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Strategies & Market Trends : Trading the SPOOs with Patrick Slevin!

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To: coug who wrote (1132)11/5/1999 9:10:00 AM
From: SE  Read Replies (2) of 7434
 
coug,

You know, the low wage growth thing...I don't get it? There are ads on the radio looking for workers. We need people for tax busy season and usually get 20 resumes. They have been declining the last couple of years and this year we have two spots to fill and have received one resume.

If workers are that scarce how long can wage inflation be kept minimal????

Isn't going to happen. And once employers start paying more.....doesn't that drive everything else up? I know our fees would rise if we had to pay the employees more and since no one is available to work we will have to pay more to get people in to work for us.

Vicious cycle, isn't it?

-scott
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