The Real Economy: Volume 47
Labor shortages pose long-term challenge for middle market
THE REAL ECONOMY |
Unemployment in the United States is at its lowest level in 30 years. Jobless claims are near a 50-year low, and the number of employed adults is at an all-time high. But for the middle market, these historic numbers are creating significant growth challenges affecting everything from holiday hiring on the retail side, to commercial and residential housing construction, transportation, manufacturing and professional services.
In this issue of The Real Economy, we examine the ongoing issues facing employers and employees, including the effects of wage stagnation and the Phillips curve, tariffs and trade tensions, opportunity zones and the investment choices in human capital that companies and the government could be making. Download the full report.
IN THIS ISSUE
The benefits of low unemployment may be offset by ongoing wage stagnation and a rising number of low-skilled workers who are left behind.
The link between rising levels of employment and wage increases is a closely tracked economic observation known as the Phillips curve.
Middle market businesses are already feeling the negative impact of tariffs. RSM answers some key FAQs and outlines next steps.
Specially designated districts designed to fuel economic growth where development has been stagnant offer investors tax-saving options.