Just as stagnant to declining real wages are set to rise, the inflation genie is let out of the bottle, regardless of persistent high unemployment, underemployment, historically low participation rate, high capital to labor share, and good jobs being replaced by worse jobs. Beware. Capitalism at work.
3 comments:
And that's a bad thing?
Wage inflation is a good thing.
I wouldn't call it wage inflation. It's just real wages catching up.
Assets "appreciate," but prices and wages "inflate." Loaded language.
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