Why pain and hardship are on the way

We've inherited a legacy of underinvestment in people. (Image: Getty)

Wed, 16 Nov 2022

Within a central bank war against inflation, there's another key battle we don't like to talk about. It's jobs versus inflation. Of course, it's not just jobs versus inflation. There are other battles. Profits and margins versus inflation. Growth and asset prices versus inflation. But there are deep structural changes taking place within the labour market.When you have too much money chasing too few goods, causing inflation, there are hits all round on the way.The hitsThe economy is operating above maximum sustainable...

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