Crypto Regulation, Supply Chain Constraints, Labor
Bloomberg Intelligence
00:00
Is That Going to Lead to Price Wage Spiral?
A number of things have changed. Capital had the upper hand since the 19 eighties. It's shifting back to the direction of labor. This is a catch up for wages that really have been far too low. When you have an economy operating at pretty close to full capacity, well guess what? A limited commodity has pricing power. And in this case, that limited commodity commodity is labor.
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