Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

Economist warns: HIRE now before wages spike #WageGrowth

Name: Economist warns: HIRE now before wages spike #WageGrowth
Uploaded: 2025-04-14T19:40:58+00:00
Duration: 37 s
Channel: Tom Burton
Description: Transcript excerpt from an Industrial Supply Association meeting describing economist Taylor St. Germain’s warning that tax breaks will enable wage…

14 Apr 2025 · 1 min

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Transcript excerpt from an Industrial Supply Association meeting describing economist Taylor St. Germain’s warning that tax breaks will enable wage increases. He advised firms to hire heavily in 2025 to lock in workers before wage growth accelerates, and noted that keeping existing staff can partially offset incoming wage pressure.

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The next presenter that we had at the Industrial Supply association meeting was Taylor St. Germain, an economist. And what he was talking about was wages will increase because they'll be able to. Because of tax breaks, wages will be able to increase. Those will offset these increase in costs. His comment to people like you and I were do all the hiring you can in 2025 because wages are going to increase for those people out looking for jobs. And if you have some people already in and working, you'll probably be able to offset a little bit of that.