Inflation: Here Today, Gone Tomorrow?
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Are We Going to Continue to See Double Diget Increases in Wages?
We are somewhat more concerned than we were a few months ago, just because the data have ted in that direction. I think it's very unlikely that we're going to continue to see double diget increases in wages at the bottom end of the pay scale. There is still slack in the labor market. But i would expect that some of the weakness, in particular from early retirements, is going to be lastthing.
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