Quote:
Originally Posted by 8gv
A business cannot pay wages that cause an operating loss.
When higher wages are paid prices must rise.
How much is one willing to pay for a Subway sub?
Some businesses have enough demand to post significant price increases to pay for higher wages and still be busy.
Some cannot do so.
I suspect that employers have been complaining about the scarcity and high cost of labor since the dawn of civilization.
In our current time, the government is serving as a staffing competitor.
My macro view is that I get to pay inflated prices, employers get extra heart burn and my grandkids get a huge tax bill.
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The inflated prices due to labor isn't based on any government program. The State of NH is paying people to go back to work... we simply do not have that many unemployed in our area, Meredith and Moultonborough are considered rural with lower population, and other employment opportunities are calling.
I think that too many think that NH was going to be cheap living... SURPRISE!
Also, not a new thing for the area... just another cycle.