Quote:
Originally Posted by bizaro86
Your second sentence is kind of offset by the first.
The initial commodity price spike from supply chain issues and prodigious money printing has leveled off. But the labour market is still very tight and people are asking for large raises due to inflation. We are entering a wage price spiral.
|
Big companies (especially in tech) are freezing hiring and layoffs are soon to come which will lower the labour market issues. Seems very likely we are entering into a recession.