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Employees have pricing power, which is why wage growth is running far ahead of what's consistent with 2% inflation. The labor market tends to be tightest befor
by adam_arthur 4y ago
Employees have pricing power, which is why wage growth is running far ahead of what's consistent with 2% inflation.
The labor market tends to be tightest before a recession because it forces the Fed to hike until it breaks.
https://www.atlantafed.org/chcs/wage-growth-tracker https://www.atlantafed.org/chcs/wage-growth-tracker