Despite all the worry over the impact of rising oil prices, recall that the U.S. is now a largely services-based economy. And observe that the rising wages that have led to real overall cost rises in decades past are nowhere to be found today. Exhibit A is in Wisconsin.
Continue reading Labor’s Fall — Not Oil’s Rise — Is Key to Inflation
Labor’s Fall — Not Oil’s Rise — Is Key to Inflation originally appeared on DailyFinance on Tue, 01 Mar 2011 12:00:00.