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Inflationary Policies Are Destroying Wages

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Inflationary Policies Are Destroying Wages
The likeness of Benjamin Franklin is seen on U.S. $100 bills, in Marple Township, Pa., on July 14, 2022. Matt Slocum/AP Photo
Daniel Lacalle
Updated:
Commentary

When we read about the U.S. economy, we often get wage growth as a signal of a strong labor market. It’s hardly a strong market when the labor participation rate and the employment-to-population ratio are both below February 2020 levels and have been stagnant for months.

Daniel Lacalle
Daniel Lacalle
Author
Daniel Lacalle, Ph.D., is chief economist at hedge fund Tressis and author of the bestselling books “Freedom or Equality” (2020), “Escape from the Central Bank Trap” (2017), “The Energy World Is Flat”​ (2015), and “Life in the Financial Markets.”
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