Though the second - quarter bounce back is dampening
wage pressure for now, the weak trend in productivity suggests the economy's growth potential could be lower than the 1.5 percent to 2.0 percent pace that economists have been estimating.
Based on the latest Hays Global Skills Index, Canada's talent mismatch is worse in 2015 than it was in 2014, largely based on a lack of skilled people entering the workforce, resulting in
wage pressure for skilled jobs.
Not exact matches
You may see inflation remain below target, you may see a lack of
wage pressures, and you could be in a relatively steady state like that
for some time possibly.
We should not fear but rather embrace upward
wage pressures as a positive development that raises the standard of living
for Canadians.
Vanguard says investors should pay more attention to low unemployment rates than GDP growth at this stage of the cycle
for prospects of either higher spending
for capital expenditures or
wage pressures.
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.
The Reserve Bank of Australia said it saw signs of
wage pressures in the economy, setting the stage
for a rate hike later this year, says Paul Bloxham of HSBC.
It's a demanding ethos that sometimes comes at a cost: Nordstrom has faced at least one class - action suit
for allegedly
pressuring salespeople not to charge their hourly
wage for some customer - service - related work.
Despite heavy spending by a handful of top universities
for the most talented, grant - winning researchers, most schools aren't seeing big
wage pressures, largely because teaching jobs are in high demand.
The slowdown in job growth and the absence of any significant
wage pressure could strengthen the arguments of those who see little risk in keeping borrowing costs exceptionally low and waiting not just
for more encouraging data but also
for unruly markets to settle down.
When critics like Brian Riedl, the campaign economist
for the presidential campaigns of Mitt Romney and Marco Rubio, fret that offering everyone a good job will lead to «
pressure to introduce a higher
wage or certain benefits that the private sector doesn't offer,» proponents say: Yeah, it will; that's exactly the point.
We have seen in our own case how liberalisation of financial markets has led to
pressures to liberalise product markets (through ongoing tariff reductions and other forms), to bring more competition in the provision of infrastructures (such as transport, communications and power generation), and to free up the labour market (through,
for example, enterprise - based
wage bargaining).
Pockets of weakness persist
for some less advantaged groups and in some parts of the country, a point Chair Yellen herself recently made, and even nationally, there's not all that much
wage pressure.
-- It's reasonable to worry that rising
wage growth amidst slow productivity could create price
pressures (though the previous bullet describes a
pressure value
for that scenario).
If the Fed were to continue hiking rates based on the current low rate of productivity growth
for fear that inflation would accelerate, that would tend to keep productivity growth permanently depressed by preventing
wage pressures from pushing businesses to investment in productivity boosting technologies.
In that sense, the Fed has the potential to make a huge structural difference in the economic lives of blacks and other minorities by heavily weighting the full employment part of the their mandate relative to the inflation part, especially since there's still considerable slack in the job market, with lower -
wage, minority workers facing the brunt of it, and — importantly — little evidence of inflationary
pressure (if anything, the Fed has missed their inflation target on the low side
for a few years running now).
Slowing underlying
wage growth means that there is more
pressure for downward adjustments that are facilitated by inflation.
A slowly rising rate cycle in the face of full employment and modest
wage pressure isn't the worst environment
for fixed income.
The stronger yen has been threatening weaker profits
for exporters, leading to downward
pressure on
wage negotiations typically conducted in spring ahead of the new fiscal year starting in April.
In contrast, more broadly based business survey data
for the December quarter suggest that
wage pressures have not increased significantly.
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.
Wage pressures remain muted as hopes
for sustained faster growth fade, given that pro-growth policies from Washington are looking less likely by the day.
The jobs data will be scrutinized closely
for more clues about
wage pressures and signs of inflation.
But recently, new minimum -
wage laws and a tight labor market have pushed up wages
for the poorest workers, squeezing retailers who are already under
pressure from Amazon.
More recently,
wage growth has shown signs of stabilisation, with growth in the private sector
wage price index unchanged
for the past six quarters, while a broader measure of
wage pressures, the growth in average earnings per hour, has picked up of late.
CITI: Given continued soft inflation readings, average hourly earnings (AHE) remains the focus of the payrolls report as markets look
for evidence that
wage pressures are building.
In addition, certainty and predictability are crucial
for our business community when it comes to government - imposed
wage pressures.
Also, the need
for interest rates to rise will be lessened to the extent that inflation expectations remain well anchored and
wage pressures in stronger parts of the economy do not spill over to other parts.
The usual arguments from the far right («we can not afford this,» they say, or «if you pay people
for not working, people won't work») join with those on the far left («this is just a way to reduce
pressures on the minimum
wage or cut back all the other programmes that are vital») are mutually reinforcing, even though they're largely inaccurate.
