Possibility of inflation with economic recovery
Dr. Tamaro J. Green
2021-03-09 12:46:51 viewed: 412
The rise in oil prices may reflect the possibility of rising inflation. An increase in the cost of goods may potentially cause a need for a rise in wages to absorb these costs. Inflation during the recovery has up to this point been curtailed. With the opening of businesses, the demand of certain sectors shifts and how these shifts will be able to handle the rising costs of goods may determine how quickly the economy is able to recover. The gig and contract economy may be slower to experience wage growth as these jobs are usually lower in pay. With such a large gig and contract labour sector, the response to inflation of these sectors may present new risks that were not observed in previous economic recoveries.
Dr. Tamaro Green is a computer science researcher and the founder of TJG Web Services. TJG Web Services, LLC is a consulting firm in the field of information technology. Dr. Green writes on topics of privacy, security, and ethics in information technology and computer science.
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