Korn/Ferry CEO Says It's a Full Employment Market

The video discusses the current state of wage pressure and employment, highlighting that the advantage is with employees due to a decade-long cycle of wage growth. It examines wage distribution across different employee classes, emphasizing the importance of skills in a skills-based economy. The discussion also covers the impact of wage pressure on inflation and real wages, noting that real wages are not rising as expected. The video explores productivity in service industries and the mismatch between skills and job openings. Finally, it addresses full employment and the potential for a recession.

What is the current wage growth rate mentioned in the video?

• 2%

• 5%

• 3%

• 4%

Which sector is primarily experiencing wage pressure due to difficulty in finding workers?

• Manufacturing

• Agriculture

• Retail

• Better-paying jobs

What is a significant issue for the country despite wage growth?

• Increasing taxes

• Decreasing employment

• Stagnant productivity

• Rising inflation

Which industries are seeing a rise in productivity according to the video?

• Construction

• Manufacturing

• Healthcare and professional services

• Retail

What is the potential outcome once full employment is reached, based on historical trends?

• Deflation

• Stable growth

• Recession

• Economic boom