AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
5min snip
Will Risk Assets Keep Rallying Into 2024?
Real Vision: Finance & Investing
The Influence of Wage Inflation and Demographics on Labor Market
Inflation is expected to reset to a higher level with nominal growth and long-term interest rates also increasing. Wages play a crucial role in determining inflation levels, with a 4-5% wage growth suggesting inflation in the same range. The current labor market dynamics, influenced by demographics such as retiring baby boomers and a smaller Gen Z workforce, are creating a shortage of workers and giving employees more bargaining power. The reduced impact of labor arbitrage due to shifts away from outsourcing to countries like China is leading to a scenario where unions regain power and employers have to share more profits with employees. This shift is evidenced by the increase in work stoppages and strikes, signaling a reevaluation of the value of labor compared to capital in the broader economy.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode