/PRNewswire/ KPS Capital Partners, LP ("KPS") announced today that it has entered into a definitive agreement to acquire a controlling equity interest in.
we are manufacturers, industrialists on the global basis. we have never seen collective bargaining agreement wage settlements like we have seen in the last 12 months. these are really unprecedented at least in professional lifetimes and structural. there s no question today we are in a wage price spiral. inflation initially was about energy and then it was about commodities but wages constitute most of the spending by employers in this economy in this country and we are in a wage price spiral. mike: michael psaros from kps capital, thrilled to have you. i look forward having you back. thank you, mike, merry christmas. mike: more than 73,000 illegal immigrants evaded border patrol agents in november. the highest number of got aways ever recorded more on the overwhelmed and overworked agents at the border after the
as south carolina is. and you look at south carolina, it is microcastm of this country. mike: lucas tomlinson live on the north lawn. more on state of the economy and impact on americans, my next guest runs private equity firm kp equity partners, portfolio companies operate 230 manufacturing facilities across 27 countries and have approximately 53,000 employees. joining me live is michael, cofounder and managing partner of kps capital partners. michael, thrilled to have you. thank you very much, mike. mike: let s start with president biden s reaction to the monthly job s report and i will get you to react to it. the gdp is up even more than previously thought. we continue to create lots of jobs and today we ve learned