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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