Surging headline wage growth exaggerates reflation amid a modest impulse since it regained its pre-covid trend. The wage settlement distribution is as bad as in 2016, implying no persistent upside.
SUMMARY
(Sign Up to Access)
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
Unlock research summaries
Follow top, independent analysts
Receive personalised alerts
Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.