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Tony Volpon's avatar

Adam, really one of the best analyses I’ve seen lately. Distributional issues are almost totally absent in the current discussion. Also rate to see the distinction between labor and profit unit costs. My sense is that the inflation scare in the US may embolden the Fed into a recession that breaks the shift underway in the balance of power- at least temporarily. Question is whether there are underlying structural factors (demographics, deglobalization) that will help the shift despite monetary policy/cyclical factors.

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PM's avatar

In regards to the EPI findings, what about those who say it is due to where they started there analysis and if you change the peg unit labor costs accounting for inflation changes from 8% to 53%? (https://twitter.com/DonFSchneider/status/1526299566823329793/photo/2).

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