Mikihiro Matsuoka on Japan Inflation, BoJ Outlook and Debt Problems
Macro Hive Conversations With Bilal Hafeez
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Nominal Aggregate Wages, That's the Total Wage
A large part of this has come from a live in employment, which is a green line here. That's grown for the most out of the, say, that seven years or so on a steady basis. And if we want more wages, then the labor share will have to rise harder and probably at the expense of the profit margin of the companies. I wonder if this is a bit difficult to achieve, because we are already facing a rising labor share.
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