EconoMeter panel takes a Labor Day look at employment outlook
Q: Will the employment picture improve enough to get a high-paying job with good benefits in the months ahead?
Bob’s Answer: YES
However, high paying and good benefits are relative terms. Given the economic headwinds and where we stand in the economic cycle, there is an expectation that wages will finally begin to rise after their lagging performance since the Great Recession. Hard work deserves to pay off and the economy is finally at a point where workers should reap the rewards, but the “sharing economy” and “on-demand” services may disrupt traditional employment.