Why are they complaining about having to pay more money to attract and retain people? Because investors and Wall Street firms see higher wages as a drag on profit and growth rather than a raising up of people's living standards.
There used to be multiple people applying for every job. Not any longer. Now, there's barely more than one job seeker for every job opening. Keeping good employees around is harder, and businesses from Silicon Valley tech hubs down to coffee shops are increasing pay to attract and retain workers.
As a side note, as Marissa Mayer prepares to depart Yahoo! after four years of marching in place, she stands to reap a $219 million golden parachute yet no one on Wall Street is complaining about that drag on profits.
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