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Workers, jobs, growth and inflation - today and tomorrow

· Tiff Macklem, Governor of the Bank of Canada (Canada)

Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity, labour markets and jobs

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· Tiff Macklem Wiki · Bank of Canada WikiWorkers, jobs, growth and inflation - today and tomorrow

ContextRemarks to the Winnipeg Chamber of Commerce in Manitoba; the Bank of Canada keeps inflation low and stable and watches jobs and growth as inflation eases.

Why it mattersMacklem links pay growth, productivity and inflation as the labour market cools.

Problems raised
  1. Wage growth may fuel inflation.
  2. Investment and productivity are weak.
  3. Labour advantages may fade.
Solutions proposed
  1. Use better wage measures.
  2. Grow the labour force.
  3. Tackle investment and productivity.
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