The Jobs Market Is Not Falling Apart, Is It?

The era of five days in the office is over. We are now in the office some period less, he says. The Fed has printed 300,000 jobs every month and we have a 3.7% unemployment rate. That's leading to wage growth of 5% a year,. So you're getting a 5% raise, more like 7 or 8 if you switch your job, more like 3.5% for if you keep your job. If that's really what we're having, a 5% wage world, we can afford 5% inflation. Companies are bidding for workers. The era of cheap labor is over. And then cheap energy too, I think. Zoltan:

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