Do You Think We're Into a Wage Price Spiral?

The recent tightness in the labor market is now translating to rapidly rising wage growth. I think with such an low on employmn rate, i'm of the view that we may be bumping up against these natural constraints. We're still seeing those not in the laber force stabilize at these levels. There's at work for sets potential there, but it's not really moving in terms of, you no, further declining.