--- title: "Meaning & Key Takeaway of: There are alarm bells warning that…" description: "\"There are alarm bells warning that stagflation emerges if wage growth lags behind price hikes.\" — Fumio Kishida" image: "https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg" --- # There are alarm bells warning that stagflation emerges if… ![“There are alarm bells warning that stagflation emerges if wage growth lags behind price hikes.” quote by Fumio Kishida](https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg) [Download](https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg) [Open image](https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg) > “There are alarm bells warning that stagflation emerges if wage growth lags behind price hikes.” [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Warning that stagnant wages amid rising prices can trigger stagflation. **In simple terms:** Stagnant wages with rising prices risk stagflation. Key Takeaway Promote wage growth to match inflation. Themes economics inflation wage policy Mood concerned analytical Type informative policy‑oriented When to use this quote - policy planning - business budgeting - personal finance Key Concepts stagflation price‑wage gap Questions to Reflect On - How can workers influence wage trends? - What policies balance inflation and wages? A Different Perspective Wage growth may be limited by productivity constraints. ★ ★ ★ ★ ★ No ratings yet [Alarm](https://sms4smile.com/quotes/about/alarm/) [Behind](https://sms4smile.com/quotes/about/behind/) [Customer](https://sms4smile.com/quotes/about/customer/) [Emerges Wage](https://sms4smile.com/quotes/about/emerges-wage-3835716/) [Growth](https://sms4smile.com/quotes/about/growth/) [Price](https://sms4smile.com/quotes/about/price/) [Stagflation](https://sms4smile.com/quotes/about/stagflation-1153168/) [Stagflation Emerges](https://sms4smile.com/quotes/about/stagflation-emerges-3835715/) [Wage Growth](https://sms4smile.com/quotes/about/wage-growth-2577096/) [Warning](https://sms4smile.com/quotes/about/warning/) [Warning Stagflation](https://sms4smile.com/quotes/about/warning-stagflation-3835714/) ## Related quotes > [The core of a virtuous economic cycle lies in wage growth.](https://sms4smile.com/quotes/fumio-kishida/the-core-of-a-virtuous-economic-cycle-lies-in-wage-growth/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [I find it funny that people who didn't think there was any inflation in the pipeline are now talking about stagflation. This is nothing…](https://sms4smile.com/quotes/barry-ritholtz/i-find-it-funny-that-people-who-didn-t-think-there-was-any-inflation/) [Barry Ritholtz](https://sms4smile.com/quotes/author/barry-ritholtz/) > [Stagflation is too tame to describe the economic crisis of Ukraine. The country is actually going through a 'hyper-depression'.](https://sms4smile.com/quotes/daniel-kaufmann/stagflation-is-too-tame-to-describe-the-economic-crisis-of-ukraine/) [Daniel Kaufmann](https://sms4smile.com/quotes/author/daniel-kaufmann/) > [The stagflation of the 1970s blessed us with damaging wage and price controls and the utterly counterintuitive supply-side notion - famously drawn on a…](https://sms4smile.com/quotes/steven-rattner/the-stagflation-of-the-1970s-blessed-us-with-damaging-wage-and-price/) [Steven Rattner](https://sms4smile.com/quotes/author/steven-rattner/) > [“The unemployment rate rose between 1968 and 1970 from 3.6 to 4.9 percent—a jump of more than 33 percent. The consumer price index increased…](https://sms4smile.com/quotes/james-t-patterson/the-unemployment-rate-rose-between-1968-and-1970-from-3-6-to-4-9/) [James T. Patterson](https://sms4smile.com/quotes/author/james-t-patterson/) > [One of the things I really worry about is that if you don't see middle class wage growth, if you don't see the economy…](https://sms4smile.com/quotes/james-vance/one-of-the-things-i-really-worry-about-is-that-if-you-don-t-see/) [James Vance](https://sms4smile.com/quotes/author/james-vance/) > [Increases in interest rates normally worsen inequality, at least partly by reducing employment and wage growth.](https://sms4smile.com/quotes/gerald-epstein/increases-in-interest-rates-normally-worsen-inequality-at-least/) [Gerald