Which Wage
02/20/2020 |
A key question in 2020 will be whether the inevitable slowdown in job growth is primarily the result of a reduction in the supply of workers or a reduction in the demand for labor due to weaker business sentiment. If it’s the former, wage growth might re-accelerate, boosting inflation; that would be good. But if it’s the latter, wage growth would soften further, hurting household spending; not good.