Anyone who pencils in wage inflation in coming years needs to defend his numbers.
Meanwhile another jobs-market problem could soon loom just as large as unemployment: wage inflation.
Begic admitted it is a challenge, with labor issues, particularly wage inflation, something all firms must address.
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The Teamsters and United Auto Workers stood too powerful, creating wage inflation approaching double-digit percentage annual leaps.
On balance, therefore, the happy combination of low unemployment and subdued wage inflation looks set to continue.
Though not as bad across the Channel, wage inflation in the eurozone is also becoming a growing problem.
But they are warning engineering and management skills are hard to find, leading to the prospect of wage inflation.
Unemployment has fallen to its lowest since 1980, which in past cycles would have pushed wage inflation up sharply.
Wage inflation is remote and interest rates stay minimal for years to come.
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Administrative adds include wage inflation, benefits inflation and suppliers that are increasing price that the company cannot negotiate down effectively.
There are risks: ExlService is vulnerable to an appreciating Indian rupee versus the U.S. dollar and wage inflation in India.
Vietnam, Indonesia and other countries have only a finite ability to expand quickly without overloading their infrastructure or sparking wage inflation.
But one thing is missing from the inflationary cocktail, says Mr Jones, to make it a truly potent mix: wage inflation.
Wage inflation in Britain, which lies outside the eurozone, has also risen 4%, its fastest pace in 13 years, new data showed.
But it also brought massive player wage inflation, agents and signing-on fees.
The threat of wage inflation is piling extra pressure on the central bank to raise interest rates to an expected 4.25% on Thursday.
The first signs of wage inflation have already begun to appear.
The worst metric is wage inflation because it makes us uncompetitive.
As Mr Greenspan has pointed out repeatedly, one reason why wage inflation remains relatively low is the simple fact that many Americans are terrified of losing their jobs.
No great excesses, like wage inflation or commodity spikes likely.
Spain is so far the biggest contributor to wage inflation as salaries in its private and public sectors have become increasingly indexed to inflation over the last five years.
Furthermore, average hourly earnings rose by .3% during the month, as wage inflation has been lacking for quite some time and has severely lagged a rebound in corporate profits.
The Indian firms see consulting work as a way to maintain their competitive edge in the face of wage inflation in India and the rise of Chinese data processing firms.
With unemployment likely to remain high, no overtime and part-time workers bulging to an amazing 9 million number, wage inflation is a dead issue for at least a couple of years.
Most cities have pledged to lower home prices below the rate of wage inflation, but are still toying with whether or not to impose the 20% tax on second hand home purchases.
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Expectations may have risen, but cost push or wage inflation will only likely to rise if economic growth is sufficiently strong or it can be accommodated by an acceleration in monetary growth.
Nominal wage inflation remains very low, as companies sit on vast piles of cash but remain reluctant to spend, and there is still a large amount of slack in the U.S. economy, particularly given a stubbornly high rate of unemployment stuck at 9%.
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