Epstein](https://sms4smile.com/quotes/author/gerald-epstein/) > [It's a mistake to think that any increase in wages is inflationary and there is substantial room for non-inflationary wage growth, particularly at the…](https://sms4smile.com/quotes/jared-bernstein/it-s-a-mistake-to-think-that-any-increase-in-wages-is-inflationary/) [Jared Bernstein](https://sms4smile.com/quotes/author/jared-bernstein/) > [“The 1970s were also the last decade in which the working class experienced meaningful wage growth.20”](https://sms4smile.com/quotes/bruce-cannon-gibney/the-1970s-were-also-the-last-decade-in-which-the-working-class/) [Bruce Cannon Gibney](https://sms4smile.com/quotes/author/bruce-cannon-gibney/) > [In the 1950s and 1960s, an explosion of great corporate jobs, together with a restricted supply of labor, produced healthy wage growth.](https://sms4smile.com/quotes/edward-conard/in-the-1950s-and-1960s-an-explosion-of-great-corporate-jobs-together/) [Edward Conard](https://sms4smile.com/quotes/author/edward-conard/) > [To advocate both for more immigration and for faster wage growth for the working and middle class is to work at cross-purposes.](https://sms4smile.com/quotes/edward-conard/to-advocate-both-for-more-immigration-and-for-faster-wage-growth-for/) [Edward Conard](https://sms4smile.com/quotes/author/edward-conard/) > [There's gonna be a lot of slow singin' and flower bringin' if my burgalar alarm starts ringin'](https://sms4smile.com/quotes/biggie-smalls/there-s-gonna-be-a-lot-of-slow-singin-and-flower-bringin-if-my/) [Biggie Smalls](https://sms4smile.com/quotes/author/biggie-smalls/) > [The fire alarm definitely just went off...I think I'll stick to microwaveable popcorn from now on.](https://sms4smile.com/quotes/candace-bailey/the-fire-alarm-definitely-just-went-off-i-think-i-ll-stick-to/) [Candace Bailey](https://sms4smile.com/quotes/author/candace-bailey/) > [I don't use an alarm, though sometimes Alexa wakes me, especially if I have to get up at a certain time.](https://sms4smile.com/quotes/randy-rainbow/i-don-t-use-an-alarm-though-sometimes-alexa-wakes-me-especially-if-i/) [Randy Rainbow](https://sms4smile.com/quotes/author/randy-rainbow/) > [“We kiss until the alarm sounds off on my phone.”](https://sms4smile.com/quotes/colleen-hoover/we-kiss-until-the-alarm-sounds-off-on-my-phone/) [Colleen Hoover](https://sms4smile.com/quotes/author/colleen-hoover/) ## More by Fumio Kishida > [We need to protect free trade as a guiding principle for Japan.](https://sms4smile.com/quotes/fumio-kishida/we-need-to-protect-free-trade-as-a-guiding-principle-for-japan/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [TICAD is a conference Japan launched in 1993 to assist self-supporting development in Africa against the backdrop of the declining international interest in the…](https://sms4smile.com/quotes/fumio-kishida/ticad-is-a-conference-japan-launched-in-1993-to-assist-self/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [In thinking of the sustainability and inclusiveness of our nation's economy and society, we place child-rearing support as our most important policy.](https://sms4smile.com/quotes/fumio-kishida/in-thinking-of-the-sustainability-and-inclusiveness-of-our-nation-s/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [We need to do a thorough examination of whether Japan's defence capability is adequate or not.](https://sms4smile.com/quotes/fumio-kishida/we-need-to-do-a-thorough-examination-of-whether-japan-s-defence/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [It's important to expand households' financial asset income to create a broad middle class.](https://sms4smile.com/quotes/fumio-kishida/it-s-important-to-expand-households-financial-asset-income-to-create/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [With regard to relationship with China and the Republic of Korea, I believe it is important to develop future-oriented co-operative relationship and I would…](https://sms4smile.com/quotes/fumio-kishida/with-regard-to-relationship-with-china-and-the-republic-of-korea-i/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [We will