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Patrick Perret-Green: China Will Export Deflation, The U.S. Labor Market Is Softening (For Real This Time)
Forward Guidance
The Impact of Wage Growth on Economy
The wealthy are responsible for the bulk of consumer spending, but it's the marginalized individuals who often suffer first when there are cracks in the economy. Rising unemployment rates, inflation, and wage growth are key factors to monitor. The current wage rates, according to the Indeed hiring lab, have decreased to around 3% in various regions.
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