Middle market faces tight labor market
Wage pressures to intensify as economy moves to full employment
THE REAL ECONOMY |
In this issue of The Real Economy, I take a look at how a tight labor market is affecting the middle market. Businesses are facing sometimes significantly higher wage costs due to low unemployment and demographic shifts. To combat this challenge, RSM Partner Jim Cashin takes a look at how some firms are using outsourcing to offset rising labor costs. Also in this issue, RSM’s Ben Wasmuth and Jamison Sites from Washington National Tax take a look at President Donald Trump’s proposal for a border adjustment tax; what it is, and what the impact will be under several possible scenarios.
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