Wage Inflation Amid Shift From Luxury To Necessity

<p>"Wage inflation can be separated into high school and below versus bachelor's degree and above. This can be telling that companies are shifting toward necessity versus luxury," says Paul Wankmueller. "Investors thought that the bottom of the stock market had to be related to the spike in the VIX, which did not occur. If companies will increase the cost of their goods, their employers will need to be paid more to afford those goods," Wankmueller adds.</p><p><br></p>