General Discussion
In reply to the discussion: How Trucking Went From One of the Best Jobs in America to One of the Worst [View all]Johnny2X2X
(24,441 posts)We're seeing record wage growth right now because the entry level jobs are being forced to pay more. And this has an effect on all labor compensation. If Costco is paying $18 an hour, the factory worker down the road isn't going to break his back for $19 an hour when he can get a job at Costco. He'll need $24 an hour to do that work. And if the factory worker is now demanding $24 an hour, the electrician in that factory isn't going to do their job for less than $30 an hour, otherwise why go through all that trouble of learning a skill when $24 an hour was available for anyone.
What we're seeing right now is great for the working class, it's the first time in my lifetime employers had to compete for labor to this degree. Workers are finally seeing real gains. These gains are why the ruling class is screaming about inflation that is still not even 5% for the year, they want workers to think they're the cause because they got a raise.