>>Employment will be fine. Wages will be the problem.<<
That means we can expect deflation.
>>Employment will be fine. Wages will be the problem.<<
“That means we can expect deflation.”
I should have specified “political problem” for Biden. The $15 an hour thing may become a flashpoint. I’m pretty sure Kamala was all for it but Biden is backing away.
Don’t see deflation in the cards for a while, the other income classes and FED policy and govt spending will more than make up for the low-skilled workers.