3 ms·
> price increases for labor will always lag price increases of capital Let's also keep in mind that that is a policy choice, because it's necessary to dislodge
by dnautics 7y ago
> price increases for labor will always lag price increases of capital
Let's also keep in mind that that is a policy choice, because it's necessary to dislodge workers off their sticky wages and some sort of mumbo jumbo about the Phillips curve.