squarely deal with wealth distribution towards the middle class.](https://sms4smile.com/quotes/fumio-kishida/we-will-squarely-deal-with-wealth-distribution-towards-the-middle/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [I want to achieve a virtuous economic cycle by raising the incomes of not just a certain segment, but a broader range of people…](https://sms4smile.com/quotes/fumio-kishida/i-want-to-achieve-a-virtuous-economic-cycle-by-raising-the-incomes-of/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Multilateralism has already played an important role in dealing with the Iranian nuclear issue, leading to more constructive approach by Iran.](https://sms4smile.com/quotes/fumio-kishida/multilateralism-has-already-played-an-important-role-in-dealing-with/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Rather than leaving everything to market and competition, I will put emphasis on the government and private sector working together for socioeconomic transformation.](https://sms4smile.com/quotes/fumio-kishida/rather-than-leaving-everything-to-market-and-competition-i-will-put/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [In order to encourage the private sector to raise wages, we must create a virtuous cycle of wage increases and corporate growth to enable…](https://sms4smile.com/quotes/fumio-kishida/in-order-to-encourage-the-private-sector-to-raise-wages-we-must/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Investment in people is often regarded as a cost, but it is a source of medium to long-term corporate value.](https://sms4smile.com/quotes/fumio-kishida/investment-in-people-is-often-regarded-as-a-cost-but-it-is-a-source/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Family-related social expenditures should not be a lower priority than defense-spending. As a country, Japan attaches great importance to it.](https://sms4smile.com/quotes/fumio-kishida/family-related-social-expenditures-should-not-be-a-lower-priority/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [I want to support the travel, entertainment and other industries that have been struggling during the coronavirus pandemic.](https://sms4smile.com/quotes/fumio-kishida/i-want-to-support-the-travel-entertainment-and-other-industries-that/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) > [Since the end of World War II Japan has worked as a peaceful nation to promote co-operation and dialogue.](https://sms4smile.com/quotes/fumio-kishida/since-the-end-of-world-war-ii-japan-has-worked-as-a-peaceful-nation/) [Fumio Kishida](https://sms4smile.com/quotes/author/fumio-kishida/) [Explore all 100 Fumio Kishida quotes ](https://sms4smile.com/quotes/author/fumio-kishida/) ## More Alarm quotes > [“We kiss until the alarm sounds off on my phone.”](https://sms4smile.com/quotes/colleen-hoover/we-kiss-until-the-alarm-sounds-off-on-my-phone/) [Colleen Hoover](https://sms4smile.com/quotes/author/colleen-hoover/) > [I don't use an alarm, though sometimes Alexa wakes me, especially if I have to get up at a certain time.](https://sms4smile.com/quotes/randy-rainbow/i-don-t-use-an-alarm-though-sometimes-alexa-wakes-me-especially-if-i/) [Randy Rainbow](https://sms4smile.com/quotes/author/randy-rainbow/) > [The fire alarm definitely just went off...I think I'll stick to microwaveable popcorn from now on.](https://sms4smile.com/quotes/candace-bailey/the-fire-alarm-definitely-just-went-off-i-think-i-ll-stick-to/) [Candace Bailey](https://sms4smile.com/quotes/author/candace-bailey/) > [There's gonna be a lot of slow singin' and flower bringin' if my burgalar alarm starts ringin'](https://sms4smile.com/quotes/biggie-smalls/there-s-gonna-be-a-lot-of-slow-singin-and-flower-bringin-if-my/) [Biggie Smalls](https://sms4smile.com/quotes/author/biggie-smalls/) > [I have slight attention-span issues, so I will often wander off, and then I will be alerted - in inverted commas - when the…](https://sms4smile.com/quotes/sue-perkins/i-have-slight-attention-span-issues-so-i-will-often-wander-off-and/) [Sue Perkins](https://sms4smile.com/quotes/author/sue-perkins/) > [As Secretary of Housing, I do have to express alarm, signal the alarm if you will, that