What's Brewing on the Horizon?
The Dispatch Podcast
00:00
Is the Federal Reserve Thinking About Wage Growth?
All wages, wages not adjusted for inflation are currently growing at about 5% a year. That is about 2 percentage points faster than the pace of wage growth prior to COVID. Whenever wages are growing at 5%, the inflation rate is generally growing about 3.5% or 4%. The best scenario is if businesses become much more productive than they can afford to give workers higher raises without that much inflation.
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