teenagers: Slackers: Putting the slack in our "tight" job market
- 06/25/07 01:44 AM
Looking ahead to this week's meeting of the Federal Reserve Board governors, speculation has moved past current inflation (with last week's release of the Philly Fed data, showing the "core" consumer price index for May down in the 1% range) to where inflation is going to be a year from now.With unemployment figures low, the theory goes, continued growth in the economy will lead to wage inflation -- if there aren't additional workers, new jobs will have to pay more, which leads current jobs to pay more in order to retain current employees.) Positive wage inflation leads to higher short and … (2 comments)
Looking ahead to this week's meeting of the Federal Reserve Board governors, speculation has moved past current inflation (with last week's release of the Philly Fed data, showing the "core" consumer price index for May down in the 1% range) to where inflation is going to be a year from now.With unemployment figures low, the theory goes, continued growth in the economy will lead to wage inflation -- if there aren't additional workers, new jobs will have to pay more, which leads current jobs to pay more in order to retain current employees.) Positive wage inflation leads to higher short and … (2 comments)
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