3 ms·
wages will definitely (okay, very very likely) rise, because there is just such a huge gap in jobs and workers. graph here: https://twitter.com/jasonfurman/sta
by pas 4y ago
wages will definitely (okay, very very likely) rise, because there is just such a huge gap in jobs and workers.
graph here: https://twitter.com/jasonfurman/status/1598042298717155329 https://twitter.com/jasonfurman/status/1598042298717155329
https://www.federalreserve.gov/newsevents/speech/powell20221130a.htm https://www.federalreserve.gov/newsevents/speech/powell20221...
- bumby 4y agoI think the larger point I was getting at is that current inflation may not be attributed to wage inflation. I’m not discounting that future inflation may come from increased wages, just that it doesn’t seem to be the whole story in the current scenario.