https://youtu.be/RdAvBsGGLvQ?si=WV3KyAQAvfypug5V
*bls.gov :: How dare a democrat secretary of commerce not know bls.gov
know your economics: https://en.wikipedia.org/wiki/Phillips_curve
BTW: higher federal funds rates affect bank overnight lending rates and in turn effect treasury bills/bonds rates then effects borrowing rates.
So, no, higher rates do not directly affect labor rates, they affect new borrowing OR rotational accounts borrowing interest rates that then effect the labor market as a lagging indicator. If trade keeps up where employer prices for inputs decrease or stay the same, then it increases the likelihood of more growth, and increases the likelihood of wages increasing.
No comments:
Post a Comment