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Change in Wages, Productivity Blamed
The article discusses inflation and policy promises by Treasury Secretary Miller at the IMF meeting. It notes a 1.4 percent September rise in the producer price index and argues wage growth outpacing productivity as a fundamental issue, challenging the idea that prosperity can be maintained while inflation is reduced. It cites a professor warning against misattributing causes and urges focus on the wage productivity gap as the core problem.
MENTIONED IN THIS ARTICLE
New York
United States
Treasury
G. William Miller
International Monetary Fund
Belgrade
Yugoslavia
Washington
Johnson
Nixon
Ford
Carter