Employers who complain about a shortage of suitable jobcandidates but have not raised wages to woo them are “whining,”according to a Federal Reserve official.
HR Dive reports that Neel Kashkaria, president of the FederalReserve Bank of Minneapolis, was not sympathetic to employers at aSioux Falls, South Dakota, Rotary Club meeting. Instead, the reportsays he told them, “If you're not raising wages, then it justsounds like whining. Are any of you planning to raise wages in thenext year or two? Or are you just complaining about you can't findworkers?”
Kashkari is a voting member of the Fed’s monetary policycommittee. He has been on the side of lower interest rates,according to a report in the Washington Examiner, having arguedthat “the relatively slow wage gains of recent months indicate thatthe economy isn’t fully healthy.”
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