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Monetary Politics w/ Tim Barker

The Dig

CHAPTER

Is There a Wage Price Spirale in the Service Sector?

Is it because he is personally upset with paying more for a Chipotle burrito or is it because that's where there's been actual upward pressure on wages? It's funny you mentioned the personal thing. But I think more seriously, what Powell would say is you're seeing wage pressures there. We can also add that services are just a huge part of the economy, right? There's far more of that than there is manufacturing now.

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