Goldman Sachs not concerned that strikes could re accelerate wage growth, boost inflation

<p>From a Goldman Sachs note on Thursday afternoon US time – are unconcerned about unionized workers getting wage hikes, saying these are a laggin indicator:</p><ul><li>Recent strikes and reports of unions winning or demanding large wage increases have fueled concerns that wage growth could reaccelerate and boost inflation. </li><li>We instead see the recent wage gains for union workers as a lagging indicator—the final echo of last year's inflation surge.</li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.