| 21. | "I expect the wage inflation to drive a little price inflation, " he said.
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| 22. | The worry is that unremitting tightness in a labor market could lead to wage inflation.
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| 23. | Counting on a pickup in wage inflation to lift pay may be the wrong strategy.
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| 24. | "We have to keep our attention focused " on signs of wage inflation, he said.
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| 25. | In addition, Keynesians posited a Phillips curve that tied nominal wage inflation to unemployment rate.
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| 26. | But Friday's report raised the possibility that those profits might be squeezed by wage inflation.
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| 27. | Six months down the road, Serkes says he sees wage inflation putting pressure on prices.
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| 28. | But as wage inflation fears begin to surface, the inflationary outlook may be more concerning.
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| 29. | Bond prices rose Friday as the September unemployment report indicated wage inflation remains under control.
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| 30. | And it raised the specter of pending wage inflation.
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