[3 minute read] Here's a tangible example of the inflationary dangers of the Wage-Price Spiral. This is what's keeping the Federal Reserve on edge despite free-falling inflation.
Thanks for the concise article on WPS, learned a lot!
I'm curious to see any data on the labor shortage by sector + sector employment geographical centers (e.g. Bay Area known for Tech, etc.) Tech has been ravaged with layoffs (usually growth sectors go first whenever there's economic uncertainty/downturn) and will be interesting to see if this will continue to reverberate through the real economy or net shortage continues. Either way, looks like big adjustments are in order.
Thanks for the concise article on WPS, learned a lot!
I'm curious to see any data on the labor shortage by sector + sector employment geographical centers (e.g. Bay Area known for Tech, etc.) Tech has been ravaged with layoffs (usually growth sectors go first whenever there's economic uncertainty/downturn) and will be interesting to see if this will continue to reverberate through the real economy or net shortage continues. Either way, looks like big adjustments are in order.