The post Employment, China appeared first on Mosler Economics / Modern Monetary Theory.
Employment, China
May 06, 2022 at 10:47 AM EDT
Employment generates income and spending. The gap vs the pre-covid path is closing at an ever slowing rate. And the cost of living is rising faster than wages, which exacts a toll as well. These are inflation-adjusted: This came out last week: The post Employment, China appeared first on Mosler Economics / Modern Monetary Theory .
Employment generates income and spending.The gap vs the pre-covid path is closing at an ever slowing rate.And the cost of living is rising faster than wages, which exacts a toll as well.These are inflation-adjusted:This came out last week: