Re:Study identifies reasons for soaring nuclear plant cost o...
by throw0101a on Friday November 20, 2020 @03:22PM
(#25164527)
> This explanation doesn't really hold water.
During the 2010-2019 US recovery wage stickiness was noticed, even with everyone complaining about not being able to find qualified workers. Companies were very reticent about increasing wages, often preferring to go with signing bonuses.
It is suggested that this reticence/stickiness was because after 2008-2009 GFC many places were stuck with high wages (from the previous boom), and getting people to cut their salaries was almost impossible.
During the 2010-2019 US recovery wage stickiness was noticed, even with everyone complaining about not being able to find qualified workers. Companies were very reticent about increasing wages, often preferring to go with signing bonuses.
It is suggested that this reticence/stickiness was because after 2008-2009 GFC many places were stuck with high wages (from the previous boom), and getting people to cut their salaries was almost impossible.
* https://www.investopedia.com/terms/s/sticky-wage-theory.asp
* https://en.wikipedia.org/wiki/Nominal_rigidity