Following this article I posted earlier, WSJ explains why the US and Europe are facing different prospects on inflation: there will be no wage-price spiral in the US. This is due to the different labor market structure of the two major economies.
![[wage gap]](https://s.wsj.net/public/resources/images/P1-AM665B_WAGES_20080821211515.gif)
![[labor]](https://s.wsj.net/public/resources/images/P1-AM666_Wages__20080821200432.gif)
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