Blanchflower, David G.; Bryson, Alex; Spurling, Jackson - National Bureau of Economic Research - 2022
infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and …, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … and those out of the labor force who are not working significantly reduce wage pressures in the United States. This …