Chief financial adviser at Allianz factors to slowing US wage development, widening inequality
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Mohamed El-Erian, chief financial adviser at Allianz tweeted on his considerations over wage disparities within the US:
The wage development traces are pointing down for all however the high quartile. If there’s a silver lining from this it will be decrease inflationary pressures. These seeing their wages slashed in all probability have considerations apart from macro financial impacts I assume.
This text was written by Aaron Cutchburt at investinglive.com.
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