Nonetheless, AllianceBernstein sees continued pressure on wages to persist. After all, the unemployment rate is currently at a relatively low 4.9%, and many smaller companies say it is difficult to find suitable workers for the current job openings. Competitive pressures to retain and attract talent are illustrated by recent salary levels released by major employers such as JPMorgan and Starbucks. It is true that technology and global factors may have a negative impact, but supply and demand trends in the domestic market will lead to faster wage growth. In fact, it wouldn't be surprising if the 4% salary growth figure of the previous cycle could be reached in this cycle, but it could take years to get there. The point is, Alliance Bernstein believes that "anything that doesn't last will have to end one day." This timeless economic theory.
But the economic and financial conditions that were common at the end of a growth cycle are now all but absent. So there is a good chance that the U.S. growth cycle will continue for several more years, but there is also a major warning sign: one must always be on the lookout for the unintended consequences of unconventional monetary policy, for which no precedent number list in history can provide guidelines. See more ABfunds research reports: www.ABfunds.com.tw Or hear what AllianceBern has to say: www.youtube.com/abfunds Risk Statement Lianbo Investment Trust is independently operated and managed. Alliance Bernstein Securities Investment Trust Co Xinyi Road, Taipei City 110. The information contained in this document reflects the views of Alliance Bernstein as of the date of preparation of the document listed and is obtained from sources believed by Alliance Bernstein to be reliable. However, Alliance Bernstein makes no representations or warranties as to the correctness.
Information in this document, nor does it warrant that any estimates, forecasts or opinions based on such information will be realized. The opinions expressed here may be changed at any time after the publication of the document. The information in this document is for informational purposes only and should not b