Wages and labor market Around The World
Although many economists—including at least some sitting central bankers—believe that nominal wage growth provides little forward-looking information about broader inflationary trends, policymakers have generally found wage growth useful in helping to assess the amount of slack in the labor market—a key consideration in monetary policy decisions, particularly at a time like today when labor market measures are sending differing messages about the degree of slack.
http://www.zerohedge.com/news/2015-03-29/wages-around-world
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