Should-Read: Neel Kashkari: Fed official: Businesses should raise wages before complaining of worker shortage

Shpould-Read: Neel Kashkari: Fed official: Businesses should raise wages before complaining of worker shortage: “Common refrain… we have jobs available, but simply can’t find qualified workers to fill them… http://www.businessinsider.com/fed-official-businesses-should-raise-wages-before-complaining-of-worker-shortage-2017-8

… Economists, including top Federal Reserve officials, lend credibility to this dubious claim by arguing there is a “skills gap” among US workers that is preventing firms from finding employees with the right backgrounds. However, ample research and basic common sense suggests that wage stagnation… is a symptom of an anemic labor market, not a fully recovered one. Credit to Minneapolis Fed President Neel Kashkari for pointing that out during a speech to business leaders on Monday. “If you’re not raising wages, then it just sounds like whining,” he told a group of business people at a Rotary Club meeting in Sioux Falls, S.D…