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The central bank watches for signs of wage inflation because it can drive price inflation.
Joseph Lettieri, co-owner and operator of InnBuffalo off Elmwood, almost sold the hotel in 2020. Now, it’s the busiest it’s ever been.
Seemingly contradictory economic indicators make people nervous, but they’re not sure what to do about them.
The approach is rare in the U.S., but common in other industrialized countries.
In an excerpt from “The Fight to Save the Town,” the author describes how residents get by in an Oregon county with a declining government.
It’s all about reducing the demand for labor.
Withholding information about pay during the hiring process? In this economy?
That may be a sign that the overheated job market is cooling down.
Apple is the latest big employer to announce it’s hiking hourly pay. The market for in-person work is especially competitive.
Wages are rising fast, but not as fast as prices. When inflation expectations drive workers’ demands for higher pay, inflation can spiral out of control.