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Political Discussion
Reply to "Wage growth in the U.S. is skyrocketing"
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[quote=Anonymous]This combined with inflation will lead to a recession. Businesses can only absorb so much of the double whammy of rising wages AND rising costs. Rents are up significantly, especially warehouse rents, wages, energy costs, food costs, gasoline, etc. At some point, businesses will have to start laying off employees, as labor is the highest cost for a business, and there is not a whole lot they can do to cut back on food costs if they are running a restaurant or gasoline costs if they are a landscape business, for example. Many indicators/financial analysts say this upward pressure on business say a pretty significant recession is on the horizon. [/quote]
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