“There are plenty of things that cannot go on forever but can, and should, go on for a while. Rapid wage gains might be one of them.” @jwmason https://jwmason.org/slackwire/at-barrons-how-the-feds-view-of-the-economy-matters-for-more-than-monetary-policy/

// great piece on how the Fed almost reflexively tilts against labor bargaining power and so income share