Surveillance: Persistent Inflation with Li
Bloomberg Surveillance
00:00
Is There a Wage Spirale in Virginia?
There is a real wage inflation challenge. These wages are growing, but they're not growing as fast as inflation and the cost of living. This is why we have to get people back into the labor force. We've seen labor participation drop substantially. In Virginia, we were up near 67 percent prior to the pandemic,. Unfortunately, we dropped and we're in the 63.5 percent of just now.
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