Jul
31

Pittance Pay

lowagesAbsent wage growth, it’s not possible to have sustained economy wide inflation. This is because it’s only increasing wages that allow people to continually pay more money for goods and services. If wages don’t rise, price for individual items can rise, such as gasoline or wheat due to geopolitical or weather factors, but continual economy-wide price increases are not possible. So, follow wage increases to get insight into inflation.

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