01 Mar 2022 The Real Economy: March 2022
Authored by RSM US LLP |
Wage increases and rising inflation are now of paramount concern to policymakers and businesses.
While conditions are not yet ripe for the kind of wage-price spiral that wracked businesses in the 1970s, the economic growth and emboldened labor market of the past year require a different policy response than the previous two business cycles.
For the Federal Reserve and Congress, that means striking a careful balancing act of reining in inflation while preserving hard-won wage gains among the nation’s workers—no easy task.
This month’s issue of The Real Economy examines inflation’s impact on middle market businesses from a number of angles. Our chief economist, Joe Brusuelas looks at the balancing act of preserving wage gains and taming inflation. Then, RSM’s Matt Dollard asks if it is time for businesses to raise prices. This issue profiles two RSM clients—an electrical contractor and the U.S. subsidiary of an international food business—and how they have managed rising inflation. Finally, we consider the impact of inflation on the insurance industry, and the persistent pay gap between men and women.
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This article was written by Joe Brusuelas, Matt Dollard, David Mamane, Marlene Dailey, Karen Galivan and originally appeared on 2022-03-01.
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