Wages Will Go Up, Though Employers Don’t Know It Yet

The ratio of job openings to actual hiring is wider now than at any time since 2001, when those numbers were first tracked. Employers should have no problem hiring, but they aren’t will to pay for the skills they’re searching for, and workers are less desperate than they were during the nadir of the economic recession. “After years of stagnant wages, workers aren’t prepared to accept these jobs on the terms they are being offered,” writes Neil Irwin in the The New York Times. “[I]n the standoff between businesses that want high-skilled workers for minimal pay and workers who want to see raises, one side has to give.”