The labor market will set inflation on a 'rollercoaster' that will weigh on stocks and the economy, BlackRock says
www.businessinsider.com
"We believe this structural labor shock is poised to take over as the driver of inflation as the pandemic-driven spending mismatch unwinds."
  • zifnab25 [he/him, any]@hexbear.netEnglish
    0·
    1 year ago

    • Blackrock threatens higher inflation

    • Inflation drives demand for higher wages

    • Workers exploit inefficiencies in the wage market through job-switching and collective bargaining to obtain higher wages

    • Wages go up

    • Profits tighten

    • Blackrock threatens higher inflation

    Circle of life, baby.