Link between weak wage growth and weak short term economic growth

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Added on 2022/12/15

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This article explains the link between weak wage growth and weak short term economic growth by using the aggregate expenditure model. It discusses how weak wage growth affects consumption, investment, and net exports, leading to a decline in economic growth. It also explores the relationship between weak wage growth and government expenditure. Additionally, the article examines the effects of cutting interest rates on inflation, wage growth, business investment, productivity improvement, and economic growth. Lastly, it discusses the implications of increasing the part-time workforce and the consequences of estimating the natural rate of unemployment incorrectly.

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Link between weak wage growth and weak short term economic growth

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