Bottom Quote by Jared Bernstein
“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 bottom end of the scale.”
About This Quote
Source Speech: Economic Forum, 2019
Wage increases need not always cause inflation; especially at low wages, growth can be non‑inflationary.
In simple terms: Higher wages can be non‑inflationary, especially low wages.
Key Takeaway
Support policies for low‑wage wage growth.
Themes
economics
labor markets
inflation
policy
Mood
analytical
policy‑focused
Type
economic
political
When to use this quote
- government budgeting
- business planning
- union negotiations
- public debate
Key Concepts
wage dynamics
price stability
income inequality
Questions to Reflect On
- How can we measure non‑inflationary wage impact?
- What safeguards prevent wage‑driven inflation?
A Different Perspective
Inflation risk varies by sector and timing.
![“Did folks know that the tax to fund the program [Social Security] only hits salaries up to $110,000? That means that if you make a million bucks, about 90% of your salary is tax free when it comes to the payroll tax that funds Soc Sec. That ain't right.” quote by Jared Bernstein](https://sms4smile.com/quotes/img-quotes/723/jared-bernstein-39941_bucks_did-folks-know-that-the-tax-to-fund-the_232602.jpg)
