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If this continues as unemployment falls it would mean a return to pre-crash normality, with sustained wage inflation eventually triggering central-bank interest-rate hikes.There is, though, another possibility; that the recent hints of a wages bump are largely an artefact of unexpectedly low inflation, and that the underlying wage stagnation continues.
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The worry is that the jump in inflation to 3.7% according to the broader retail-prices index, which is often used as a benchmark in pay deals, will help wage negotiators bump up pay.
Some hotels would have trouble finding workers without a big wage bump, but the businesses themselves wouldn't move offshore; you can't substitute a room in Vancouver for a suite at Mar-a-Lago.
Just this week, New Jersey voters approved a minimum wage bump to $8.25 per hour.
Nero is getting really into the spirit of the new wage bump by no longer offering its staff free lunch.
But it looks more and more like the wage bump is as good for workers as activists say it is.
And if stocks are falling because of a wage bump, does that mean we should be cheering the decline in stock prices?
Presson also sent a second letter later in the year, indicating his company's willingness to accept any resulting price increase from the wage bump.
On Jan . 1 2017, California's minimum wage would bump up to $10.50 an hour from the current statewide rate of $10, according to a document obtained by The Times.
The new national living wage would also bump up his wage bill.
Cost-of-living wage bumps have been frozen for years, unpaid furloughs have been enforced, and now the shutdown has effectively locked an estimated 800,000 workers out of their jobs.
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