Nov 7, 2022 1 min read

Dr Ed's Video Webcast 11/7/22

Dr Ed's Video Webcast 11/7/22

For a variety of reasons, there’s a severe mismatch between the demand for and supply of labor in the US. That’s created a maelstrom in the market, with extraordinary levels of turnover: One third of payroll employees have quit their jobs over the past 12 months, most for higher-paying ones. That’s driving up wage inflation and driving down productivity.

Below is exclusive early access to Dr Ed's Webcast for paid members. This post and video will open to the public on a later date.

But we still expect productivity to recover this decade as businesses react by investing in productivity-boosting technologies—our “Roaring 2020s” scenario. … While the latest data show some moderation in wage inflation, it probably won’t continue to moderate sustainably until turnover subsides.

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