Why lower unemployment hasn't resulted in higher wages
Advertisement
Advertisement
Advertisement
In the Fidelity insight of the week, Business Insider executive editor Sara Silverstein looks at a recent research note from the firm exploring why a lower unemployment rate hasn't resulted in higher wages. Fidelity says that the link between unemployment and inflation is weaker than it used to be, citing the Phillips curve. The firm argues that we're now close to full employment, which means wage inflation will come, although the peak for this cycle will be low compared to history.
Advertisement
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Having an regional accent can be bad for your interviews, especially an Indian one: study
- Dirty laundry? Major clothing companies like Zara and H&M under scrutiny for allegedly fuelling deforestation in Brazil
- 5 Best places to visit near Darjeeling
- Climate change could become main driver of biodiversity decline by mid-century: Study
- RBI initiates transition plan: Small finance banks to ascend to universal banking status