U.S. economy could face bottlenecks, wage, and price pressures as labor demand outpaces supply according to the Wall Street Journal.
According to the article:
"U.S. employers might have trouble hiring workers fast enough in coming months to keep up with the projected burst of economic growth.
Consumer spending at restaurants, hotels and salons is already starting to take off as the grip of the Covid-19 pandemic eases and more people get vaccinated and draw on their stimulus checks and savings.
But many economists expect economic activity to pick up faster than payrolls, at least initially, for several reasons, causing bottlenecks and wage pressures. "
SOURCE: THE WALL STREET JOURNAL read more at wsj.com