The aftermath of the pandemic and the subsequent economic recovery has raised several questions. Arguably the most salient has been the search for explanations for the rising inflation. The immediate and most widely discussed explanation was the wage-price spiral - where wages pressures upward entrench inflation. This was corroborated by the labour market tightness as the pandemic restrictions eased and demand rocketed. There were some signs that this was leading to higher wages.
Greedflation - it's not wages, but profits!
Greedflation - it's not wages, but profits!
Greedflation - it's not wages, but profits!
The aftermath of the pandemic and the subsequent economic recovery has raised several questions. Arguably the most salient has been the search for explanations for the rising inflation. The immediate and most widely discussed explanation was the wage-price spiral - where wages pressures upward entrench inflation. This was corroborated by the labour market tightness as the pandemic restrictions eased and demand rocketed. There were some signs that this was leading to higher wages.