for wage growth are the non-employment rate and the under-employment rate. Both are high and act as brakes on wage growth …Central bankers are raising interest rates on the assumption that wage-push inflation may lead to stagflation. This is … not the case. Although unemployment is low, the labor market is not 'tight'. On the contrary, we show that what matters …

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 formation in the USA and hasn't been since … prefer more hours) and the rate of non-employment which includes both the unemployed and those out of the labor force who are …

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 formation in the USA and hasn t been since … prefer more hours) and the rate of non-employment which includes both the unemployed and those out of the labor force who are …

, prior to that, real wages had been stagnant for some time. We show that unemployment is not key to understanding wage … infer from this that there is potential for wage-push inflation. However, real wages are falling rapidly at present and … workers with part-time hours who would prefer more hours) and the rate of non-employment which includes both the unemployed …