Employment cost index

Labor costs rose at fastest pace in year and a half
https://www.marketwatch.com/story/employee-costs-rise-at-fastest-pace-in-a-year-and-a-half-1a89ae02?mod=mw_latestnews
The cost of labor for U.S. companies accelerated in the first quarter at the fastest pace in a year and a half, complicating the Federal Reserve’s effort to get inflation fully under control.

The employment cost index rose 1.2% in the first three months of the year from 0.9% in the fourth quarter, the government said Tuesday. That was the biggest increase since the 2022 third quarter…

DB2

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The robots are coming!

The Captain

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I have read that inflation is proving stickier than expected. Is this part of what used to be called the wage-price spiral?

DB2

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AI is coming to replace management. Costs will really drop then.

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