Roberto Abraham Scaruffi: Inflation Is Stinging U.S. Workers Harder

Friday, 22 August 2008

Inflation Is Stinging U.S. Workers Harder

Inflation Is Stinging U.S. Workers Harder
Inflation is rising faster than the wages of U.S. workers compared with that of Europeans. However, economists say the euro zone faces a "major risk" of a wage-price inflationary spiral if businesses increase prices to cover labor costs.