51. Investors also say rising wages may lead to higher prices. 52. Labor shortages and rising wages also reported. 53. LG and other South Korean electronics makers have shifted production abroad, particularly to China and Southeast Asia, to cope with rising domestic wages. 54. Labor markets are still tight and reports of rising wages increased. 55. Labor shortages, which are forcing some businesses to offer higher wages to attract job applicants, also benefit the government because tax revenues increase with rising wages. 56. Meltzer of Deutsche Bank noted that most of the recent surge in prices stems from soaring oil prices rather than from more structural causes like rising wages. 57. Midwest factories at full-throttle trouble the Federal Reserve, which sees a fast-paced economy as a sign that rising wages and prices will re-emerge. 58. Moskow was asked about whether rising wages might lead to accelerated inflation later this year. 59. Most cities and states have trimmed their cultural budgets a bit, or used the recession and reunification to blunt steadily rising wage demands. 60. Nonetheless, rising wages, as more people are employed, is a major concern for the central bank, lest higher wages accelerate inflation. |