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Paul Krugman

@paulkrugman ↗

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Last Checked Oct. 29, 2021

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Thu Sep 09 16:13:27 +0000 2021

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Paul Krugman @paulkrugman

Presumably firms reluctant to offer across-the-board wage increase because they don't expect economy-wide wages to keep increasing, and don't want to lock in higher costs 6/ — PolitiTweet.org

Posted Sept. 9, 2021

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Paul Krugman @paulkrugman

Struck by this line from the Beige Book: "Some contacts said that pay equity across workers made it difficult to raise wages for new hires." 5/ https://t.co/DQ8ZS4xlVZ — PolitiTweet.org

Posted Sept. 9, 2021

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Paul Krugman @paulkrugman

Just in general, I don't get the sense that price- and wage-setters are acting as if they expect sustained inflation ahead. Which means that we are not reliving the 70s. 7/ — PolitiTweet.org

Posted Sept. 9, 2021