acemaxx on Nostr: Back in the 1970s, unit labour costs were the main driver of inflation. But more ...

Back in the 1970s, unit labour costs were the main driver of inflation. But more recently, unit #profits have taken this role. Empirical evidence even points to unit profits becoming a leading indicator of #inflation, chart @BIS_org https://www.bis.org/publ/work1167.htm