> although some fear that inflation will climb if the jobless rate is that low AFAIK the reason why inflation climbs when the jobless rate is very low is becau

> although some fear that inflation will climb if the jobless rate is that low AFAIK the reason why inflation climbs when the jobless rate is very low is because with few jobless the cost of labor usually increases, and THEN prices increase to reflect higher costs. But if there are no wage increases, there is no reason for a low jobless rate to increase inflation...