SCHNEIDER: The number one metric and this gets back into my comments about optionality
for the Fed, but the number one metric that the Fed is going to be focused on is the tightness of the job market and
wage pressures on the go - forward basis, so sure inflation — headline inflation has perked up a little bit.
Once that sort of financing dries up
for the consumer, we will see significant
wage pressure.»
Why don't you stop bullying the LEAST capable and start putting
pressure on the MOST capable of actually making a change... and don't tell me there is no margin
for investment, job creation, or
wage increase — that would simply be a LIE (which, is in fact, a sin).
FPA surveys indicated members saw labor as a key issue
for converters, specifically, most manufacturers cited their difficulty in finding skilled, qualified labor while others cited trouble keeping talented staff, problems with turnover,
wage pressure, and the lengthy period needed to train qualified operators.
Ozil — obviously this player has some superior skills but his posturing is hard to swallow when things aren't going well... love his link up play with Sanchez, so just imagine if Wenger gave a shit about the Striker or right forward positions... I feel a bit
for him because he was liekwise given promises about our direction and they never materialized; that being said he needs to grow up sometimes and find a way to handle the
pressure a little better... I wouldn't get carried away about locking him into a much higher
wage for any length of time if we aren't planning to properly revamp the current club
Ideally I would sell him due to his horrendous injury record, already have enough
for English quota, it relieves
pressure on our
wage bill and that he is replaceable with better players out there.
In part because human capital in these high quality sectors is deep and specific, so needs to be used to the full in exporting; in part because there are typically strong positive externalities to training and innovation systems from increased exports; in part because a tight fiscal policy constrains
wage demands in the public sector from undermining restraint of export sector unions: these countries, as well as Japan and China
for similar reasons, want no constraints on their exports through macroeconomic regulatory rules
pressuring them to expand consumer demand.
Skelos in the past hasn't ruled out passing other measures as well, but with wide support
for the minimum
wage increase reflected in polls and the Assembly's passage of the bill today, the political
pressure on the 32 - member conference has intensified.
For example, many UK employers have become accustomed to the flexible supply of EU workers in low - wage jobs, and the removal of this migration route could increase the pressure for illegal migration and employme
For example, many UK employers have become accustomed to the flexible supply of EU workers in low -
wage jobs, and the removal of this migration route could increase the
pressure for illegal migration and employme
for illegal migration and employment.
Those are the issues at stake
for the Independent Democratic Conference in a video released Monday as the lawmakers in the breakaway bloc seek to re-affirm their support
for liberal causes they believe has been lost in the pitched battle being
waged by progressive advocacy groups to
pressure them into forming a coalition with mainline Democrats.
Cuomo faced
pressure from the left in his party to further increase the state's minimum
wage for non-tipped workers.
Counteracting President Trump; bolstering the Affordable Care Act; and publicly funding campaigns are the issues at stake
for the Independent Democratic Conference in a video released Monday as the lawmakers in the breakaway bloc seek to re-affirm their support
for liberal causes they believe has been lost in the pitched battle being
waged by progressive advocacy groups to
pressure them into forming a coalition with mainline Democrats.
In an interview on Capital Tonight on Friday, the Syracuse Republican came out swinging at the
wage board convened by Gov. Andrew Cuomo, decrying the move to increase the minimum
wage for fast - food workers to $ 15 «lunacy» and a way to apply political
pressure to opponents.
Cuomo faced
pressure from the left in his party to further increase the state's minimum
wage for non tipped workers.
Senate Democratic Leader John Sampson is stepping up
pressure for the legislature and the governor to act to increase the state's minimum
wage form the current $ 7.25 an hour to $ 8.50 an hour.
Stuart Appelbaum, president of the RWDSU, thanked de Blasio
for expanding living
wage while
pressuring him to support a bill to be introduced in the Council that would disallow developers from retaliating against workers who unionize on projects covered under the living -
wage law.
SYRACUSE, N.Y. —
For Gov. Andrew Cuomo and New York State Legislature leaders, the
pressure will mount Monday as they negotiate a state budget deal, and decide whether it will raise the minimum
wage to $ 15 an hour.
It would
pressure other low -
wage industries to raise their wages and encourage low -
wage workers to continue pushing
for better pay.
Combine those issues with rising
pressures to boost school funding, reform the criminal justice system, address the minimum
wage rate and pay
for a new Tappan Zee Bridge - well, it's a recipe made
for behind - the - scenes deal - making in a Capitol where trading political chits has become an art.
Cuomo's increasing of the minimum
wage for state government workers could increase the
pressure on private businesses and local governments to hike wages.
Kramer recommended that more emphasis and
pressure should be placed on fathers and their ability to pay child support and spousal maintenance; raising the minimum
wage to a living
wage; and providing similar benefits and rewards
for part - time work as the ones full - time workers get.