Paul Krugman

@paulkrugman ↗

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Last Checked Jan. 26, 2023

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Thu Dec 08 20:21:48 +0000 2022

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Paul Krugman @paulkrugman

At this point many observers are aware that rising official shelter prices largely reflect a surge in rents last year, largely driven (we think) by work from home. Recent market rent inflation is low, maybe even negative 3/ — PolitiTweet.org

Posted Dec. 8, 2022

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Paul Krugman @paulkrugman

In both cases, average market prices lag well behind new contracts: many apartments are leased and workers hired for a year, so market conditions take a while to show up in average measures 2/ — PolitiTweet.org

Posted Dec. 8, 2022

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Paul Krugman @paulkrugman

Something similar although less drastic may be happening with wages: averages rising bc of a hot market some months ago, new wage deals up at a more moderate pace 4/ — PolitiTweet.org

Posted Dec. 8, 2022