I understand the business implications of a higher cost for labor and that the primary intent of the advisory is positive, but yikes, this perspective is so pro-business that it reads like a caricature.
Heavens -- can't let <i>that</i> happen, now can we?<p>Someone better think of a way to nip this trend in the bud, before things... get out of hand.
Many comments are painting this as a bunch of monocle wearing old money aristocrats lamenting the peasants demanding more.<p>In reality what the report is saying is this: businesses are having to hire more people at higher wages <i>without the corresponding increase in earnings.</i> Earnings in excess of costs is the point of equity markets. Ignore that and you have Venezuela. The evil capitalists that you all describe would happily double worker wages if it meant doubling earnings.
This makes me feel dirty for being an index investor. I want my index funds to make me money, but not at the expense of American workers' quality of life.
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