Market dynamics and public policies shape prices, wages and jobs. In both brief instances, wage growth started rising, only to be halted by a global economic disruption. It’s true wage growth eclipsed inflation in 1974-75 and 1979-1981, coincident with the inflationary hits of the oil-price shocks. Wages, prices and unemployment are at the heart of how we navigate our futures. The next chapter of this story of inflation and wage growth could be the gift we give each other in 2023.

Source: thestar December 22, 2022 22:02 UTC