the potential for homelessness to grow is…](https://sms4smile.com/quotes/henry-cisneros/as-secretary-of-housing-i-do-have-to-express-alarm-signal-the-alarm/) [Henry Cisneros](https://sms4smile.com/quotes/author/henry-cisneros/) > [To-night I am going to take a party to the headquarters of the fire department, where I have a cinch on the captain, a…](https://sms4smile.com/quotes/richard-h-davis/to-night-i-am-going-to-take-a-party-to-the-headquarters-of-the-fire/) [Richard H. Davis](https://sms4smile.com/quotes/author/richard-h-davis/) > [We've already seen digital picture frames pre-loaded with viruses; I'm not eager to have my refrigerator hacked or my alarm clock turned against me.](https://sms4smile.com/quotes/jamais-cascio/we-ve-already-seen-digital-picture-frames-pre-loaded-with-viruses-i-m/) [Jamais Cascio](https://sms4smile.com/quotes/author/jamais-cascio/) > [You lock your windows before you leave. You put on an alarm if you live in the country because you know that there are…](https://sms4smile.com/quotes/judy-sheindlin/you-lock-your-windows-before-you-leave-you-put-on-an-alarm-if-you/) [Judy Sheindlin](https://sms4smile.com/quotes/author/judy-sheindlin/) > [Waking up naturally to light is way better. It feels way better than waking up to an alarm.](https://sms4smile.com/quotes/mat-fraser/waking-up-naturally-to-light-is-way-better-it-feels-way-better-than/) [Mat Fraser](https://sms4smile.com/quotes/author/mat-fraser/) > [It's gonna be awesome! A suspected pedophile dunks my kids head in a bucket so when she dies she can live in an invisible…](https://sms4smile.com/quotes/dana-gould/it-s-gonna-be-awesome-a-suspected-pedophile-dunks-my-kids-head-in-a/) [Dana Gould](https://sms4smile.com/quotes/author/dana-gould/) > [I'm like a fire hose when the alarm goes off in a battle against a woman. Don't ever count me out.](https://sms4smile.com/quotes/bobby-riggs/i-m-like-a-fire-hose-when-the-alarm-goes-off-in-a-battle-against-a/) [Bobby Riggs](https://sms4smile.com/quotes/author/bobby-riggs/) > [Sleeping is my drug, my bed is the dealer, and my alarm clock is the police..](https://sms4smile.com/quotes/mitchell-sakundiak/sleeping-is-my-drug-my-bed-is-the-dealer-and-my-alarm-clock-is-the/) [Mitchell Sakundiak](https://sms4smile.com/quotes/author/mitchell-sakundiak/) > [“Tip #2: No more alarm clocks”](https://sms4smile.com/quotes/mary-helen-conroy/tip-2-no-more-alarm-clocks/) [Mary Helen Conroy](https://sms4smile.com/quotes/author/mary-helen-conroy/) > [I don't set the alarm to get up. I get up when I feel like it.](https://sms4smile.com/quotes/patricia-highsmith/i-don-t-set-the-alarm-to-get-up-i-get-up-when-i-feel-like-it/) [Patricia Highsmith](https://sms4smile.com/quotes/author/patricia-highsmith/) [Browse all 272 Alarm quotes ](https://sms4smile.com/quotes/about/alarm/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There are alarm bells warning that stagflation emerges if wage growth lags behind price hikes.", "creator": { "@type": "Person", "name": "Fumio Kishida" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/fumio-kishida/there-are-alarm-bells-warning-that-stagflation-emerges-if-wage-growth/", "about": { "@type": "Thing", "name": "Alarm" }, "@id": "https://sms4smile.com/quotes/fumio-kishida/there-are-alarm-bells-warning-that-stagflation-emerges-if-wage-growth/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg", "url": "https://sms4smile.com/quotes/i/ec7/fumio-kishida-6061_alarm_there-are-alarm-bells-warning-that-stagf_1235217.jpg", "width": 1080, "height": 1080, "caption": "“There are alarm bells warning that stagflation emerges if wage growth lags behind price hikes.” — Fumio Kishida", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Fumio Kishida", "item": "https://sms4smile.com/quotes/author/fumio-kishida/" }, { "@type": "ListItem", "position": 4, "name": "There are alarm bells warning that...", "item": "https://sms4smile.com/quotes/fumio-kishida/there-are-alarm-bells-warning-that-stagflation-emerges-if-wage-growth/" } ], "@id": "https://sms4smile.com/quotes/fumio-kishida/there-are-alarm-bells-warning-that-stagflation-emerges-if-wage-growth/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```