I don't know how anybody is making it with these numbers
They’re not getting by - they’re drowning in debt… https://t.co/kIFUnO9rof
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 21, 2024
They’re not getting by - they’re drowning in debt… https://t.co/kIFUnO9rof
— E.J. Antoni, Ph.D. (@RealEJAntoni) June 21, 2024
Blue-collar wages are rising but employers still can’t fill open jobs.
Democrats and many Republicans complain that U.S. corporations are raking in huge profits as blue-collar jobs disappear. The reality is the opposite, a new Conference Board business survey reports. Corporate profits have been declining as employers increase wages to hire scarce blue-collar workers, but hold the champagne. Eighty-five percent of blue-collar businesses report recruiting difficulties versus 64% of white-collar employers. One reason is the working-age population without a college degree is shrinking as baby boomers retire and more young people enroll in college. Labor participation among 16- to 24-year-olds has fallen 10 percentage points in two decades.
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