Hmmmm maybe there is really something to "supply and demand!" after all I might have to take it all back. (No just kidding...)
Get used to this type of story and imo the Fed is not going to like this trend in wages and should just go right to their monetarist playbook and raise the risk free rate and thus antagonize Trump; gonna get interesting.
BTW, this nascent trend of increasing wages was able to be picked up months ago by observing trends in withholding taxes in the DTS.
Christopher Ranch, which grows garlic on 5,000 acres in Gilroy, Calif., announced recently that it would hike pay for farmworkers from $11 an hour to $13 hour this year, or 18%, and then to $15 in 2018.
the effect of the move was immediately obvious. At the end of last year, the farm was short 50 workers needed to help peel, package and roast garlic. Within two weeks of upping wages in January, applications flooded in. Now the company has a wait-list 150 people long.
This garlic farm went from a labor shortage to over 150 people on its applicant waitlist https://t.co/kjtBFciN7v pic.twitter.com/RSXNTMrXoC— Civil Eats (@CivilEats) February 11, 2017