Wage inflation is a bad thing though as this tends to make Wall St. nervous and the Fed likely to look at rate increases.
When will the fed learn that true inflation is caused by printing large quantities of money?
It's a bad thing... unless you're one of the 98% of Americans who lives on wages!
Wage inflation is only a bad thing if it isn't offset by productivity gains. If I'm earning 4% more than last year but I'm also 4% more productive, then I'm not costing my employer a penny more today than I was a year ago.
Hang nails make Wall St. nervous. We have the same amount of gas on hand as 20 years ago but the price is more than doubled, it is not because of anything but nervouse investors. They cry about building bubbles but forget that you need tens of thousands of homes for new kids born to the genX folks. Investors will get hurt on speculation but the economy WANTS to grow to keep up with demand. /rant off - what is wrong with telling a good story