Weak wages and widening inequality, maybe the rise of technology is not all good

With unemployment rates close to all time lows in so many parts of the western world, why is wage growth so sluggish? And what are the reasons inflation seems so subdued?

Janet Henry, Global Chief Economist for HSBC, addresses these questions in her report, ‘Global Economics: the wage conundrum’. Janet surmises that it is a combination of not just the low unemployment but the addition of weak wages that are really doing a number on the global economy.

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