Workers are moving between jobs more rapidly than in the past, putting upward pressure on wages. In a market with more job openings than workers, the competition to fill vacancies is leading to rapid wage gains now, and the resulting salary compression may lead to further upward wage pressures in the future.
Greater priority should be accorded to investing in and developing our human capital so that they can make a meaningful contribution to our country. Conclusion In conclusion, as I have stated earlier, 2018 was a favourable year for the economy. While the forecasts for the years ahead are positive, the projected growth is still not enough to sustain our growing population.