That's the opposite of what you'd expect if tight labor markets were driving price growth, and a legitimate reason not to tap the growth brakes with another rate bump. (jaredbernsteinblog.com)
Those restaurants probably won't reverse those promotions for a very logical reason: Employers generally have a hard time keeping workers when they cut wages, especially in tight labor markets like this one. (eater.com)
Nothing OTE'ers wouldn't know given my emphasis on the disproportionate benefits of tight labor markets to less advantaged groups, but the Fed study provides... Read more (jaredbernsteinblog.com)