You are here

Slowdown in labour growth a boon for US workers

Companies will have to pay a premium in the future to get the people they want with the skills they need to keep expanding their businesses
Wednesday, July 29, 2015 - 05:50
BT_20150729_KVLABOUR29_1796891.jpg
In trucking, young drivers aren't joining fast enough to replace retirees, while federal regulations bar entry for those under 21. For the US as a whole, the labour force has grown just 1.6 per cent since the recession ended six years ago.

Washington

AMERICAN workers may be on the cusp of grabbing a bigger bite of the economic pie after decades of getting fewer and fewer crumbs.

A significant slowdown in labour-force growth in the US, China and elsewhere will put a premium on finding workers in the years ahead.