United States Employment Cost IndexTrading Economics
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Are we going to blame Labor costs on the supply chain as well? Labor force participation is in the toilet. Why does this matter to you? Bc Zombie companies who do not have pricing power will not be able to pass on the costs, profitable companies will suffer margin contraction sending earnings yield south, and if wages rise inflation won't go away. That means the FED will slam on the brakes at some point. Bad for stocks.