Wesfarmers Limited
(ASX:WES) chief has reportedly cautioned that competition for labour is increasing and putting pressure on wages.
According to News Corporation, Richard Goyder revealed its chemicals business was losing educated labour such as engineers to rival companies who are prepared to pay more.
Coles was also suffering staff losses to the resource sector where better wages can be found.
Mr Goyder says, Western Australia is an example of over demand and under supply of labour and suggests better labour mobility could improve inflationary pressure on wages.
In the first half of the 2012 financial year, Wesfarmers generated a net profit $1.2 billion.
