That effect seems to have
capped wage price inflation despite low unemployment — the opposite of what Friedman would have expected 40 years ago.
More recently, wage growth has shown signs of stabilisation, with growth in the private
sector wage price index unchanged for the past six quarters, while a broader measure of wage pressures, the growth in average earnings per hour, has picked up of late.
Sprint, the third - biggest mobile carrier in the nation, is offering the latest iPhone models through a leasing program that it is banking on to help it catch up with Verizon Wireless and AT&T and gain more customers, even as T - Mobile is
aggressively waging a price war from the lower end.
Given the RBA has been very vocal on wage growth as the missing piece of the economic puzzle, today's
Wage Price Index will attract an unusual amount of focus.
But among them, the Saudis and smaller Gulf states have more than enough cash stashed in reserves, as well as sovereign wealth funds — at least $ 3 - trillion in various funds they can tap — to
wage this price war for years.
Although
the wage price index has maintained a fairly stable pace of around 4 per cent growth, the broader average earnings measure from the national accounts has picked up (Graph 16).
Today focus will return locally as construction work and
wage price index will be monitored before further talks from ECB president Draghi and US Fed Chair Yellen.
By the way you mention players» prices versus players» wages which I think is incomparable because the one is
a wage price while the other is a purchasing price which has no correlation whatsoever, and their retrospective prices are dictated by their very own respective terms and reasons.
It will remain at 3.56 % a year until 2020, but from 2021 a new and lower floating indexation rate will apply, based on
the wage price index and CPI.
The insurance companies are
waging a price war against each other and the customer gets to roast all the benefits in the form of discounts and other value added features.
But inflation is really caused by
the wage price spiral that hasn't recurred since the late 1970s in Canada.