more GDP growth,
upward wage pressures and further reawakening of the American dream, long since abandoned in the last 11 years.
Not exact matches
That's going to put even more
upward pressure on
wage inflation.
The
wage demand, pushed by U.S. Trade Representative Robert Lighthizer during intensive talks in Washington last week on modernizing the North American Free Tree Agreement, are aimed at preserving U.S. and Canadian auto production and putting
upward pressure on Mexico's low auto wages.
But it has shown several years of strong
wage growth, and demand for qualified candidates is growing, which should put
upward pressure on salaries in the coming years.
Given these conditions, a key issue for the Australian economy will be the extent to which the ongoing growth of demand might give rise to capacity constraints and, consequently,
upward pressure on
wage and price inflation.
Over the next two years, several states plan to raise statutory minimum
wage rates, adding to the
upward pressure on wages.
In a scenario with a reasonably benign world environment, these factors could see a strengthening of demand
pressures and hence
upward pressure on
wage and price inflation.
A group representing school business managers says Cuomo's proposal to raise the minimum
wage to $ 15 an hour could put
upward pressure on property taxes, making it even harder to adhere to the approximately 2 percent annual cap the governor pushed through at the start of his first term.
A group representing school business managers says Gov. Andrew Cuomo's proposal to raise the minimum
wage to $ 15 an hour could put
upward pressure on property taxes, making it even harder to adhere to the approximately 2 percent annual cap the governor pushed through at the start of his first term.
With
wage pressure and inflation moving
upward, the Fed signaling its intention to raise short - term interest rates, and the approaching end of an unprecedented era of falling interest rates, indications point toward higher rates ahead.
Employers are also advised to expect
upward pressure from non-minimum
wage staff who may in turn expect equivalent pay raises themselves.
Upward pressure on
wage rates associated with tight labor markets, the impact of new fiscal policies, and the threat of rising tariffs on imported goods into the U.S. could very likely push inflation past the Fed's targeted 2 % goal.
Increases in minimum
wage rates in many states and tightening labor markets may start to put further
upward pressure on this measure of earnings.
However, sector - specific data on changes in average hourly earnings for assisted living properties, as tracked and monitored by the U.S. Bureau of Labor Statistics, do show
upward pressure on
wage rates.
The same
pressures that have defined the market since the Great Recession are expected to continue: a strong job and
wage increases, population growth coupled with a lack of supply of new «for sale» homes will continue to push prices
upward.
A rate much below the natural rate of unemployment is believed to fuel inflation through
upward pressure on
wage rates.