>Wage prices are sticky because non-wage prices are inflationary, and wages are easier to negotiate because it's a purely local market, while being harder to offload because of employment contract law.
That makes sense. Hmmm
>Wage prices are sticky because non-wage prices are inflationary, and wages are easier to negotiate because it's a purely local market, while being harder to offload because of employment contract law.
That makes sense. Hmmm
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