The Conference Board has published “Help Wanted”, a report that highlights the increased labor shortages in manufacturing, technology, and small business industries. This labor shortage is a direct result of the county’s low unemployment rate of 5%. Employers have been struggling to find qualified employees that suit their business’ needs, which economist Gad Levanon believes will result in higher compensation for those who fulfill these needs. Contrastingly, employers may begin to hire less-qualified workers and put more effort into training programs to get their skills up to par.
See "15 years of labor shortages predicted for the U.S. economy", Mitchell Hartman, Market Place, April 20, 2016