Help Wanted: Persistent labour shortages may prove a bittersweet victory for workers

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Help Wanted: Persistent labour shortages may prove a bittersweet victory for workers
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Workers are set to to see pay gains, but will they be any better off than when wages were suppressed? Read Kevin Carmichael\u0027s latest.

Record job vacancies show labour is about to take its revenge. Victory might be bittersweet.Sign up to receive the daily top stories from the National Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc.

Those changes were good for profits, but they were also good for prices — after surging to double digits in the 1970s,has been stable around two per cent since the early 1990s. We started buying more goods and services than ever. Household consumption consistently represented about 50 per cent of GDP until the mid-2000s, and then it broke higher.

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