Personal Finance Insider | Why lower unemployment hasn't resulted in higher wages @InsiderPersonalFinance | Uploaded September 2017 | Updated October 2024, 17 hours ago.
In the Fidelity insight of the week, Business Insider executive editor Sara Silverstein looks at a recent research note from the firm exploring why a lower unemployment rate hasn't resulted in higher wages. Fidelity says that the link between unemployment and inflation is weaker than it used to be, citing the Phillips curve. The firm argues that we're now close to full employment, which means wage inflation will come, although the peak for this cycle will be low compared to history.
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Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
In the Fidelity insight of the week, Business Insider executive editor Sara Silverstein looks at a recent research note from the firm exploring why a lower unemployment rate hasn't resulted in higher wages. Fidelity says that the link between unemployment and inflation is weaker than it used to be, citing the Phillips curve. The firm argues that we're now close to full employment, which means wage inflation will come, although the peak for this cycle will be low compared to history.
--------------------------------------------------
Follow BI Video on Twitter: bit.ly/1oS68Zs
Follow BI on Facebook: bit.ly/1W9Lk0n
Read more: businessinsider.com
--------------------------------------------------
Business Insider is the fastest growing business news site in the US. Our mission: to tell you all you need to know about the big world around you. The BI Video team focuses on technology, strategy and science with an emphasis on unique storytelling and data that appeals to the next generation of leaders – the digital generation.
