Not exact matches
In that sense, the Fed has the potential to make a huge structural difference in the economic lives of blacks and other minorities by heavily weighting the full employment part of the their mandate relative to the inflation part, especially since there's still considerable slack in the job market, with lower -
wage, minority workers facing the brunt of it, and — importantly — little evidence of inflationary
pressure (if anything, the Fed has missed their inflation target on the low side for a few years running
now).
Though the second - quarter bounce back is dampening
wage pressure for
now, the weak trend in productivity suggests the economy's growth potential could be lower than the 1.5 percent to 2.0 percent pace that economists have been estimating.
Wage growth, too, was modest or moderate, while pricing
pressures, in general,
now were strengthening.
Because of that,
wage pressures should be exploding right
now.
The data
now shows that teachers, under the
pressure of needing to make enough of a living
wage to support their own families, are moving from poor schools to non-poor schools... from high - minority to low - minority schools... from urban to suburban schools.