The Lakewood View

Sunday, December 16, 2012

2006 November : Daily Speculations

2006 November : Daily Speculations: "pickup in labor costs have for price inflation? One possible outcome is that increases in labor costs will largely be absorbed by a narrowing of firms’ profit margins and not be passed on to consumers in the form of higher prices. The fact that the average markup of prices over unit labor costs is currently high by historical standards suggests some scope for this outcome to occur. "

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