The critical problem with accelerating growth from current 3.7% unemployment is that there are no workers available to drive 11-12% earnings growth; any attempt to find workers will trigger higher wage growth, which feeds directly into core service inflation—the very thing the Fed is trying to suppress.
causalpending
Speaker
Julian BrigdenEvidence Quote
“where you're going to find the bloody workers to do that with 3.7% unemployment unless you're willing to take the risk of higher wage growth which typically feeds straight into core service”
Created: 8/12/2026, 6:17:43 PM
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