Ross Gittins and The Pascometer are suddenly worried about wages:
It’s too early to be sure, but not too early to suspect that, if we and the other developed economies keep travelling the way we are, conventional wisdom about what constitutes good economic policy may soon need to be turned on its head.
We’re living through very strange times. Each developed economy has its own story, but there are strong similarities. One is exceptionally low inflation, which doesn’t seem temporary.
