Sacks says real wage growth is now 1% positive compared to negative during most of Biden presidency.
“You had 3.7% wage growth this year versus 2.7% average inflation, so you have a net 1% wage growth. During most of the Biden presidency, it was negative.”
Sacks says AI infrastructure boom caused blue collar trade wages to increase 25-30% due to worker shortage.
“Wall Street Journal had a really good article about this. The construction industry is seeing a ton of demand.”