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RT @jasonfurman: The biggest news in this release is large upward revisions in wage growth for September and October and a big number for November.
This is the second time this year we've seen AHE revisions like this dashing the hopes that maybe nominal wages growth was cooling.
🐦🔗: https://n.respublicae.eu/lugaricano/status/1598689717415034882
@lugaricano
Luis
w.r.t. “cooling”; do you have some means of distinguishing a “step jump” in nominal wages to catch up for the past unanticipated price rises from the “spiral” increase in nominal wages, or is your expectation that the supply shock price increases will all reverse at some point thus obviating any need for “step jump” rises in nominal wages ?