by Summary:
If we get inflation, it could be minus wage pressure across the board but only in places were the labor supply is short. Ordinary workers may not see much relief in the expansion, replicating their situation in the long and slow recovery period, owing to structural shifts in the economy — downsizing, offshoring, automation and robotics, etc.Asia TimesThere ain’t-a no Phillipsy Curve, once again David P. Goldman
Topics:
Mike Norman considers the following as important: Phillips Curve
This could be interesting, too:
If we get inflation, it could be minus wage pressure across the board but only in places were the labor supply is short. Ordinary workers may not see much relief in the expansion, replicating their situation in the long and slow recovery period, owing to structural shifts in the economy — downsizing, offshoring, automation and robotics, etc.Asia TimesThere ain’t-a no Phillipsy Curve, once again David P. Goldman
Topics:
Mike Norman considers the following as important: Phillips Curve
This could be interesting, too:
Barkley Rosser writes Is The Downward Sloping Phillips Curve Back?
Matias Vernengo writes On the irrelevance of inflation expectations: the return of the working class
Mike Norman writes Is There Really A Trade-Off Between Inflation And Unemployment? — Brian Romanchuk
Mike Norman writes Is There a Relationship between Inflation and Unemployment? — Menzie Chinn
Asia Times
There ain’t-a no Phillipsy Curve, once again
David P. Goldman