From the end of the 1980s to 2020, an increase in the number of workers in advanced economies combined with globalization and manufacturing labor availability kept inflation low, while rising inequality concentrated gains.
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Speaker
Charles GoodhartEvidence Quote
“There was an increase in the number of workers in many advanced economies... there was a very considerable increase in the availability... of labor. And that meant that inflation was low, but at the expense of rising inequality.”
Created: 8/12/2026, 6:30:58 PM
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