doug, what evidence do you have that labor markets are tight. Are wages (excluding CEO salaries and the like) squeezing profits?
On 2/4/07, Eugene Coyle <[EMAIL PROTECTED]> wrote:
Well, that's really my question "Do we really have tight labor markets?" Not in the construction trades, not in manufacturing -- just where are these labor shortages? Just in the MBA ranks? I guess mine isn't a question but rather an assertion: We don't have tight labor markets. Gene Coyle On Feb 4, 2007, at 6:36 PM, Doug Henwood wrote: > On Feb 4, 2007, at 6:17 PM, Eugene Coyle wrote: > >> I keep reading in the financial press that the Fed is worried about >> inflation. Then the articles go on to explain that because of tight >> labor markets, the Fed is worried about inflation. >> >> I accept that the Fed is worried about inflation -- it >> always is -- >> and embraces that worry. But isn't the source of the current worry >> different from tight labor markets? > > It's probably tight labor markets. The Fed doesn't like it when the > unemployment rate gets too low. In the late 1990s, productivity > growth was strong - now it's not. > > Doug
-- Jim Devine / "The truth is more important than the facts." -- Frank Lloyd Wright
