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The Financial Times is gated, so its always interesting getting a glimpse behind the curtian.
Mohamed El-Erian, chief economic adviser at Allianz tweeted on his concerns over wage disparities in the US:
The wage growth lines are pointing down for all but the top quartile. If there is a silver lining from this it’ll be lower inflationary pressures. Those seeing their wages slashed probably have concerns other than macro economic impacts I guess.
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