Inflation gets nailed

Hage, David
May 1994
U.S. News & World Report;5/23/94, Vol. 116 Issue 20, p53
Examines how America's slow wage growth has hammered away at prices. Comments by economist Joel Popkin on how the economy has changed since the 1970s and 1980s, when wages chased prices in a self-sustaining upward spiral; Inflation forecast built around wage behavior by economists at the WEFA Group; Economist James Medoff's view that the demand for work remains far higher than the supply of jobs.


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