Labor wages won't outpace inflation when the money supply keeps getting pumped up thanks to low interest rates. Raise the rates and wage growth will start to outpace inflation again.
Again you’re making an argument recent history refutes. Wage growth was the best when interest rates were lowering from the mid 80s to late 90s. Wage growth stagnated in the early 2000s. This was also when mass immigration had time to ramp up considerably and by the 2010s was in full momentum.
Labor wages won't outpace inflation when the money supply keeps getting pumped up thanks to low interest rates. Raise the rates and wage growth will start to outpace inflation again.
Again you’re making an argument recent history refutes. Wage growth was the best when interest rates were lowering from the mid 80s to late 90s. Wage growth stagnated in the early 2000s. This was also when mass immigration had time to ramp up considerably and by the 2010s was in full momentum.
After a period of high interest rates*
After a period of massive economic stagnation and a recession…