Paul Krugman

@paulkrugman ↗

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Last Checked Aug. 5, 2022

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Fri Jul 08 20:09:48 +0000 2022

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Paul Krugman @paulkrugman

Now, wage growth very different for supervisors and non, reflecting general equalization of wage rates prob bc of tight labor market 3/ https://t.co/hcud6BYog1 — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

Given normal productivity growth, ~4% wage growth consistent with ~3% underlying inflation. Still above Fed target, but not by all that much 2/ — PolitiTweet.org

Posted July 8, 2022

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Paul Krugman @paulkrugman

This creates problems for what is ordinarily a very useful source, the Atlanta Fed wage growth tracker, which tries to measure median wage. In an equalizing market, median will rise faster than mean, which may give spuriously high numbers 4/ https://t.co/gIJoybYcu8 — PolitiTweet.org

Posted July 8, 2022